New spenders set to shake up oil sector

“The upward trend in regional spending is reflected in the number of megaprojects with a value above $10bn.

” Four years on from the precipitous decline in the oil price in late 2014, a look at the active and planned project work in the oil and gas sector suggests that a shift is under way in regional spending patterns. There are currently $211bn-worth of oil, gas and petrochemicals projects under execution in the region, while a comparable $242bn-worth of projects are…”

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