Name: Global upstream: 5 things to look for in 2022
Brand: Wood Mackenzie
SKU: 139471
Price: 1350 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Insight 02 December 2021

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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.

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