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Our E&P special-I: Bottom has been reached and the way out is up from here
Apr 26: Latest global E&P capex projections show that the bottom was reached in 2016 and there is a reasonable quantum of uptick seen in the current year.
8The capex push is almost entirely coming from the US but the sharp fall in E&P expenditure has been arrested in the rest of the world as well
8Total capex had fallen from around $ 670 billion to around $ 410 billion in 2016 and it is expected to be around $ 460 billion in 2017, and going upwards, albeit steadily in 2018 and 2019
8What is more encouraging, the slump in Final Investment Decision (FID) is ending and E&P FIDs are likely to more than double in the current year or even treble in a high case scenario in relation to 2015 to 2016
8And that is very good news indeed
8Find out the full data on E&P FIDs planned in 2017 onwards to 2024.
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