July 2009

Trends and Resources

HP In Brief: HPIn Brief

NOCs forge ahead with investments The world's largest national oil companies (NOCs) and super majors are planning on delivering over $375 billion o..

NOCs forge ahead with investments The world's largest national oil companies (NOCs) and super majors are planning on delivering over $375 billion of ambitious investments through the down cycle, despite ongoing concerns about the oil demand outlook, according to a new analysis from Ernst & Young (www.ey.com). The report calculates that the largest NOCs are on course to invest over $275 billion in developing their businesses at home and abroad in 2009. Almost 70% of total investment is forecast to come from NOCs in Asia and South America. "Companies are wary of finding themselves in a position where t

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