Global spending on oil and gas exploration and production should rise 5.5%
Monday, January 7, 5:17 PM Global spending on oil and gas exploration and production should rise 5.5% to $645B in 2013, Dahlman Rose’s James Crandell calculates, based on an average 2013 oil price of $89.94/bbl. and natural gas at $3.43/Mbtu. Supermajors are projected to spend 9% more Y/Y; Chevron (CVX) should spend $23.4B, up 24%, […]


