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HOUSTON, Nov. 4 (Xinhua) -- Marathon Oil Corporation, a Houston-based U.S. oil and natural gas exploration and production company www.nmdsuomi.com , announced on Wednesday cuts in its investment budget for next year by 29 percent.


Marathon Oil has cut its investment budget next year down to 2.2 billion U.S. dollars as crude prices are expected to remain low for a long time, chief executive officer (CEO) of the company Lee Tillman said.


The firm is maximizing capital allocation to the highest return opportunities in the U.S. resource plays, Tillman said, adding that the company is trying to invest more in its most profitable oil fields -- its various stakes in U.S. shale plays.


Despite the sharp investment cuts adidas nmd kengät suomi , it has plans to get more oil out of the ground for less money in the U.S. shale plays, the company said.


The company's oil and gas production rose 10 percent to 212,000 barrels of oil equivalent a day while its overall production grew 6 percent to 434,000 barrels a day.


It is on track to put out 20 percent more shale oil and gas this year over the same period of last year adidas nmd kengät miehet , the company said.


In the third quarter of last year, the firm enjoyed a profit of 304 million dollars, but it reported a net loss of 749 million dollars in the same period of this year.


Its quarterly revenue also dropped to 1.32 billion dollars in the third quarter from 2.97 billion dollars.

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SAPPORO， Feb. 17 (Xinhua) -- The Chinese delegation to the Asian Winter Games， spearheaded by the short track speed-skating team， arrived in Sapporo on Friday at the New Chitose Airport.


China sent a 236-strong delegation to the 8th Asian Winter Games， which will run from Feb. 19-26. China will compete in all events at the Games， which will attract some 2，300 athletes from 31 countries and regions.


Li Yan， head coach of the Chinese short track speed-skating team， told Xinhua that she asked the team to focus on themselves and try their best to achieve good results.


""We can already feel the atmosphere here，"" said Li. ""We will have some good rest today and tomorrow we'll go to the venue for training.""


The short track speed-skating competition kicks off on Feb. 20， and the Chinese team have only two days to get familiar with the venue.


China's short-track speed skaters， who captured six gold medals at the last two Winter Olympics， are . Cheap Jerseys Cheap Jerseys China Cheap Authentic Jerseys Cheap Jerseys China Wholesale Cheap Authentic Jerseys Wholesale Jerseys From China Wholesale Jerseys From China Cheap Soccer Jerseys Online Cheap Jerseys China Online Cheap Jerseys China Online