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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
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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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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.