Jan
21

Confident Oil Industry Set to Ratchet Up Spending in 2019

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  • Most executives plan to maintain or raise capex this year
  •  Companies say a skills shortage will be a hindrance to growth

After years of gloom, the oil industry’s out of its slump.

Three-quarters of senior oil and gas professionals surveyed by energy and maritime services company DNV GL AS say they are optimistic about the sector’s growth in 2019, their sunniest outlook since before the crude-price collapse in 2014. Confidence across the energy industry is now where it was in 2010, when Brent soared to $95 a barrel, about 50 percent above today’s level…

Confident Oil Industry Set to Ratchet Up Spending in 2019

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