North America will lead global energy investment this year, with companies spending $392B on...
North America will lead global energy investment this year, with companies spending $392B on upstream capital and operating expenditures in the region, according to IHS CERA. Projected 2012 capex alone is $274B, driven by the boom in oil sands, shale gas, etc., which should account for $128B of the total; total North America spending is expected to reach $528B in 2016.
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