Slashing Spending

Slashing Spending

PETRO-CANADA

It announced on Nov. 17 a delay in its $24 billion oil sands project in Alberta

TNK-BP

The Russian oil company may cut its 2009 capital expenditures by $1 billion

SAUDI ARAMCO

It has delayed construction of the 400,000 barrels-a-day Yanbu export refinery

HESS

The company will not build a $5 billion refinery in St. Lucia in the Caribbean

Data: Morgan Stanley

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