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This month we focus on capital expenditure. Upstream development spend increased again in 2013, at a year-on-year rate of 5%, to around US$620 billion. When operating costs and exploration spend are added, upstream total expenditure will exceed US$1 trillion for the first time. Our outlook shows growth in US expenditure, tight oil in particular, leading the way and offsetting falls in Canadian oil sands and Australian LNG investment.
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This report includes 2 file(s)
Industry Themes November 2013 PDF - 320.21 KB 1 Pages, 0 Tables, 0 Figures
Industry Themes November 2013.pdf PDF - 1.32 MB
Description
This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.
This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.
Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.
Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
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Insight | Nov 2013
Industry Themes November 2013
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