Upstream spending boost needed: Wood Mac

NEW Wood Mackenzie research reveals that global oil and gas development spending must increase by 20% to meet future demand growth and sustain business into the next decade.

Upstream spending boost needed: Wood Mac Upstream spending boost needed: Wood Mac Upstream spending boost needed: Wood Mac Upstream spending boost needed: Wood Mac Upstream spending boost needed: Wood Mac
 
The research showed that recovery of the upstream oil and gas sector is happening much slower than in previous cycles.