The global oil and gas industry is reinventing itself in search of an optimal trajectory into a sustainable future. The good news in 2017 was a return of cautious optimism across the industry. According to Barclays’ latest E&P Spending Survey, the capital expenditure of the oil and gas sector is expected to increase by as much as 7 per cent.
While it is widely believed that US shale has provided flexibility and a balancing effect to the market dynamics, its impact appears to be moderated in 2017. OPEC production cuts are slowly providing responsible pricing windows for fresh investments to look up. Read More…
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