EXPLORATION

Report says energy transition delays would need significant new oil and gas investment

Likely to also lead to major hike in petroleum prices

Energy industry analysts Wood Mackenzie forecasts delays in energy transition scenario would require a 30% spending increase by the oil and gas upstream sector. | Credits: ENB

A new report from energy industry analysts Wood Mackenzie forecasts that any delays in energy transition scenario would require a 30% spending increase by the oil and gas upstream sector to meet demand....

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.