BP says oil majors have axed 80 projects this year

Tue, 10th Nov 2015 07:49

ABU DHABI, Nov 10 (Reuters) - Oil majors have cancelled atotal of 80 projects across the globe this year because of lowoil prices and cut capital expenditures by as much as $22billion, BP's head of exploration and production Lamar Mckaysaid on Tuesday. (Reporting by Dmitry Zhdannikov and Rania El Gamal; editing byJason Neely)

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