Lower E&P spending ends 6-year global rally


Global spending for exploration and production is expected to decline 12% to $400 billion in 2009—"a reversal after 6 years of global growth," said analysts at Barclays Capital Resources, New York.

Send this story to:

Enter the email address of the recipient.
Separate multiple addresses with commas.

Add your own personal message:

Enter your email address:

Note: Your email address is used only to let the recipient know who sent the story, and in case of transmission error. Both your address and the recipient's address will not be used for any other purpose.