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The seven most advanced developments are expected to see production increases of 43% in 2017.
The deepwater industry has emerged from the downturn leaner and more competitive with US tight oil
Those hoping that recent oil-price weakness will prompt US producers to pull back drilling activity and ease the glut of oil supply may need to keep waiting.
Alan Gelder, Vice President of Refining, Chemicals & Oil Markets, believes that North America has the opportunity to take a much bigger role in the future global bunker market.
Gas demand may be nearing a new peak due to stringent fuel efficiency standards and shifting demographics.
The 0.5 wt% sulphur cap for bunker fuels could have far-reaching repercussions
According to research by Wood Mackenzie, the APAC upstream sector holds considerable value as the majors divest mature and mid-life assets in the region.
Wood Mackenzie expects a modest recovery due to the improving oil price.
Egypt's fortunes look set to change after five years of falling production and switching from a net exporter to a net importer.
Confidence will return to the sector in 2017, with exploration and production spend to rise by 3% to US$450 billion.
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