Oilies spending big bucks

AUSTRALIA is leading the charge in upstream investment, with new project approvals and major gas developments expected to grow capital expenditure threefold by 2013, according to the latest report from Wood Mackenzie.

12 November 2010
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The report "On the rebound - global upstream spending returns to growth" indicates confidence has returned to the global upstream industry, with capital spending expected to exceed $US380 billion

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