Sentence examples for exploration and development spending from inspiring English sources

Despite the slowdown, major oil companies are not significantly cutting into their exploration and development spending.

Centrica has been reducing its capital spending on exploration and development spending but says it still needs to find or buy gas if it is going to serve the needs of its 14 million residential customers.

The same report estimated that spending on exploration and development of new reserves by the 200 largest listed fossil fuel companies totalled $674bn in 2012.

The decline in spending on exploration and development has many experts worried that the United States will face another supply squeeze when economic growth -- and gas demand -- returns.

Spending on exploration and development in the United States has tripled in recent years, to $90 billion a year, according to John S. Herold, an energy consulting firm.

To keep it propped up, executives running big oil invest aggressively in finding more reserves; should they stop spending on new exploration and development, it would signal to investors that their current reserves aren't worth as much.

Apache reckons it may spend only $300 million for exploration and development in North America next year.

Officials representing some oil-importing countries complain that oil companies, including those controlled by foreign governments, have not spent enough money on new exploration and development, leading to tight supplies of oil.

Oil companies, for example, spend huge amounts of money on exploration and development.

Exploration and development for offshore gas will also continue.

Upon its formation, Pemex carried on a vigorous exploration program, sinking hundreds of exploration and development wells per year.