Barclays Capital: Global E&P bucks to stage comeback in 2010

摘要

Signposts point to a comeback trail for worldwide E&P spending in 2010. Barclays Capital's "The Original E&P Spending Survey" (launched in 1982) forecasts an 11% hike for 2010, a cheery figure, but one that must be weighed against the 15% worldwide decline in E&P spending in 2009. In the U.S., independents focused on shale plays head the capex upswing.