MARKETS

Industry on the up, and up

FOLLOWING investment of just US$50 billion in 2016, the industry is witnessing a significant increase in the pace of capital approvals for new projects, with an overall spend of $110 billion in the coming year and a half, according to research from Rystad Energy. 

Ian Donabie
 $110B spend across industry in next 18 months: Rystad 

$110B spend across industry in next 18 months: Rystad 

  "Deepwater projects on either side of the Atlantic Ocean - from Norway to the US and from Angola to Brazil - are leading the charge towards new approvals.    "Higher oil prices, an improved outlook...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

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.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry