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CAPEX Q1 2017

Despite a resurgence in U.S. shale, broad adherence to OPEC cut commitments has resulted in a relatively stable oil price. With several mega projects due for award in the near future, the remainder of the year is anticipated to witness decent project activity, slightly healthier than 2016

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CAPEX Q4 2016

While 2016 was a disappointing year, market optimism from 2017 hinges on OPEC cuts

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CAPEX Q3 2016

With the first three quarters of this year having witnessed significantly low spends, and with further delays expected, this year will likely end with the lowest capex spends seen in the GCC over the last decade

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CAPEX Q2 2016

While H1 2016 had a slow start, H2 2016 could result in higher project activity provided that oil prices continue to rise; thereby providing some much needed relief to the Energy market

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CAPEX Q1 2016

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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Office 241, 19th Floor

Platinum Tower- Seef

 P.O. Box 31005, Manama


Tel: +973 (1) 7224456

Fax: +973 (1) 7212204

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Office 3106, Jumeirah Business Centre 3

Cluster Y, Jumeirah Lakes Towers

P.O. Box 643554, Dubai

United Arab Emirates

Tel: +971 (4) 3695520

Fax: +971 (4) 3695521

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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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