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<\/a><\/p>\nThe event brought together energy sector companies and experts to discuss and showcase the latest innovations in energy and the energy transition. As is typical at this event, the conversations and debates focused on the need to increase investment to maintain, improve, and increase oil and gas production<\/strong>.<\/p>\n Over time, the supply of oil and natural gas from producing wells naturally declines, requiring investment in new and existing fields to meet demand under all possible future scenarios. Technology is presented as a key factor in improving the recovery of both new and existing fields<\/strong>, a commitment sustained by the anticipated continued strong demand.<\/p>\n Thus, ExxonMobil’s forecasts<\/a><\/strong> indicate that oil demand will reach approximately 105 million barrels per day in 2050, compared to around 100 million barrels per day in 2024. Oil demand would range from around 65 million barrels per day in 2050, according to the most conservative scenarios\u2014approximately two-thirds of current consumption\u2014to 120 million barrels per day, 20% higher than the current level.<\/p>\n The challenge is significant. According to these projections from Exxon Mobil, if no new investments are made<\/strong>, and all investment is halted immediately, while maintaining maximum production from each well, the world will face a deficit of approximately 70 million barrels per day by 2030, \u201cwhich would likely trigger a massive supply shortage, soaring prices, and unemployment <\/strong>exceeding the levels of the Great Depression of the 1930s.\u201d<\/p>\n Something similar to the situation with oil is occurring with gas, which also requires substantial new supplies of natural gas to meet continued demand growth.<\/p>\n The conclusion is that sustained investment in the exploration and development of new resources is required to bridge the gap between projected global oil and gas supply and demand through 2050.<\/p>\n The report forecasts that North America will remain the largest producer of natural gas, supplying both domestic demand and a growing export market. Meanwhile, the Middle East will experience the greatest production growth<\/strong>, also supplying the growing domestic demand and export markets, while the significant growth in demand in Asia Pacific will be met mainly with imported gas. Europe is also expected to continue relying on natural gas imports<\/strong> to provide the affordable energy needed to support industrial and commercial sectors.<\/p>\n According to Deloitte<\/a><\/strong>, by 2026, US oil and gas companies will face policy changes, rising costs, and new opportunities in LNG<\/strong> and digital transformation, requiring agility and discipline to sustain growth.<\/p>\n Between 1970 and 2008, US oil production declined by nearly 50%, from approximately 10 billion barrels per day (bpd) to approximately 5 bpd, reaching levels comparable to those of 1950. However, this downward trend in US oil production was quickly reversed thanks to technological advancements, including innovative applications of hydraulic fracturing and horizontal drilling<\/strong>, enabling the US to achieve record oil production (above 10 bpd) every year from 2017 to the present.<\/p>\n In its report, Deloitte reveals that while the country’s macroeconomic, geopolitical, and energy landscape underwent unexpected changes in 2025, oil and gas companies demonstrated remarkable resilience, albeit at the cost of slower production growth and tighter margins. These challenges were mitigated by the strategic adoption of technology and a focus on customers and core operations.<\/p>\n In 2026, this resilience will likely continue to be tested, as changes in US energy and trade policies are expected to generate significant transformations across the sector. In this context, companies will need to manage potential tariff-related cost increases by strengthening supply chains, restructuring the downstream sector, and expanding LNG production, among other measures.The report indicates that growth will be moderate, as US natural gas and liquefied natural gas (LNG) companies are likely to increase capital expenditures and expand their shale fields, driven by growing demand from data centers and favorable LNG export policies. However, US oil companies may remain cautious, awaiting a structural shift in global supply and demand fundamentals before increasing their investments.<\/p>\n The report indicates that growth will be moderate, as US natural gas and liquefied natural gas (LNG) companies are likely to increase capital expenditures and expand their shale fields, driven by growing demand from data centers and favorable LNG export policies. However, US oil companies may remain cautious, awaiting a structural shift in global supply and demand fundamentals before increasing their investments.<\/p>\n Norway anticipates nearly $23 billion in investments in oil and gas production next year<\/a><\/strong>. Statistics Norway, the Norwegian statistical office, has revealed a significant increase in its oil and gas spending estimate for 2026<\/strong>, which is now projected to reach 230 billion Norwegian kroner (approximately $22.55 billion), thanks to higher price estimates in the production drilling segment.<\/p>\n According to Statistics Norway, total investments in oil and gas activities in 2026, including pipeline transportation, are expected to reach 230 billion Norwegian kroner next year, representing an 11% increase compared to the previous quarter’s estimate. The company points out that oil companies’ investment estimates for 2026 are 4.5% lower than the corresponding estimate for 2025, due to the reduction in investment plans for field development.<\/p>\n The Norwegian Directorate of Marine Resources (NOD) warned in 2024 that more than $1.42 trillion was at risk of being lost if Norway did not intensify its search for remaining hydrocarbon resources on the Norwegian continental shelf and employ new technologies to increase production levels.<\/p>\n In the case of Equinor,<\/strong> this Norwegian state-owned energy giant unveiled its investment plan last year, which envisions annual injections of between $5.7 billion and $6.6 billion into the Norwegian oil and gas ecosystem by 2035<\/strong>. The goal is to maintain daily production levels at around 1.2 million barrels for the next ten years, while halving emissions by 2030, in line with the Paris Agreement.<\/p>\n Indian Oil Corporation (IOC)<\/a><\/strong>, India’s largest oil company, plans to invest 1.66 trillion rupees over five years to fuel its growth. This investment will allow the company to expand its core operations in oil refining, pipelines, and fuel marketing, as well as venture into petrochemicals, natural gas, and renewable energy.<\/p>\n In the area of \u200b\u200bcrude oil refining, the company plans to increase its capacity from 80.75 million tons per year to 98.4 million tons by 2028,<\/strong> with significant upgrades in Panipat (Gujarat) and Barauni<\/strong>. Furthermore, to strengthen supply, its pipeline network will be expanded to 22,000 km through 21 ongoing projects, including new storage facilities in Nepal.<\/p>\n Regarding its petrochemical production<\/strong>, the company is increasing output, aiming to triple its capacity from 4.3 million tons to over 13 million tons by 2030<\/strong>, focusing on specialty chemicals to reduce imports. Its network of over 40,000 service stations will continue to expand, incorporating electric vehicle chargers, battery swapping points, and CNG\/LNG refueling units.<\/p>\n Meanwhile, the Japanese company Inpex<\/a> <\/strong>has launched a new tender for a $19 billion investment project in oil and gas production, specifically LNG. The operator intends to make a final investment decision for the development of Abadi in Indonesia before 2027.<\/p>\n A contrasting case is that of the Russian oil company Lukoil<\/a><\/strong>. The pressure of US sanctions is reportedly forcing the company to make difficult decisions regarding its international portfolio, such as selling its assets in Africa, Iraq, and republics of the former Soviet Union, which it has accumulated over decades. The sale opens opportunities for new investors, both public and private, interested in already developed oil blocks. Its partners, including ENI, GNPC, NNPC Ltd, and SNPC<\/strong>, are expected to define the terms of the transfer and ensure the continuity of operations. Lukoil has not disclosed the estimated value or timeline of the divestments.<\/p>\n Mubadala Energy<\/strong><\/a>, an Abu Dhabi-based energy company, announced the completion of its recent strategic investment in the US natural gas sector<\/strong> through its alliance with Kimmeridge, an alternative asset manager specializing in energy, and the rebranding of SoTex HoldCo as Caturus, in which Mubadala Energy now holds a 24.1% stake.<\/p>\n Caturus is developing the leading integrated natural gas and LNG export platform in the US by combining its exploration and production operations under the Caturus Energy name (formerly Kimmeridge Texas Gas) with Commonwealth LNG, a liquefied natural gas export terminal with a capacity of 9.5 million tons per year, to be located near Cameron, Louisiana.<\/p>\n Caturus is developing the leading integrated natural gas and LNG export platform in the US by combining its exploration and production operations under the Caturus Energy name (formerly Kimmeridge Texas Gas) with Commonwealth LNG, a liquefied natural gas export terminal with a capacity of 9.5 million tons per year, to be located near Cameron, Louisiana.<\/p>\n Commonwealth LNG recently announced the engagement of Technip Energies to provide engineering, procurement, and construction (EPC) services for the construction of its state-of-the-art facility and anticipates receiving a final investment decision by the end of this year. The LNG project is progressing with significant momentum following the signing of several long-term binding LNG purchase agreements with top-tier global buyers, including Glencore, JERA, and PETRONAS.<\/p>\n This agreement represents Mubadala Energy’s first significant investment in the US energy market and reinforces its global growth strategy<\/strong>, further solidifying its position across the entire gas value chain. It also aligns with the company’s commitment to playing a key role in the energy transition by investing in low-emission energy sources.<\/p>\n Meanwhile, Nigeria’s state-owned oil company, NNPC Ltd<\/strong><\/a>, is seeking partners with technical capital to reactivate three of its refineries, which remain idle despite substantial investments. These refineries, with a combined capacity of 445,000 barrels per day, along with the Dangote oil refinery, could help Nigeria reduce its reliance on fuel imports and become a net exporter. Having invested $2.5 billion to rehabilitate the refineries, the Nigerian government is working to divest unproductive assets and aims to attract $60 billion to Nigeria’s oil and gas sector.<\/p>\n![\"Huge](\"https:\/\/emcombustion.es\/wp-content\/uploads\/2025\/11\/Inversiones-en-la-produccion-de-petroleo-y-gas-Heater-Treaters-EM-Combustion-767x1024.jpg\" "\\"Huge")
<\/a><\/p>\nOil and Gas Sector Outlook for 2026<\/span><\/h3>\n
Norway: $23 Billion Investment in Oil and Gas Production<\/span><\/h3>\n
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Huge investments in oil and gas production<\/span><\/h2>\n
Integrated Natural Gas and LNG Export Platform in the US<\/span><\/h3>\n
E&M Combustion’s contribution to the oil and gas industry<\/strong><\/span><\/h3>\n