OEF Rapid Review Articles
According to Wood Mackenzie, final investment decisions are expected to double globally in 2017, rising to more than twenty in 2017 compared with just nine in 2016, while exploration and production spending will increase for the first time since 2014. Woodmac sees confidence beginning to return to the industry, with E&P spending up 3% to $450 billion and with costs expected to decline marginally. US Lower 48 spending is set to rise 23% to $61 billion, with upside if oil prices rise markedly and US independents are emboldened by a Trump presidency.
LINK TO THE SOURCE ARTICLE:
Woodmac: Global Upstream Projects To Double In 2017
LINK TO THE SOURCE ARTICLE:
Woodmac: Global Upstream Projects To Double In 2017