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Fraser McKay
Head of Upstream Analysis

Fraser McKay
Head of Upstream Analysis
As head of upstream research, Fraser maximises the quality and impact of our analysis of key global upstream themes.
Latest articles by Fraser
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Opinion
Global upstream update: diverging development strategies in Latin America, investment at risk in Africa, and Kazakhstan supply tensions explained
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Opinion
Is oil price volatility a threat to upstream production, investment and supply chains?
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Opinion
Global upstream update: UK fiscal changes and an Asia-Pacific licence bonanza
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Opinion
Global upstream update: the global sanctions slump, grappling with gas and potential US tailwinds
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Opinion
Global upstream update: the global sanctions slump, grappling with gas and potential US tailwinds
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The Edge
Why upstream companies might break their capital discipline rules
Global upstream: 5 things to look for in 2024
Geopolitical tensions, a record year for elections and economic uncertainty will provide the backdrop to 2024. Energy policy will continue to be a frontline issue, exposing wide divides in countries’ energy transition strategies.
Most upstream operators have little influence on these external forces. But they will seek to mitigate their impact by focusing on efficiency, sustainability and concentration risk.
Upstream operators will remain focused on resilience, sustainability and efficiency.
So, how will these priorities shape the global upstream oil and gas landscape in 2024? What forces will define the regional outlook?
Our global team of experts have drawn on unique insight from Lens Upstream to produce our ever-popular annual round-up of predictions for the year ahead – and the wildcards we’ll be watching out for.
Read Global upstream: 5 things to look for in 2024 for our take these pivotal themes:
- Upstream investment will plateau
- Project delivery will test supply chain relationships
- M&A will focus on scale and improving asset performance
- Some decarbonisation gains will reverse in 2024
- US Lower 48 oil supply will enter a new type of growth phase.
Fill in the form at the top of the page to get your copy of the global report in full.
Plus, drill down into our predictions for your region with this series of complimentary insights:
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Opinion
Asia Pacific
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Opinion
Canada
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Opinion
Caspian
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Opinion
Continental Europe
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Opinion
Latin America
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Opinion
Middle East and North Africa
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Opinion
North Sea
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Opinion
Russian Federation
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Opinion
Sub Saharan Africa
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Opinion
US Lower 48
Also available in this complimentary series:
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Featured
Subsurface predictions: what to watch in exploration and discovered resources in 2024
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Featured
Global upstream fiscal systems: 4 things to look for in 2024
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Featured
Upstream supply chain: 5 things to look for in 2024
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Featured
Upstream M&A: more big deals in 2024?
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Featured
Corporate oil & gas: 5 things to look for in 2024
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Featured
Global gas and LNG: 5 things to look out for in 2024