Chemical and Oil Companies To Slash Capex, Slowing Investment Wave

Chemical and Oil Companies to Slash Capex, Slowing Investment Wave

In the wake of the coronavirus and collapse in crude oil prices, chemical, and oil and gas, and midstream companies will all slash capital spending (capex) for growth projects to preserve cash. As a result, the U.S. and global chemical investment wave looks to slow considerably in the years ahead….

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Global Editor - ICIS Chemical Business
3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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