Globally, the total crude and condensate production from announced and planned global offshore projects is expected to be around 8.1 mmbbl per day of crude and about 47.3 bcf per day of natural gas by 2025, according to GlobalData, a leading data and analytics company offshore oil 18The global top three countries in terms of highest capex will be Brazil, Mozambique and the US respectively. The company’s latest report, “Q2 2018 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Global Offshore Industry – Brazil Leads in Planned Projects Count,’’ also reveals that a proposed ... (full story)