Wood Mackenzie: strong balance sheets set 2027 up for oil and gas portfolio renewal
Balance sheets at strongest point in years, unlocking 5% investment rise and fresh wave of M&A in 2027 as companies rebuild post-2030 upstream portfolios.

Elizabeth leads the editorial teams at World Pipelines and Oilfield Technology, commissioning articles and features, and representing the magazine at industry events.
Elizabeth studied English Literature at Royal Holloway, University of London. She enjoys practising yoga, watching football, reading and spending time with her husband and daughters.
Balance sheets at strongest point in years, unlocking 5% investment rise and fresh wave of M&A in 2027 as companies rebuild post-2030 upstream portfolios.
Pipetech launches next stage of Norwegian growth through new facility and key appointment.
Corinth Pipeworks awarded the Line Pipe Supply Package for the Rovuma LNG Phase 1 Project in Mozambique.
CAN$2.7 billion transaction led by KKR in collaboration with Apollo to fund Aspen Point and Sunrise Expansion Programmes.
Developed from PETRONAS-INSTEP industry-led expertise and formalised by OPITO, the programme supports the workforce transition across the evolving global energy sector.