TY  - SER
TI  - Low prices put the brakes on the global E&P train
PY  - 2015///
CY  - 
PB  - 
N1  - 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%
ER  -