Conventional oil and gas investment remains key
Growing conventional hydrocarbon production should still be a priority as the energy transition takes shape
Investment in conventional oil and gas remains a core component and challenge in the short-to-medium term, despite the move towards a long-term lower-carbon future energy mix, delegates heard today at Petroleum Economist's 5th Annual GCC Energy Strategy Forum in Kuwait City. While renewables represent the largest growth area in new energy supply, maintaining and growing conventional hydrocarbon production to meet increasing global energy demand is essential, said Andy Brogan, Global Oil and Gas Transaction Advisory Services Leader at consultancy EY in a keynote address. And the current $430bn/yr investment is not enough to keep up with current demand trends, only matching as the minimum requ
Also in this section
20 May 2025
Petroleum Economist is proud to be an official media partner for the 9th OPEC International Seminar in Vienna
20 May 2025
Mediterranean-focused gas producer looks to replicate Israel success story and is hunting projects across the continent, with particular interest in West Africa
19 May 2025
The two Gulf states are combining fossil fuel production with ambitions to become leaders in low-carbon energy
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
