Oil, Gas Companies Set To Spend More in 2025

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 26 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 68%

Oil News

Gas,Upstream,E&P

WoodMackenzie Investments in oil and gas among the 23 biggest producers in the world are set to climb by over 60% by next year.

Producers of crude oil and natural gas will invest more in their business next year amid a stumbling transition away from hydrocarbons. The development may come as a surprise in the context of ever more transition commitments on the part of governments, but it simply proves one thing while there is demand, there will be supply.

” Consolidation may be the new way of expanding asset bases because direct spending on exploration specifically remains lower than it was a decade ago, and that spells potential trouble for reserve replacement down the line as the transition continues to falter, strengthening the long-term outlook for hydrocarbons, including coal. China’s coal imports just hit an all-time high in September and China is the country with the most wind and solar capacity, plus the biggest EV market in the world.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines