Oil investments rapidly approaching peak level from 2013

Already in 2020, Rystad Energy expects new investments in oil production to reach the level from 2013. "We are seeing the beginning of a new investment cycle," the company says. The North Sea is one of the areas in question.

Photo: /ritzau/Magnus Holm

Investments in global oil production are once again showing strong growth, reports Norwegian Rystad Energy.

As early as next year, offshore investments will reach the level from 2013, which, with total investments of USD 115 billion, was one of the strongest years in the last decade. Investments peaked at USD 144 billion in 2011 and then abruptly declined to USD 23 billion in 2016.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs