Investment in new oil and gas projects last year sank to the lowest in 15 years at $350 billion. As the world continues its battle against Covid-19 and as the energy industry increasingly looks towards diversification outside its core business, it is doubtful how soon—if ever—investments in new upstream projects will recover to pre-pandemic levels. This is not to say there is no sign of recovery in investments. Wood Mackenzie reports there are a total of 26 new projects in conventional oil and gas that could get their final investment decision this year. These projects, the Wood Mac analysts said, would require some ... (full story)