Big Oil’s $45 Billion of New Projects Signal Spending Revival
- Chevron gives go-ahead to biggest investment since oil slump
- BP’s Mad Dog Phase 2, Eni’s Coral may also get the nod in 2016
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Two projects worth $45 billion announced this month show the world’s largest oil companies are regaining the confidence to make big investments, emboldened by rising crude prices and low costs that promise to trigger more expansion ahead.
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