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Oil News
Energy executives still optimistic despite political and cost concerns
DNV said that 73 percent of senior energy professionals expressed confidence about the industry’s growth trajectory for 2024, a figure that has held steady at around 74 percent since 2022. Still, political uncertainty was a key cause for concern among the ~1,300 professionals questioned for its annual Industry Insight survey.
Upstream FIDs to grow this year with focus on deepwater projects
Up to 30 upstream projects larger than 50 million of barrels of oil equivalent (boe) could reach FID in 2024, up from 24 last year, according to Wood Mackenzie’s Class of 2024: benchmarking this year’s upstream FIDs report.