The majority of operators have stated that they are planning to operate within free cash flow to fund their future capital expenditures
capex
Posted inProducts & Services
Renewables spending set for new record in 2021, luring service suppliers as oil and gas gap narrows
Renewables capex, which equals purchases from supply firms, is set for another record year, picking up where last year left off, when spending hit $224 billion
Posted inDRILLING & PRODUCTION
SPC approves ADNOC’s $122 billion capex for 2021-2025
ADNOC is aiming to drive $43.6 billion back into the UAE economy in that time
Posted inExploration
Global E&P capex to reach 13-year low in 2020: Rystad Energy
Global capex for exploration and production is expected to drop by up to $100 billion
Posted inExploration
OFS companies prepare as price war could cut $250 billion off E&P budgets
Rystad Energy says that the total capital and operation expenditure of upstream companies could be cut by $100 billion in 2020 and another $150 billion in 2021
Posted inDRILLING & PRODUCTION
$210bn to be spent on offshore oilfield services in 2019
Rystad Energy found that there will be an uptick in offshore projects in the coming year, with increasing offshore capex. Approximately 30% of 2019 project value sits in Middle East.
Posted inExploration
Nigeria and Mozambique dominate capex outlook in sub-Saharan Africa to 2025: GlobalData
Leading data and analytics company sees tens of billions of dollars of capex routed to the region.
Posted inNews
Multi-Port Flow selection optimizes well testing
Emerson reveals the benefits of multiport flow selectors
Posted inProducts & Services
Global oil & gas capex breaks $1 trillion barrier
GlobalData says total oil and gas capex will increase by 13.4% in 2012
Posted inIN PICTURES
Review: Top Ten Middle East CAPEX Facts In 2010
Contax Partners’ digest of the 10 facts behind the trends of last year