Barclays Expects Global Upstream Spending to Hit $712 Billion

SUGAR LAND--July 24, 2014--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Oil & gas producers around the world are expected to increase capital spending this year by about 6.2% to an estimated $712 billion, Barclays plc (NYSE:BCS) (New York, New York) said in its mid-year assessment of the industry's capital spending trends. The report, released June 18, projects that 2014 will be the fifth consecutive year of global exploration and production spending gains by the Oil & Gas Industry.

Within this article: Details regarding capital spending plans by oil and gas producers for 2014, including Exxon Mobil Corporation (NYSE:XOM), Royal Dutch Shell plc (NYSE:RDS-A), Anadarko Petroleum Corporation (NYSE:APC), Continental Resources Incorporated (NYSE:CLR), Apache Corporation (NYSE:APA), Devon Energy Corporation (NYSE:DVN) and EOG Resources Incorporated (NYSE:EOG).