Concern over underinvestment in the oil and gas sector was a major source of discussion at this week’s virtual Energy Intelligence Forum. Indeed, the topic is increasingly a primary area of debate at any industry gathering at the moment (MEES, 24 September).
But while many oil producers are curtailing investment, Saudi Aramco is certainly not. Aramco’s capex is guided to rise by around 30% to $35bn this year, and the bulk of the planned increase is for the upstream (MEES, 26 March). (CONTINUED - 855 WORDS)