Capital expenditure on upcoming oil and gas fields worldwide will amount to US$811 billion on 615 projects planned between 2018 and 2025, data and analytics company GlobalData says. In upcoming oil fields, over the next eight years, capex in conventional oil projects will be US$352 billion, spending on heavy oil will hit US$44 billion, investment in oil sands is expected at US$43.4 billion, and capex on unconventional oil projects would be US$30 billion. In gas field investment, conventional projects will take US$363.2 billion, while spending on coal bed methane (CBM) and unconventional gas projects are expected at US$3.7 billion and US$1.6 billion, respectively, according to GlobalData. The top three countries in terms of capex in upcoming oil and gas fields through 2025 will be Brazil, the United States, and Russia. Brazil will lead the global spending with US$76.7 billion or over 9.5 percent of the total. The country has […]