Upstream work sets pace for capital spending surge

Worldwide oil and gas industry capital expenditures will increase sharply this year, especially for upstream work.High oil and gas prices are supporting the investment needed to boost worldwide production capacity. In the US and outside North America, upstream spending will grow more than 10% this year.Less money will be invested in downstream operations in the US than during 2005, though, as pipeline construction and refinery upgrades decline.OGJ estimates that in Canada spending will increase mostly on the strength of oil sands investments.Outside the US and Canada, construction of LNG facilities and petrochemical complexes will boost investment already lifted by exploration and product...

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