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US Lower 48 alone sustains $150B in capex cuts to 2017 Jul 2016

US Lower 48 alone sustains $150B in capex cuts to 2017

With nearly US$1 trillion to be slashed from upstream capital spend globally out to 2020, the US Lower 48 is in a unique position, accounting for US$250 billion in cuts over the next five years, or one quarter of the global total. Unconventional operators in the Lower 48 have been particularly responsive to the oil price collapse, prompting a dramatic drop in capex spend and high-grading development to the core areas. Our US upstream research analysts look deeply into the causes, correlations and projections associated with these capex cuts in the first of our regional spending cuts series.  

Companies show interest in Mexico's deepwater acreage Jul 2016

Companies show interest in Mexico's deepwater acreage

Anticipation continues to build for Mexico's Round One deepwater phase, which closes in December. We assess the subsurface potential and risks and identify analogue fields for the blocks on offer in our latest Insight: "Mexico's Round One deepwater exploration: risks and potential rewards."