The world's pipeline of new conventional oil projects remains robust despite growing scrutiny over new upstream oil investments and a focus on less carbon-intensive crudes. Oil projects being tracked by S&P Global Commodity Insights are set to provide almost 6.5 million b/d of new peak capacity by 2030.
Receive daily email alerts, subscriber notes & personalize your experience.Register Now
Read more about it: Tepid upstream spending recovery in 2022 fuels future supply crunch fears
The following is a snapshot of the world's major non-OPEC upstream oil projects under development that are needed to replace declining output from mature fields and bolster non-OPEC supply growth.