CERA: Oil, gas firm spending slowed by market volatility

CERA: Oil, gas firm spending slowed by market volatilityIn spite of current high oil and natural gas prices, oil and gas companies are expecting a period of high market volatility and therefore are keeping a close watch on future spending in the coming year, according to a new study, "Harnessing the Storm," presented at a Feb. 11 panel during Cambridge Energy Research Associates' annual week-long energy conference in Houston.The study, which was in collaboration with management consultants Accenture polled 16 companies operating across the energy value chain, pointed out four constraints for oil and gas companies through 2010:Competing growth targets. Limited availability of critical ...

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