Oil & Gas Project Spending Plans Still Robust, but Changes Are Expected
Attachment: Oil & Gas Kickoff Projections, 2015, Oil & Gas cancellations
SUGAR LAND--January 28, 2015--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Planned project spending on North American Oil & Gas projects remains quite robust, despite the recent collapse in crude-oil prices, according Industrial Info's North American Industrial Project Database. Many companies are adjusting their capital spending plans to prepare for the release of fourth-quarter earnings. Therefore, downward revisions to Industrial Info's data are likely. Right now, however, Industrial Info is tracking 1,279 active projects that are scheduled to kick off between March 2015 and March 2016. The total investment value of those projects is about $127 billion.
Within this article: Details on Oil & Gas project spending in North America.
Additional companies: ICF International Incorporated (NASDAQ:ICFI)
