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CAPEX Q1 2016 (4)

Amidst market slowdown, Q1 2016 has started slowly with only USD 12.8bn worth of project spends. With little likelihood of a significant rise in crude oil prices in the near future, 2016 will certainly prove to be a challenging year for oil companies

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CAPEX Q4 2015

With oil prices sinking to new lows of USD 30/bbl and GCC countries implementing new reforms, project owners in the region are expected to face another challenging year

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CAPEX Q3 2015

Q3 2015 experiences c.USD 26bn project spends despite market uncertainty. With project owners facing numerous hurdles, Q4 could prove to be a challenging quarter

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CAPEX Q2 2015

Q2 2015 witnessed a c.67% drop in project awards from Q1 2015 due to multiple Mega Tier 1 project postponements. These projects have been pushed to the latter half of the year, and thus, H2 2015 remains slightly optimistic

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CAPEX Q1 2015

Despite the slow progression of projects, 2015 is still expecting to see the award of multiple Mega Tier 1 projects

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  1. CAPEX Q4 2014


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Since our establishment in 1985, Contax Partners has been the advisor of choice for companies operating within the constantly evolving Middle East, Russia and Africa energy sector. Having operated in the energy market for over 30 years, we have a track record of empowering our clients to win business. Contax Partners is well placed to understand the challenges, and what impact these can have on your growth plans for the Middle East, Russia and Africa. 

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