U.S. shale companies to boost spending as banks loosen purse strings
December 28, 2016
Source: Swetha Gopinath Department: Reuters Africa Dec 28 (Reuters) – U.S. shale drillers are set to ramp up spending on exploration and production next year as recovering oil prices prompt banks to extend credit lines for the first time in two years. The credit increase is small, but with major oil producers worldwide aiming to …