Global Oil and Gas Capital Expenditure Outlook - 2010: National Oil Companies (NOCs) to Drive Investment
Global Oil and Gas Capital Expenditure Outlook - 2010: National Oil Companies (NOCs) to Drive Investment | ||
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SummaryGlobal Oil and Gas Capital Expenditure Outlook - 2010 National Oil Companies (NOCs) to Drive Investment provides in-depth analysis and insights into the oil and gas sector capital expenditure outlook for 2010. The report provides a detailed analysis of the current and future capital expenditure position of national oil companies, integrated, and independent oil and gas companies. It details Information and analysis of capital expenditure in oil and gas segments; upstream and Midstream. It also provides a detailed information on capital expenditure across various region; North America, South and Central America, Europe, Middle East & Africa and Asia-Pacific. The report also covers the planned oil and gas projects in upstream, refining, pipeline, LNG and petrochemical projects. A drop of over $100 per barrel in oil prices late last year to around $32 per barrel prompted many national oil companies, which depend on oil for most of their revenue, to cut spending, delay and cancel oil and gas projects. However, most NOCs have the necessary financial strength to fund their capital-intensive projects and they continued to spend in the present economic downturn. The capital expenditure of oil and gas companies, witnessed a significant decrease in 2009, after the surge in 2007–08. However, in 2010 capex activity is expected to rise, driven mainly by large National Oil Companies (NOCs). The capital expenditure of oil and gas companies, witnessed a significant decrease in 2009, after the surge in 2007–08. However, in 2010 capex activity is expected to rise, driven mainly by large National Oil Companies (NOCs). GlobalData forecasts a 12% growth in the oil and gas sector capital expenditure in 2010 and expects the total capex of the leading listed oil and gas companies to exceed $798 billion, driven mainly by the investments of NOCs. The total capital expenditure by the listed NOCs (for which data is publicly available) is expected to register a 16% growth to around $375 billion in 2010. | ||
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Date PublishedJanuary, 2010 | ||
Format / PagesPDF / 74 pages | ||



