Upstream Analysis News Today

Some private oil producers in the Permian will hit the brakes on output growth as they have been acquired by large publicly-traded companies

The coming year will be another rollercoaster ride for the industry.

The U.S. shale industry is expected to continue its consolidation trend in 2024, following significant mergers and acquisitions in 2023, with large firms acquiring smaller producers in the Permian Basin.

Peak oil and gas demand in the 2030s can be met without a significant rise in current annual investment levels of $500 billion.

Peak natural gas and oil demand could be met in the 2030s without a substantial increase to current investment levels of $500 billion a year, according to

Wood Mackenzie outlines that upstream operators will focus on capital discipline and carbon mitigation in 2023.

We believe we will see a slight uptick in activity this year.

With the global energy crisis still running the show, Wood Mackenzie has outlined ten predictions for the energy industry in 2023.

While 2022 was marked by a global energy crisis and price volatility, 2023 is still uncharted territory for the oil and gas industry.

How can upstream plan and build for a profitable future with oil and gas demand so uncertain? I asked Fraser McKay, Head of Upstream Analysis, and Angus Rodger, Director Upstream Research, who led our analysis in May’s Horizons how they see the challenge.