Wood Mackenzie: Twice as many new oil projects this year

The investment level in oil and gas projects will increase this year for the first time since 2014, and the number of new oil projects looks set to double this year compared to last, projects Wood Mackenzie.

Photo: Wintershall

"2017 will demonstrate how efficient the oil and gas industry has become."

This is Wood Mackenzie's conclusion in a new report in which the analyst firm points to a series of key factors shaping developments in the sector in 2017 – a year which expects the number of final investment decisions (FIDs) in new oil projects to more than double compared to last year's total of nine FIDs.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

EU Commission still has no roadmap for price ceiling

Ahead of Thursday’s long awaited meeting between EU’s energy ministers, the EU Commission still has yet to rubber-stamp any proposed solutions to the energy crisis. According to a commissioner, preparations are still underway for the meeting – and gas prices are in focus, according to documents leaked Wednesday.

Further reading

Related articles

Latest News

See all jobs