Lehman: Increases slight for 2003 global E&P outlays

01/13/2003
Worldwide exploration and production budgets are expected to increase by 4.2% to $132.4 billion in 2003 vs. those for 2002.E&P expenditures outside the US and Canada are expected to remain "solid" in 2003, increasing by 5.5%, while E&P spending in the US is forecast to decline by 0.7% this year (Table 1). Canada, meanwhile, will be a "relative bright spot for 2003," with E&P outlays estimated to rise 7.2%. Click here to enlarge imageThese were some of the key findings of Lehman Bros. Inc.'s semiannual E&P spending survey, which polled 323 companies worldwide during Nov. 15-Dec. 10, 2002, including privately held US and Canadian independents and numerous state-owned oil and gas firms....
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected