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Natural gas to play pivotal role for next 50 years: Al Jaber
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Natural gas to play pivotal role for next 50 years: Al Jaber
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Natural gas to power UAE s economic growth in next 50 years: Dr Sultan Al Jaber
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How Adnoc Drilling is unlocking the UAE s hydrocarbon resources in service of the nation
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Home / Oil & Energy / Oil & Companies News / An early flurry of final investment decisions kicks off more promising year for upstream oil and gas across EMEA, says GlobalData
An early flurry of final investment decisions kicks off more promising year for upstream oil and gas across EMEA, says GlobalData
With delays and COVID-19 restrictions hampering oil and gas project timelines in 2020, 2021 is forecast to see a bump in both field starts and final investment decisions across the Europe, Middle East and Africa (EMEA) region, says GlobalData, a leading data and analytics company.
Daniel Rogers, Senior Oil and Gas Analyst at GlobalData, comments: “A strong start to 2021 has resulted in a number of project approvals across EMEA so far, including the giant US$30bn North Field East development in Qatar, which could well be the largest upstream project sanctioned globally this year. 2021 has provided a ray of optimism for the sector so far as 2020 experienced multi-year lows for proj