Adipec 2022 to highlight oil and gas investment needs amid energy crisis – The National

Adipec 2022 to highlight oil and gas investment needs amid energy crisis – The National

Global “Big Oil” executives and chiefs of national oil companies will convene in Abu Dhabi to discuss their response to the energy crisis that has been exacerbated by years of underinvestment in the industry's infrastructure worldwide and exacerbated this year by geopolitics.

The Abu Dhabi International Petroleum Exhibition and Conference (Adipec), which will run from October 31 to November 3, comes as global oil and gas spending is expected to shrink this year, despite crude hovering around $95 a barrel.

Despite windfall profits, some global oil companies have been reluctant to plough money into new drilling activity as they face pressure from investors and regulators.