SOURCE: Industrial Info Resources

Industrial Info Resources

May 30, 2013 06:15 ET

North American Oil & Gas Producers Plan Nearly $50 Billion in Project Spending, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - May 30, 2013) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Over the next 12 months, the North American Oil & Gas Production industry plans to begin work on more than 250 projects valued at nearly $50 billion, according to Industrial Info's North American Oil & Gas Project Database. One factor driving scheduled project spending is continued high prices for crude oil. Another factor is low natural gas prices, which benefit companies that want to build terminals to export liquefied natural gas (LNG).

Other companies featured: Cheniere Energy Incorporated (NYSE:LNG)

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/news/abstract.jsp?newsitemID=235630&refer=mw, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147