Tagged With Upstream
US oil sector faces complicated path
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
Brazil looks to solve its energy security travails
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
Bleak times for UK North Sea
15 July 2025
Government consultations on the windfall tax and the exploration licence ban are positive steps, but it is unclear how long it will take for them to yield tangible outcomes
Sverdrup keeps on giving
11 July 2025
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
Nigeria bullish about oil recovery
9 July 2025
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030
Major upstream decline threatens Mexico’s energy security
27 June 2025
Dire crude projections and heavy debt burden are weighing heavily on NOC Pemex
Offshore industry overcoming arch foes
26 June 2025
ExxonMobil and Eni offer hope for projects as sector looks to get to grips with cost overruns and delays
Bakken oil output may hold its ground
26 June 2025
While oil prices will determine the trajectory of the key US shale patch, regulation and technological shifts are also likely to shape direction longer term
China’s oil output to scale new heights
25 June 2025
New discoveries and stabilisation of legacy fields’ output have helped China reverse the decline and be a top-five producer in recent years
Old hands dominate Algeria’s upstream auction
24 June 2025
The country’s latest licensing round attracted bids from IOCs and NOCs in a better showing than its last outreach to bidders
US, Russia and China circle the Arctic
19 June 2025
The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
Look again at African oil and gas investment
17 June 2025
Sound development planning is essential in this diverse and rapidly evolving region
Azerbaijan enjoys rare upstream FID
16 June 2025
BP and partners have reached a $2.9b FID on a new phase at Shah Deniz, but slow progress on other gas projects is attributed to a lack of European support
Energy NL upbeat on Newfoundland despite industry doubts
13 June 2025
CEO argues the upstream potential remains huge as analysts question future oil production for Canadian province’s offshore industry
Gabon eyes future post-Bongo
29 May 2025
Sovereignty is the watchword for the new government, but there are still upstream opportunities for those willing to work closely with the state
Energean ready to go deep into Africa
20 May 2025
Mediterranean-focused gas producer looks to replicate Israel success story and is hunting projects across the continent, with particular interest in West Africa
Andean upstream feels the heat
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
Unlocking Energy Potential: PERUPETRO Launches Investor Search for Offshore Block Z-69
2 May 2025
Peru’s state-owned hydrocarbons agency has launched the search for new investors for Offshore Block Z-69, a high-potential asset in the prolific Talara Basin.
Pemex scrambles to plug the gap
1 May 2025
The NOC’s dire financial situation and maturing fields have left the authorities with little choice but to reduce crude expectations
Gas E&P enters the danger zone
24 April 2025
Two consecutive years of sub-par hydrocarbon discoveries signal a precarious time for the energy world
Brazil rides a production wave
10 April 2025
Latin America’s largest economy expects big uptick in crude this year with the imminent arrival of several FPSOs
Libya’s NOC sees E&P optimism through the anger
9 April 2025
North African producer hopeful of bringing in IOCs despite the disagreements over terms as latest bidding round is launched
Argentina poised to surpass record oil production
7 April 2025
Imminent midstream additions in the Vaca Muerta set the stage for sharp jump in upstream growth
Kazakhstan struggles with energy balance
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
Deepwater Development Conference overview
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
Oil majors target Suriname as new exploration frontier
26 March 2025
Companies including Shell, TotalEnergies and Chevron are turning to Suriname’s oil potential as South America’s smallest country seeks to replicate the success of neighbouring Guyana
West Africa’s rising star
25 March 2025
Cote d’Ivoire’s ambitions to become a major regional producer have gained renewed momentum, with established players and new entrants striking upstream deals and committing to long-term investment
Cairn sees deepwater key to boosting India’s energy security
24 March 2025
Indian E&P company wants to take domestic production to a new horizon, given the amount of unexplored opportunities
US upstream reasserts strategic importance
19 March 2025
The country’s renewed focus on energy security has seen it move closer to Russia and Saudi Arabia on supply
Egypt looks to arrest its upstream decline
14 March 2025
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
Colombian E&Ps face bleak upstream outlook
10 March 2025
Political backbiting and slumping drilling activity point to further declines ahead of next year’s election
Norway may have already reached peak oil supply
7 March 2025
Castberg may not be enough to offset declines in other fields, while its vastly different quality has far-reaching implications for buyers
Malaysia tackles upstream declines
5 March 2025
Petronas is making huge efforts to arrest falling oil production and accelerate gas increases to meet rising demand, but political tensions persist
Angola eyes upstream revamp
3 March 2025
West African producer’s national oil agency considers licensing overhaul for faster rounds
‘Build, baby, build’ should be Trump’s oil mantra
27 February 2025
‘Drill, baby, drill!’ may achieve increased oil and gas production, but not as a result of increased drilling
Libya’s armed oil industry takeover
18 February 2025
Booming crude production has been met with international caution after the UN’s damning assessment
Letter from India: Fast-tracking a global all-energy approach
17 February 2025
The thrum of the government’s comprehensive energy internationalism could be seen in the flurry of deals and partnerships at India Energy Week amid a mission to meet the economy’s insatiable appetite
Latin America’s evolving crude outlook
13 February 2025
New supply from Argentina, Brazil and Guyana is rich in middle distillates, but optimism in terms of volume growth remains tempered by regulatory and technical risks as well as price volatility
Kazakhstan’s Tengiz growth tests OPEC+ limits
12 February 2025
The oilfield expansion provides a fresh influx of revenue but will strain its cooperation with OPEC+ and fails to mask deeper issues with the economy and investors
Indonesia seeks to revitalise 1m b/d oil production dream
6 February 2025
Policy initiatives will take time to reverse declining output, and restoring investor confidence is far from certain
Canada re-evaluates energy security with elections on horizon
4 February 2025
The threat of Trump tariffs and the departure of Trudeau have sharpened the domestic political focus on boosting the oil and gas industry
The tug-of-war over Alaska’s energy economy
3 February 2025
Alaska has been engulfed by a lack of consistent policymaking and highlights the challenges financing energy projects in the US
Gulf of Mexico is US oil’s engine room in 2025
31 January 2025
Several projects are expected to boost production this year as strategically important region looks to environmental rules, fiscal policies, oil prices and demand trends longer term
India adopts ‘drill, baby, drill’ approach
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
Mexico’s energy ambitions weigh heavily on Pemex
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
Letter from London: Deepwater brimming with confidence for 2025
13 January 2025
With Namibia, Guyana and Brazil playing starring roles and important innovations being developed, business as usual has never looked so good
Outlook 2025: UK offers upstream opportunity as transition and policy evolve
10 January 2025
The importance of the oil and gas sector to the UK and the value of its assets mean 2025 could offer new opportunities and a recovery in activity
Outlook 2025: Oil is vital to our global energy futures
31 December 2024
The world needs to reduce emissions but must do so while providing affordable and reliable energy to meet rising global demand
Outlook 2025: US oil production continues slow, steady growth
30 December 2024
After hitting a high in 2019, output dropped during the Covid-19 pandemic, only to resume growth in 2021 and reach new highs. The US government expects 2.4% growth in 2025
Shell’s Sacha Luces joins MCEDD advisory board
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
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