NEW YORK, Jan. 10, 2017 /PRNewswire/ -- Summary
Global oil and gas production is expected to increase about 1.5% over the next four years. The persistently low crude prices continue to constrict capital spending on the planned oil and gas projects. Additionally the postponement of the planned projects is on the rise globally. The average capex spending is expected to decrease close to 35% over the next four years. Globally, the number of project developments during the 2016 to 2020 period is highest in South America, followed by Asia.
- Global oil and gas production outlook by region for the period 2016 to 2020
- Key economic metrics for the global upstream industry by major regions and companies
- Global liquids and natural gas production outlook by region for the period 2016 to 2020
- Global capex spending outlook on the planned projects by key regions and companies
Reasons to buy
- Identify opportunities and challenges in the global upstream industry
- Facilitate decision making on the basis of strong outlook of the planned oil and gas production
- Develop business strategies with the help of specific insights on the global production and capex outlook
- Assess your competitor's capex and key economic metrics
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/monthly-global-upstream-review-october-2016---planned-project-postponements-on-the-rise-300388845.html