Shell leads capex spend on new global oil and gas projects
A total new-build capital expenditure (capex) of US$846bn is expected to be spent globally on planned and announced upstream projects from 2019 to 2025.
Royal Dutch Shell Plc leads among all oil and gas companies and is expected to spend US$54.6bn on upcoming upstream projects during the forecast period, according to data and analytics company, GlobalData.
The company’s report reveals that Gazprom and Exxon Mobil Corp are the next top spenders with new-build capex of US$49.8 billion...