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Report: Brazil to lead global offshore oil and gas industry with highest capital expenditure

2016-08-05 01:00:00| Offshore Technology

The global offshore oil and gas industry will be headed by Brazil, with the highest capital expenditure (capex) spending of $116.2bn from 2016 to 2025, according to a report by GlobalData. Two offshore projects, namely Libra and Itapu (Florim), are e

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