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Dahlman Rose Projects 11% Annual Increase In Global E&P Capex

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By Mike Madere
July 6, 2012

Dahlman Rose & Co.’s July 2012 survey of E&P capital expenditures is projecting an 11% annual global increase to $595 billion by year’s end. The survey, which includes responses from 463 oil and gas companies worldwide, forecasts a solid gain in international E&P spending and a moderate improvement in the United States and Canada.“Our forecast for a 12% increase in international E&P budgets is above the 9.3% increase in international spending that our survey indicated six months ago,” says James Crandell, managing director of Dahlman Rose Research, adding that the ...

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