Spending On Extracting Oil And Gas Worldwide Will Climb

Spending On Extracting Oil And Gas Worldwide Will Climb

Susana Gonzalez/Bloomberg

Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico. Spending on extracting oil and gas worldwide will climb by 25 percent to $850 billion a year by 2035, with most of this concentrated in natural gas, according to the report.