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DNV GL - Oil & Gas Augsburger Str. 9 86157 Augsburg, Germany http://www.dnvgl.com/
Contact Mr Rob Coveney +44 7795 621804
Company logo of DNV GL - Oil & Gas
DNV GL - Oil & Gas

Oil & Gas Industry To Keep A Tighter Rein On Capital Expenditure In 2014

New report reveals optimism in the sector but caution over rising costs and oil prices

(PresseBox) (Augsburg, )
Amid a positive outlook for the industry in 2014, senior oil and gas professionals have forecast tighter monitoring of capital expenditure (capex) this year, according to new research published today by DNV GL, the leading technical advisor to the oil and gas industry. While nine in 10 (88%) respondents to the research are confident about the sector, concerns over rising operational costs, a shortage of skilled professionals and competition from international rivals are causing professionals to focus spending on the projects that will provide the greatest return on investment.

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