Insight
Global upstream: 5 things to look for in 2022
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The oil and gas sector will continue its bounceback in 2022, with another year of record cash flows. But the positive outlook is tempered by concerns about the future. The upstream industry must respond to the implications of the pledges made at COP26. Resource-rich governments must consider their role and set a course for the industry to follow. What are the themes to look out for heading into 2022? Record cash flows under increasing scrutiny; oil and gas reinvestment rates remaining critical; operators walking the walk on Scope 1 and 2 decarbonisation; cracks in a fragile service sector widening; and explorers keeping options open for the energy transition.
Table of contents
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Executive Summary
- 1. Peak uncertainty: record cash flows under increasing scrutiny
- 2. Oil and gas reinvestment rates critical to meeting demand
- 3. Walking the walk on Scope 1 and 2 decarbonisation
- 4. Cracks in an already fragile service sector could widen
- 5. Explorers keeping options open for the energy transition
- What to look for in 2022 – a regional upstream series
Tables and charts
This report includes the following images and tables:
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Glasgow Financial Alliance for Net Zero* to finance the energy transitionMajor upstream project sanctions 2012-2023Global upstream oil and gas reinvestment ratesTop 10 upstream methane emitters 2022-2030Seven pillars of exploration success
What's included
This report contains:
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