• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 12 hours Norway horrified as new rates make EV charging prices higher than petrol
  • 4 hours 60 mph electric mopeds
  • 2 hours US-China tech competition accelerates: on Friday 05/15 new sanctions on Huawei, on Monday 05/18 Samsung chief visits China
  • 1 hour COVID 19 May Be Less Deadly Than Flu Study Finds
  • 4 hours China to Impose Dictatorship on Hong Kong
  • 3 hours Iran's first oil tanker has arrived near Venezuela
  • 9 hours Why 2030-Isn.t-The-Magic-Year-For-Electric-Vehicles
  • 49 mins Payback Time: Republican Senators turn the tables on Democrats. The difference is the Republican investigations are legit.
  • 11 hours Monetary and Fiscal Policies in Times of Large Debt:
  • 12 hours DEFIANCE – There are More of Us Than Them
  • 11 hours Ventura County to Replace Natural Gas Generation with Battery Storage
  • 13 hours Trumpe will win next election, hands down.
  • 17 hours Let’s Try This....
Haley Zaremba

Haley Zaremba

Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the…

More Info

Is Upstream Investment Turning A Corner?

This week the International Energy Agency (IEA) released their annual World Energy Investment report (WEI), revealing that in 2016 energy investment plummeted by a staggering 12% from the previous year. In 2015, investors poured $1.9 trillion into the energy market, but in the past year investment dropped to a total of just over $1.7 trillion, a concerning prospect as global populations continue to boom, middle classes continue to expand at breakneck paces in places like India and China, and energy demand grows steadily around the world.

Most concerning is the bottoming out of upstream investment, which has plunged a staggering 44% between 2014 and 2016. The IEA is hopeful, however, about a modest rebound in 2017 after this year’s stunning 53% increase in US shale investment and healthy spending in heavy-hitting production regions like the Middle East, Russia, and Mexico. The agency predicts that thanks to this new cash flow, upstream investment will bounce back by 3% before the end of the year.

(Click to enlarge)

Shale oil and gas have exploded in the United States this year, with an extraordinary uptick in production and upstream investment, contrary to global trends. Russia is also going strong as it continues to power the rest of Europe with its massive supplies of oil and natural gas, but it’s looking like their monopoly is finally due for some competition as the U.S. rolls out its first shipments of liquefied natural gas to Europe…




Oilprice - The No. 1 Source for Oil & Energy News