Companies have postponed 46 big oil and gas projects with 20bn barrels of oil equivalent in reserves

  • That's according to research from Wood MacKenzie

The report is due on Monday, the FT had a sneak preview (gated)

"The upstream industry is winding back its investment in big pre-final investment decision developments as fast as it can"

"This is partly because it is one of the quickest ways to free up capital in response to low oil prices."