European Oil and Gas Companies Planned Projects and Capital Expenditure: Robust Competition Between Spenders to Increase Consumer Base to Boost Growth
Equinor ASA, Gaz-System SA, and Snam S.p.A. are the top three spenders among all oil and gas companies in Europe, in terms of new build capex to be spent on planned and announced projects across the oil and gas value chain by 2025. In the upstream sector, Equinor ASA leads among companies with the highest capex of US$11.9 billion during 2018 to 2025. Gaz-System SA will be the major spender in midstream sector, primarily focusing on oil and gas pipelines....
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