Subscribe to RSS feedIEA predicts a surge in upstream oil and gas outlay in 2010
by
Martyn Wingrove, London
—
last modified
Jan 29, 2010 12:40 PM
UPSTREAM oil and gas spending is set to climb 11% this year as oil companies boost their investment in new developments and exploration after a lull in 2009.
Higher oil and gas prices over the past seven months, compared with the first half of 2009, have brought back some positive sentiment to energy companies, encouraging them to raise their capital expenditure this year.
According to the Paris-based International...
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