Sentences with phrase «global exploration spend»

SNL Metals and Mining, a global provider of mining information and analysis, has reported that global exploration spend declined by 26 % in 2014, while exploration budgets nosedived to USD 11.4 billion from USD 22 billion in 2012.

To weather the low - price environment, global exploration spending has been slashed for two consecutive years.

Indications are that global exploration spending is now beginning to recover, in line with the Australian experience, though it appears to have outstripped the relatively muted rise in exploration expenditure in Australia to date.

Not exact matches

Data from sources such as the Metals Economics Group (MEG) in Canada and Price Water house Coopers suggest that global spending on exploration has been relatively weak in recent years, following a sharp fall in the late 1990s.

The onset of the global recession in the fall of 2008 and the resulting decrease in worldwide demand for hydrocarbons caused many oil and natural gas companies to curtail capital spending for exploration and development.

Global spending on exploration, from seismic studies to actual drilling, has been cut to $ 40 billion this year from about $ 100 billion in 2014, said Andrew Latham, Wood Mackenzie's vice president for global exploratiGlobal spending on exploration, from seismic studies to actual drilling, has been cut to $ 40 billion this year from about $ 100 billion in 2014, said Andrew Latham, Wood Mackenzie's vice president for global exploratiglobal exploration....