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Global oil and gas investment to grow significantly in 2022

 Last Update: 2022-02-18
 Source: Internet
 Author: User

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Recently, Rystad Energy released its 2022 global oil and gas investment forecast, showing that global oil and gas investment will increase by 4% to $628 billion in 2022 from $602 billion in 2021

Rystad Energy expects upstream oil investment to rise to $307 billion this year from $287 billion in 2021, while midstream and downstream investment will fall 6.

By region, Australia and the Middle East will be the strongest performers, with Australian investment rising 33% due to the development of multiple new gas projects

In terms of offshore oilfield projects, about 80 pipeline projects will be approved worldwide in 2022, with a total investment of about US$85 billion

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