Tag: Oil Projects

New oil projects to double in 2017, Wood Mackenzie says

Wood Mackenzie says spending to rise to $450 billion after two years of cuts By Ron Bousso LONDON, Jan 11 (Reuters) – Oil and gas companies will increase spending in 2017 and more than double new project developments as they gain confidence that a two-year oil price slump is behind them, consultancy Wood Mackenzie said. […]