OGJ Newsletter

10/04/2010
GENERAL INTEREST — Quick TakesCEOs see recovery in global E&P spendingA group of chief executives of oil and gas companies and service firms sees recovery in international exploration and production spending but remains cautious about the Gulf of Mexico, says Barclays Capital.In a summary of its CEO Energy Conference this month in New York, Barclays said speakers confirmed its belief that "a multiyear upcycle in international E&P spending is taking hold."Activity will remain weak during the third and possibly fourth quarters of this year in countries such as Mexico, Algeria, and Libya. But the weakness there won't last into 2011."We expect growth to be particu...
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