‘’2017 E&P Spend To Rise For First Time In Three Years’’ - Energy Intelligence

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‘’2017 E&P Spend To Rise For First Time In Three Years’’

Following a couple of years of reduced exploration and production (E&P) investments, spending by global oil and gas companies is expected to increase by 7 percent in 2017, for the first rise in three years, according to a Barclays survey of 215 global oil and gas companies. “With OPEC putting a floor on oil prices, operators have greater confidence to drill and complete, although the early stages of the recovery will be uneven,” Reuters quoted a Barclays report as saying. North America’s oil firms will lead the recovery in…
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