An Uplift in Upstream CAPEX is becoming a reality

After a decade dominated by the energy transition narrative, upstream Oil & Gas investment is back on the agenda.

While demand growth may moderate beyond 2035, oil and gas is still expected to supply more than half of the world’s energy mix for decades to come.

Recognising this, industry forecasts now point to a significant uplift in Upstream CAPEX.

In the first article extract from Integrated 17, John Harris (Harry) discusses the dilemma facing the energy industry and the energy insurance market.