Insight
The slowdown in extractive industry spending
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Report summary
Capital spending in the world’s major extractive industries has been booming since the global financial crisis. Development expenditure in upstream oil and gas and mining continued to rise in 2013, but by just 5%. Oil and gas spending slowed to around 4%, whilst bulk mining and metal mining recorded 8% and 10% increases, year-on-year. Over the next three years, we expect a plateau in capital investment as the boom dissipates, although this is from a much higher base than in 2009.
Table of contents
- Executive Summary
- Moderation in the pace of growth
- US unconventionals to the fore in oil and gas>
- Iron ore and copper spend peaked in 2013
- Cost inflation slowing in some countries
-
The corporate leaders
- Upstream oil and gas
- Mining
- The pace may be slowing, but spending will remain high
Tables and charts
This report includes 4 images and tables including:
- Actual and planned extractive industry capital spending*, 2009-2015
- Top ten* countries by extractive industry development spending (US$ billion), 2010-2015
- Planned extractive industry development expenditure* in 2014
- High level trends in upstream capital cost inflation
What's included
This report contains:
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