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Accenture’s latest energy industry trends review examines key global trends affecting the energy sector in the current economic climate.
Continued concerns around the economic situation have led some analysts to revise demand growth down for 2012 compared to 2011. However, we are also seeing the industry move into a significant growth phase with oil companies projecting increased capital expenditure in 2012 as they pursue new opportunities. For upstream, this is likely to have positive implications for various sectors including oil field services, particularly in key geographies such as the United States.
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March 7, 2012