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Global E&P spending expected to hit record US$723b next year

Barclays: Market fundamentals to favour service firms

GLOBAL oil and gas companies are likely to increase their exploration and production (E&P) spending to a record US$723 billion next year, up 6.1 per cent from US$682 billion in 2013, said Barclays Capital in its just-released Global 2014 E&P spending outlook.

"The industry is in...

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