EnergyWatch

Rystad projects investment for the oil industry in 2022

The Norwegian analysts at Rystad Energy forecast a substantial surge in investments in upstream gas and LNG. In total, oil and gas investments are expected to grow to USD 628bn.

Photo: POOL New/REUTERS / X80003

From the perspective of Norwegian analyst firm Rystad Energy, the global oil and gas industry will see investments to the tune of USD 628bn in 2022.

According to a new analysis, this represents an increase of USD 26bn – or 4 percent – relative to 2021, as "the industry continues its protracted recovery from the worst of the pandemic and the hurdles imposed by the Omicron variant," notes Rystad.

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