Conventional oil and gas investment remains key
Growing conventional hydrocarbon production should still be a priority as the energy transition takes shape
Investment in conventional oil and gas remains a core component and challenge in the short-to-medium term, despite the move towards a long-term lower-carbon future energy mix, delegates heard today at Petroleum Economist's 5th Annual GCC Energy Strategy Forum in Kuwait City. While renewables represent the largest growth area in new energy supply, maintaining and growing conventional hydrocarbon production to meet increasing global energy demand is essential, said Andy Brogan, Global Oil and Gas Transaction Advisory Services Leader at consultancy EY in a keynote address. And the current $430bn/yr investment is not enough to keep up with current demand trends, only matching as the minimum requ
Also in this section
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
