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.

Pursuant to Gazprom’s approved budget (financial plan), the overall amount of investments in 2017 will stand at RUB 910.67 billion, with RUB 625.455 billion intended for construction projects, RUB 0.125 billion for the acquisition of non-current assets, and RUB 285.09 billion for long-term financial investments.

Chevron Corporation (NYSE:CVX) today announced a $19.8 billion capital and exploratory investment program for 2017. Included in the 2017 program are $4.7 billion of planned affiliate expenditures.

China’s investment is transforming its smaller Southeast Asian neighbors like never before while helping turn Cambodia, Laos and Myanmar into bigger destinations for its exports.

India is expected to see investment to the tune of $20bn in next five to seven years in development of gas fields, country’s oil minister Dharmendra Pradhan said at an event in New Delhi.

Oil companies around the world have together added $630 billion to their market value this year, the biggest gain in six years following a 30 percent rise in benchmark Brent crude. This follows a $1.2 trillion loss in value last year and $790 billion in 2014 as crude prices plunged.

“Security and access to funding are the biggest challenges right now to private sector players,” says Kola Karim, managing director of domestic producer Shoreline Energy. “The situation is really tough.”

Managing Director of Pergas Consortium Colin Rowley says his consortium is ready to invest in Iranian petroleum industry, train workforce and transfer technology.

Iranian oil and gas sectors are very much attractive to foreign investors because of low cast of production, a senior expert said on Monday.

A senior official at the National Iranian Oil Company (NIOC) said on Friday that the country has signed three memoranda of understanding (MoU's) with three leading Russian oil companies for bilateral cooperation.