Low prices put the brakes on the global E&P train
Language: Inglés Publication details: feb. 2015Description: 6 p. ; 71-77 In: World Oil| Current library | Status | Barcode | |
|---|---|---|---|
| Biblioteca Alejandro Angel Bulgheroni | Not for loan | 200063491 |
After spending several years on a plateau, the upstream industry has plunged into a downturn and looks set to endure the second recession in a 15-year global E&P spending upcycle. Last year, global spending amounted to $729 billion, but this year the Evercore ISI survey group expects that figure to drop below $700 billion. International spending, outside North America, should contract about 15%.
2
