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|HOUSTON Cheap Washington Redskin Jerseys , Jan. 29 (Xinhua) -- ConocoPhillips, the world's largest independent oil and gas company, on Thursday reported a loss in the final quarter of 2014 and slashed its capital budget for the second time this year in response to the plummeting crude prices.
The Houston-based company announced in a statement released Thursday that it saw a net loss of 39 million U.S. dollars, or about 3 cents per share, compared with a 2.5 billion U.S. dollars or 2.00 dollars per share performance in the fourth quarter of 2013.
Its full-year 2014 earnings were 6.9 billion U.S. dollars, or 5.51 U.S. dollars per share, compared with full-year 2013 earnings of 9.2 billion U.S. dollars Cheap Tennessee Titans Jerseys , or 7.38 U.S. dollars per share.
In anticipation of weak 2015 commodity prices, the company also further reduced its expected 2015 capital expenditures to 11.5 billion U.S. dollars from the 13.5 billion U.S. dollars previously announced.
Reductions will come primarily from the deferral of onshore drilling and exploration programs in the Lower 48, and deferral of major project spending. At this level of capital, the company expects to achieve 2-3 percent production growth in 2015 from continuing operations, excluding Libya.
"We are responding decisively to a weak price outlook in 2015 by exercising our capital and balance sheet flexibility," said Ryan Lance, chairman and chief executive officer. "In this environment our priorities are to protect our dividend and base production Cheap Tampa Bay Buccaneers Jerseys , stay on track for cash flow neutrality in 2017, and preserve future opportunities."
ConocoPhillips' latest announcement came as oil companies began announcing spending cuts and job cuts following a steep slide in oil prices since last summer. Analysts expect most energy companies to cut their 2015 spending by 20 percent or more.
ConocoPhillips was created through the merger of Conoco Inc. and the Phillips Petroleum Co. in 2002. It is the world's largest independent pure-play exploration and production company and the third-largest U.S. energy producer behind ExxonMobil and Chevron.
SINGAPORE, Nov. 12 (Xinhua) -- Chinese President Xi Jinping and Singaporean Emeritus Senior Minister Goh Chok Tong unveiled the China Cultural Center here during Xi's recent state visit to the city state, the first official center to promote Chinese culture.
In 2010, Xi, who was vice president at the time, and then Senior Minister Tong attended the ground-breaking ceremony of the center.
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The China Cultural Center is located at 217 Queens Street in Singapore's Arts and Heritage District. The gray and white walls of the building are reminiscent of ancient Chinese architecture.
"When I first saw it, I was really impressed. As director of the center, I am proud of working here. My job also gives me a sense of responsibility to deepen cultural exchanges between the two countries," Ma Hongying, director of the center, told Xinhua.
Close to museums, arts education institutions Cheap San Francisco 49ers Jerseys , galleries and other art facilities, the center aims to facilitate the understanding of Chinese culture abroad, promote people-to-people exchanges and deepen cultural cooperation with China.
Designed by Liu Thai-Ker, the master planner of Singapore, the center is a perfect combination of Chinese cultural elements and modern architectural design.
"From the aesthetic point of view, I think the center should be a modern building first. When people talk about China, they often regard it as an ancient culture. However Cheap Pittsburgh Steelers Jerseys , China has become a modern country. So I think the design of the center should be a good combination of modern elements and the charm of traditional Chinese culture," Liu said.
The cultural center, which covers an area of about 1,352 square meters, has 10 floors with about 8,900 square meters of construction area. It is comprised of a tower and podium with panorama elevators, an aerial corridor and a main roof Cheap Philadelphia Eagles Jerseys , which are considered highlights of the design.
Liu said "dougong," an arch often used in traditional Chinese architecture, is one of the eye-catching parts of the center, which is in "Chinese Red," a typical Chinese color.
As people in different countries have various understandings of colors, Liu said his team has communicated many times with the manufacturer and finally achieved the effect.
"The proportion of doors and windows in ancient Chinese architecture is quite different from that in the West," said Liu. "We tried to follow the tradition as long as the design doesn't affect the use Cheap Oakland Raiders Jerseys , which allows people to sense the charm of Chinese architecture."
In addition, the aerial corridor is also transparent. People can see the landscape when they walk through the corridor.
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The center, composed of such units as exhibition hall, theater, library, classrooms and physical training rooms, aims to "tell the story of China to let its voice be heard" by providing high-quality cultural programs in cooperation with related organizations.
An exhibition named "A New Horizon" was launched shortly after the center's inauguration on Saturday to commemorate the 25th anniversary of the establishment of China-Singapore diplomatic relations and Singapore's golden jubilee Cheap New York Jets Jerseys , according to Xiao Jianghua, cultural counselor of the Chinese Embassy in Singapore.
The exhibition showcases 25 masterpieces from Chinese and Singaporean artists, with the support of the National Art Museum of China and the National Gallery of Singapore.
"We need to think it over when carrying out cultural activities in Singapore, where nearly 75 percent of its residents are of Chinese descent," said Ma.
Ma indicated that a series of activities is planned to be held in the center, including those related to such Chinese festivals as Spring Festival and Mid-Autumn festival, lectures such as Discover China Cheap New York Giants Jerseys , and film screeni. Saquon Barkley Jersey Authentic Royce Freeman Jersey Roquan Smith Womens Jersey Richard Sherman Womens Jersey Patrick Mahomes Womens Jersey Nick Foles Youth Jersey Leonard Fournette Youth Jersey Kirk Cousins Youth Jersey Josh Rosen Cardinals Jersey Josh Allen Bills Jersey