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 ...