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Barclays Expects Global Upstream Spending to Hit $712 Billion, an Industrial Info News Alert

SUGAR LAND, TX -- (Marketwired) -- 07/24/14 -- 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).

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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