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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
ENERGY
Rystad Energy forecast the global market for oil and gas contractors to peak at $1 trillion in 2025 and remain high for several years thereafter.
- The increase is supported by strong growth in midstream to liquefy, transport, and re-gasify natural gas.
- They project that that last year was a turning point with the post-pandemic recovery, record high gas prices and strong oil prices, allowing oil and gas companies to lift investments by 20%.
- “All signs point towards 2022 being the start of another super cycle for the energy services sector”. said Audun Martinsen, partner and head of energy service research.
- 2023 looks promising with potential for 13% growth for oil and gas investments and 10% for low-carbon investments.
- Average spending in 2022- 2028 is projected to be above $920 billion annually. There is risk of another downturn cycle in oil and gas after 2025 but this should be balanced by branching out to other parts of the wider energy market.
Source: Rystad Energy
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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