Oil and Gas Executives Prepare to Spend as Industry Confidence Rises
HOUSTON, TX — (Marketwire) — 01/23/12 –Oil and gas industry leaders have forecast improved performance and higher levels of capital expenditure this year, despite concerns over global economic instability, according to a new report on the future of the sector.Increased investment across the industry will focus on exploration activity, with North America emerging as the area with the greatest opportunities in 2012.Big Spenders: The outlook for the oil and gas industry in 2012 is the Economist