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Big Investments in Oil & Gas

By Manufacturing Engineering Media Staff

The oil and gas industry is set for another year of record investment.

According to recent analysis and report from IHS Global Inc. (Washington, D.C.), the recent surge in oil and gas transportation and storage infrastructure is not a short-lived phenomenon.

“We find that a sustained period of high levels of oil and gas infrastructure investment will continue through the end of the decade. The IHS analysis estimates that between $85-$90 billion of direct capital will be allocated toward oil and gas infrastructure in 2014. Between 2014 and 2020, IHS projects that an average of greater than $80 billion will be invested annually in U.S. midstream and downstream petroleum infrastructure. After 2020, IHS expects that pace of investment to curtail moderately from this sustained period of high investment, declining gradually to an infrastructure direct capital investment of just under $60 billion by 2025.”
Oil & Gas
For more information, see the report here.

Published Date : 1/10/2014

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