CAPEX Q2 2018
Improvement in crude oil prices have led to decent Q2 2018 project awards and multiple key announcements across a majority of the GCC countries in both the upstream and downstream sectors
CAPEX Q1 2018
A positive trajectory in oil prices has had a somewhat-strong correlation with project spends. With growing optimism in the market, many long-delayed projects have successfully secured FID. With Saudi Arabia and UAE continuing to lead the way in project spends, 2018 will see continued focus on the power and downstream sectors with greater activity also being seen in the alternatives space.
CAPEX Q3 2017
Improvement in oil prices this quarter has supported an increase in M&A activity and higher project spends. Additionally, there has been a shift in focus towards alternative energies and this trend is expected to continue in the future, leading the region towards adopting a more balanced approach between conventional and alternative energies
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