February 2011, Vol. 238 No. 2

In The News

Capital Prompting Investment In New Technology And Talent

According to a study by BDO USA, LLP, an accounting and consulting organization, capital is flowing back into the oil and gas exploration and processing industry – more than half (56%) of CFOs report their ability to access capital and credit is either the same or better than last year. Fewer CFOs (48%) felt “lack of capital” caused delays or terminations of oil or gas exploration or processing projects during the last 12 months, a significant drop from the past two years (73% in 2009 and 80% in 2008).  “2010 was a record year for oil and gas M&A activity,” said Jim Westerman, partner in the Natural Resources Industry Practice at BDO. &#

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