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India to increase capex by massive 33% next financial yearIndia has announced plans to increase capital expenditure by 33 per cent to Rs 10 lakh crores ($122 billion), which will account for 3.3 per cent of the GDP, in the next financial year. Presenting the 2023-24 U More… |
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ACI World reveals capital expenditure needs for recovery and growthNew Airports Council International (ACI) World forecasts for the global airport sector show that approximately $2.4 trillion in airport total capital investments will be needed to address the long-term trend in passenger demand to 2040. More… |
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Oman Oil targets capex of over $1bn in 2017State-run Oman Oil Company (OOC) is planning a capital investment in excess of $1 billion across its subsidiaries this year, a report said. Capital investments are being weighed by the Group across the four verticals into which it More… |
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LNG global capex set to reach $241bnCapital expenditure on LNG facilities has risen substantially in recent years, a report said, noting that this trend is set to continue with total expenditure expected to reach $241 billion between 2016 and 2020. “Emissions More… |
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Kuwait maintains spending pace despite low oilKuwait’s capital spending continues at a better pace than the five year average, while revenues remain pressured due to the drop in oil prices from a year ago, a report said. The interim public finance figures for the first More… |
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Global LNG capex ‘to surge 34pc to $241bn’Capital expenditure (capex) on global LNG facilities will total $241 billion between 2016 and 2020, marking an increase of 34 per cent compared to the preceding five-year period, according to a new report from Douglas-Westwood (DW). More… |
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Low oil ‘hitting Mideast business confidence’Business confidence in the Middle East is at its lowest ebb for more than five years due to the renewed fall in oil prices, according to a new global survey of accountants. Capital expenditure plans have understandably been pared More… |
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Oil and gas explorers in Africa ‘must rethink capex’Oil and gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, said an industry expert. “Oil & gas explorers More… |
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Oil and gas explorers in Africa ‘must rethink capex’Oil and gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, said an industry expert. “Oil & gas explorers More… |
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Oil prices jump 11pc as BP cuts capital expenditureOil futures rose on Tuesday, adding to gains of more than 11 per cent in the prior two sessions as BP announced a cut in capital expenditure for 2015. BP announced it would cut capital expenditure by 13 per cent to $20 billion in More… |
