Stay Connected

Global E&P investments for 2007 remain flat, study finds

09/15/2008
Oil and gas companies’ 2007 global investment for exploration and development projects totaled $402 billion—unchanged from 2006, said the latest annual upstream performance review by IHS Herold Inc. and Harrison Lovegrove & Co. Ltd.Capital spending varied greatly by region. Lower levels of investment in Canada and the US last year were offset by gains in regional spending elsewhere.Rising royalty rates in Alberta and new royalty trust legislation contributed to lower overall upstream investments in Canada by more than 25%, analysts said. Conventional oil and gas spending in Canada plunged by nearly $30 billion from 2006.In the US, substantially lower acquisition activity c...
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.