Barclays annual spending survey: North America up 3%

摘要

Despite rollercoaster volatility in oil prices,global E&P spending could rise 8% this year to an estimated $414.5 billion,according to Barclays’34th annual spending survey released in January. An analysis of about 140 companies representing almost 90% of upstream spending in North America shows the rate of spending growth in 2019 slowing to 9%,down from 18% last year,although”spending is exposed to more downside risk given the recent oil-price collapse,”which is not fully reflected in North American budgets.