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Oil and Gas Company Margins Are Squeezed, Profitability Weakens, IHS Says

Posted November 03, 2014 4:45 PM

From IHS Engineering360: Engineering News & Analysis - Latest News Articles:

Despite a record year of capital investment totaling more than $720 billion in 2013, which represented an 18% increase above 2012 investments, companies operating in the global upstream energy industry saw their margins squeezed even tighter than in 2012, as costs continued to escalate rapidly.

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