International

摘要

Increased activity in the exploration and production sector will be the primary driver in pushing oil and gas capital expenditure to an enormous $1,039 billion for 2012, according to GlobalData. The total oil and gas capex will increase by 13.4% this year over the 2011 total of $916 billion, as oil companies intensify upstream operations across locations as diverse as offshore Brazil, the Gulf of Mexico and the Arctic Circle.