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."
