000			01412nab a2200229 4500
005			20260520004531.0
008			260224s2015 xxu ing
041			_aInglés
245	0	0	_aHarsh cuts await as the oil field slips into recession
260			_a _b _cfeb. 2015
270			_a19/09/2017 ; 19/09/2017
300			_a1 p. ; 37-38
500			_aE&P spending may fall below $700 billion in 2015, as budgets will be dictated by cash flow and access to capital, according to a survey of the spending plans of approximately 300 companies worldwide. The year ahead is set to be transitional for the upstream industry, marking the second recession in a 15-year, global E&P spending upcycle. With 2014 spending finishing stronger than expected, and a significantly changed price environment, Evercore believes that near-term capital expenditure (capex) revisions put its survey’s modest 5% contraction for 2015 at risk. The company expects near-term capex announcements to reflect about 30%–40% cuts to previous plans, bringing full-year North America spending closer to a 30% contraction and international spending to a 15% contraction.
581			_a2
773	0		_tWorld Oil _g
942			_cARTICULO
100	1		_aWest, James _955315
100	1		_aHoh, Samantha _955316
100	1		_aNuta, Alexander _955317
100	1		_aSchnier, Cameron _957311
999			_c191209 _d191209