(EnergyAsia, January 26 2010, Wednesday) — A leading energy consultant has forecast that oil companies will invest a record total of US$874 billion on global oil and gas production over the next five years, with deepwater projects claiming about US$137 billion. Speaking to an audience in Singapore yesterday, John Westwood, chairman of UK-based Douglas-Westwood Ltd,…
UPSTREAM: Consultant predicts global E&P expenditure to rise 11% to record US$490 billion in 2011
Posted on January 26, 2011 by EnergyAsia