piqsels
"Rystad Energy's analysis suggests that total gas and oil investment will grow by 4% this year, to $628 billion from $602 billion in 2021," Rystad writes.
A significant growth factor is the 14% increase in funding for exploration, gas production and LNG production. Experts note that investments in this segment will grow the fastest, rising to $149 billion this year from $131 billion in 2021. At the same time, the pre-pandemic level of $168 billion will not be reached until 2024.
In turn, upstream investments in oil will increase by 7% to $307 billion, while midstream and downstream investments will decrease by 6.7% to $172 billion.
Regionally, analysts point to Australia, where new field development could boost investment by 33% in 2022, and the Middle East, where financing for the sector will increase by 22%.
source: rystadenergy.com
A significant growth factor is the 14% increase in funding for exploration, gas production and LNG production. Experts note that investments in this segment will grow the fastest, rising to $149 billion this year from $131 billion in 2021. At the same time, the pre-pandemic level of $168 billion will not be reached until 2024.
In turn, upstream investments in oil will increase by 7% to $307 billion, while midstream and downstream investments will decrease by 6.7% to $172 billion.
Regionally, analysts point to Australia, where new field development could boost investment by 33% in 2022, and the Middle East, where financing for the sector will increase by 22%.
source: rystadenergy.com
