The document discusses global capex trends in the oil and gas industry, highlighting significant reductions in capital expenditures (capex) for 2015 compared to 2014. It notes that these cuts are primarily due to major project deferrals rather than reductions in maintenance spending, which will impact production growth later in the decade but not immediately. The document also provides a survey of capex trends across 50 global oil and gas producers, noting an average cut of 20% in 2015. It highlights that capex cuts are largest in the US and among independent E&Ps, while global IOCs have more moderate cuts. The document mentions specific companies like XOM, CVX, COP, BP, RDS, TOT, ENI, STO, and Petrobras, discussing their capex strategies and production forecasts.
documents/vol00010-efta01367334-pdf.pdf
{"key_people":["Alexander Burgansky"],"document_date":"2015-05-31","document_type":"other","key_locations":["US","Russia","Brazil"],"key_organizations":["Deutsche Bank Securities Inc.","XOM","CVX","COP","BP","RDS","TOT","ENI","STO","Petrobras"]}