Global upstream: 5 things to look for in 2022 Report

Insight 02 December 2021

This report is currently unavailable

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

*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.

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