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Energy sector needs massive investment

DESPITE concerns about underinvestment in upstream, peak oil and gas – it has been estimated demand can be met in the 2030s without a substantial increase to current annual investment levels of US$500 billion, according to a new report from global energy research firm Wood Mackenzie.

Colin Hay
 Woodmac rig

Woodmac rig

Current upstream spending is a little more than half of the US$914 billion 2014 peak, according to the report "Enough is Enough? Debunking the myth of upstream investment." Wood Mackenzie says this apparent...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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