Market Outlook in Review: Will Oil & Gas Spending Increase in 2019?
Attachment: U.S. and Canada Oil & Gas Spending
SUGAR LAND--November 23, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Where is pipeline construction occurring? Why is construction in the U.S. crude storage segment increasing? What is the outlook for North American Refining activity? At Industrial Info's recent Market Outlook in Baton Rouge, Louisiana, Chris Paschall, Industrial Info's vice president of research for the Oil & Gas and Petroleum Refining industries, discussed these and other questions. Whether spending in the Oil & Gas sector will increase in the coming year is uncertain. Industrial Info tracked $86 billion in Oil & Gas projects that kicked off in 2018. While we are tracking $201 billion in project activity in the coming year, only $28.2 billion has so far been approved and is rated as having a high probability of moving forward.
