Global oil and gas investment is expected to grow by $26 billion this year as the industry continues to recover from the worst of the coronavirus, according to new analysis from Rystad Energy. Overall oil and gas investment is forecast to climb by 4% to $628 billion this year from $602 billion in 2021. “The…
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Global Oil, Natural Gas Investments Seen Rising 4% in 2022
Global oil and gas investment is expected to grow by $26 billion this year as the industry continues to recover from the worst of the coronavirus, according to new analysis from Rystad Energy. Overall oil and gas investment is forecast to climb by 4% to $628 billion this year from $602 billion in 2021. “The…

Many LNG Export Projects ‘Not Needed’ in IEA Net-Zero Model
Many of the liquefied natural gas (LNG) export facilities already under construction or in planning will not be needed in the future if the world is to reach net zero greenhouse gas emissions by 2050, the International Energy Agency said in a bombshell report this week. The world’s oil and gas needs in a net…

United States Said ‘Most Attractive’ in Global Renewables Market
The United States has the most attractive market for renewable energy investment following the Biden Administration’s plan to transition to a lower-carbon power grid as part of the $2.25 trillion American Jobs Plan, according to rankings data from IHS Markit. The rankings put the United States in the number one spot for the period ending…

EU Firms Up Green Investment Criteria, with Natural Gas Considered Later
The European Commission on Wednesday punted the question of natural gas as an energy transition fuel down the road as it moved closer to making official criteria for what it considers a “green” investment. The College of Commissioners reached a political agreement on the European Union (EU) Taxonomy Climate Delegated Act, which aims to provide…

Biden Looking to Overhaul Nation’s Power Grid, Transit Systems in Historic Infrastructure Plan
President Biden on Wednesday asked Congress for a massive infusion of funding to overhaul the nation’s power grids and expand renewable energy as part of a landmark program designed to fight climate change and expand American jobs. The estimated $2 trillion American Jobs Plan, if enacted by a split Congress, would be the most ambitious…

Clear Rules Will Boost Mexico Energy Investor Confidence, Veteran Expert Says
“Based on my day-to-day experience dealing with clients and different actors in the energy sector, I think the main concern in the industry is that the rules established for private investment are respected,” said Graciela Álvarez Hoth, CEO of risk management and energy consultancy firm NRGI Broker, who has more than 30 years of experience…

New Midstreamer Humble to Pursue Acquisitions, Greenfield Projects with EnCap Backing
Newly formed Humble Midstream LLC said Tuesday it has secured an initial $300 million capital commitment from private equity firm EnCap Flatrock Midstream, aka EFM. “Based in Denver and formed in mid-2020, Humble Midstream is an independent energy company focused on acquiring and building midstream assets in conventional and unconventional plays across North America,” the…

Abu Dhabi Sovereign Wealth Fund Buys Major Stake in Cheniere Energy
The state-owned Abu Dhabi Investment Authority (ADIA) has acquired a 5.05% share in U.S. liquefied natural gas (LNG) exporter Cheniere Energy Inc., according to a Wednesday filing with the U.S. Securities and Exchange Commission. The sovereign wealth fund owns about 12.7 million shares of Houston-based Cheniere that are valued at about $648 million. Cheniere’s share…

BlackRock Manager Says Mexico’s Long-Term Fundamentals Remain Strong Despite Current Turmoil
Despite multiple headwinds currently facing Mexico, the long-term fundamentals underpinning the economy remain strong, according to BlackRock Inc.’s Juan Alberto Leautaud, head of Mexico Infrastructure Investment. As an infrastructure investor for the world’s largest asset manager, “I tend to think about the long-term…fundamentals of investments and assets, and in this case, a country,” Leautaud said…