An attendee walks past a  BP chart during the 2016 Offshore Technology Conference (OTC) in Houston, Texas, US, in this file photo dated May 2, 2016. BP can keep spending at a reduced rate of about $17bn for another three years without affecting growth, chief executive officer Bob Dudley said, Bloomberg reported. The explorer has enough projects at hand to be able to continue producing fuel, he said in a Bloomberg TV interview in St Petersburg, Russia. “Being a low-cost producer is the name of the game,” Dudley said. “We’re getting very disciplined about capital.” While oil’s slump has forced companies to slash spending and defer new projects to protect their balance sheets, they still must ensure enough investment for future growth. The industry will cut more than $1tn of expenditure by the end of this decade, in part because of the declining cost of doing business, consultant Wood Mackenzie said this week.