20 April 2024
E&P gets more bucks for more bang
Publication date: 10 December 1997
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
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Higher gas prices are persuading more companies to increase outlays on exploration and production, according to a survey by Salomon Brothers. The investment bankers found that 47% of the companies in the worldwide survey were planning to raise budgets for 1994. However, almost as many companies, 4visual_editor%, are holding next year's budgets at previous levels and 11% are still cutting back.