| New report "Global Oil and Gas Capital Expenditure | | | | 2007-08. However, in 2010 capex activity is expected |
| Outlook - 2010 National Oil Companies (NOCs) to Drive | | | | to rise, driven mainly by large National Oil Companies |
| Investment" provides in-depth analysis and insights into | | | | (NOCs). GlobalData forecasts a 12% growth in the oil |
| the oil and gas sector capital expenditure outlook for | | | | and gas sector capital expenditure in 2010 and |
| 2010. The report provides a detailed analysis of the | | | | expects the total capex of the leading listed oil and |
| current and future capital expenditure position of | | | | gas companies to exceed $798 billion, driven mainly by |
| national oil companies, integrated, and independent oil | | | | the investments of NOCs. The total capital expenditure |
| and gas companies. It details Information and analysis | | | | by the listed NOCs (for which data is publicly available) |
| of capital expenditure in oil and gas segments; | | | | is expected to register a 16% growth to around $375 |
| upstream and Midstream. It also provides a detailed | | | | billion in 2010. |
| information on capital expenditure across various | | | | Scope |
| region; North America, South and Central America, | | | | The report provides in-depth analysis and insights into |
| Europe, Middle East & Africa and Asia-Pacific. | | | | oil and gas sector capital expenditure outlook for 2010. |
| The report also covers the planned oil and gas | | | | Its scope includes: |
| projects in upstream, refining, pipeline, LNG and | | | | Key findings and analysis of capital expenditure trend |
| petrochemical projects. | | | | in oil and gas sector. |
| A drop of over $100 per barrel in oil prices late last | | | | - Historic and forecast capital expenditure information |
| year to around $32 per barrel prompted many national | | | | from 2005 to 2010. |
| oil companies, which depend on oil for most of their | | | | - Information and analysis of capital expenditure in oil |
| revenue, to cut spending, delay and cancel oil and gas | | | | and gas segments; Upstream and Midstream. |
| projects. However, most NOCs have the necessary | | | | - Detailed information on break-up capital expenditure |
| financial strength to fund their capital-intensive projects | | | | by regions; North America, Asia-Pacific, South and |
| and they continued to spend in the present economic | | | | Central America, Africa and Middle East and Europe. |
| downturn. The capital expenditure of oil and gas | | | | - Information on capital expenditure by company type; |
| companies, witnessed a significant decrease in 2009, | | | | National Oil Companies, Integrated and Independents |
| after the surge in 2007-08. However, in 2010 capex | | | | companies. |
| activity is expected to rise, driven mainly by large | | | | - Details the major planned oil and gas projects in |
| National Oil Companies (NOCs). The capital | | | | upstream, refining, pipeline, (Liquified Natural Gas) LNG |
| expenditure of oil and gas companies, witnessed a | | | | and Petrochemical. |
| significant decrease in 2009, after the surge in | | | | |