Oil and Gas Capital Expenditure to Rise in 2010 after a Plunge in 2009

Summary

GlobalData's new report - "Oil and Gas Capital Expenditure to Rise in 2010 after a Plunge in 2009", explores this key segment within the energy industry.
Capital expenditure of oil and gas companies after surging from 2007 to 2008 witnessed a significant decrease in 2009. However, in 2010 capex activity is expected to go up, driven mainly by large national oil companies. With oil prices starting to stabilize at $65-75/bbl level and as the economic intervention by governments across the globe takes effect, oil and gas companies are expected to increase investments in 2010. However, the plans of 2010 and beyond are largely dependent on commodity prices, commodities’ demand-supply and reduced costs of oil services.

Scope

- Insights into the oil and gas industry
- Analysis of the key recent trends and factors driving the growth of the market in the short term
- Review of trends in capital expenditure in the oil and gas market

Reasons to buy

- Develop business strategies with the help of specific insights from GlobalData on key events within the oil and gas industry.
- Gain a strong understanding and analyze major trends in the global oil and gas industry today
- Identify growth opportunities within the oil and gas industry

Table Of Contents

Table Of Contents

1 Table of Contents 2
1.1 List of Figures 4
2 GlobalData Viewpoint 5
2.1 Summary 5
3 Capital Expenditure to Rise in 2010 after a Plunge in 2009 6
3.1 EandP Spending Expected to Decline By 16.6% in 2009 6
3.2 International Oil Companies Have Reduced Their Spend, While National Oil Companies Continue to Invest 9
3.3 Oil and Gas Capital Expenditure To Rebound In 2010 10
3.4 Downside Risk to 2010 Capital Spending Plans 11
4 Recent Developments 12
4.1 Sep 14, 2009: Sasol Reports Profit Of ZAR13.7 Billion In Fiscal 2009 12
4.2 Aug 31, 2009: Exceed Energy Reports Oil And Gas Revenue Of CAD454,393 In Q2 2009 15
4.3 Aug 28, 2009: LUKOIL Reports Net Income Of $3.4 Billion In H1 2009 16
4.4 Aug 27, 2009: Action Energy Reports Oil And Natural Gas Sales Of CAD3.5 Million In Q2 2009 17
4.5 Aug 21, 2009: Sharon Energy Reports Total Revenues Of $284,000 In Q1 Fiscal 2010 18
4.6 Aug 19, 2009: DNO International Reports Total Operating Revenues Of NOK358.7 Million In Q2 2009 19
4.7 Aug 14, 2009: Petrobras Reports Net Income Of BRL7.7 Billion In Q2 2009 20
4.8 Aug 14, 2009: Candax Energy Reports Revenues Of CAD10.4 Million In Q2 2009 20
4.9 Aug 13, 2009: Iteration Energy Reports Revenues Of CAD44.9 Million In Q2 2009 21
4.10 Aug 12, 2009: Zargon Energy Reports Total Revenues Of CAD23.6 Million In Q2 2009 23
4.11 Aug 12, 2009: Seitel Reports Revenues Of $22.4 Million In Q2 2009 25
4.12 Aug 12, 2009: Rock Energy Reports Revenues Of CAD11.6 Million In Q2 2009 26
4.13 Aug 10, 2009: VAALCO Energy Reports Revenues Of $32.1 Million In Q2 2009 28
4.14 Aug 07, 2009: Cimarex Energy Reports Net Income Of $38.8 Million In Q2 2009 29
5 Appendix 31
5.1 Methodology 31
5.2 Contact Us 33
5.3 About GlobalData 33
5.4 Disclaimer 33
List of Tables


List of Figures

1.1 List of Figures
Figure 1: Oil and Gas Sector, Capital Expenditure Split by Company Type, $ Billion, 2009 8
Figure 2: Oil and Gas, Capital Expenditure and Growth, $ Billion, 2009 9
Figure 3: Oil and Gas Sector, Capital Expenditure Split by Company Type, $ Billion, 2006-10 10
Figure 4: GlobalData Methodology 31

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