Industry confidence has increased much faster than the oil price, as two-thirds of senior professionals globally plan to maintain or increase capital spending in 2018. 36% expect to increase investment in R&D and innovation - the highest level recorded in four years. Efficiency remains a priority, however, as half of professionals forecast increased cost control.
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Read the article online at: https://www.worldpipelines.com/business-news/25012018/research-forecasts-oil-and-gas-capex-and-rd-spending-boosts-in-2018/
