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Upstream oil and gas reports
Q1 2024 pre-FID upstream project tracker: slow start but activity to pick up
We expect around 30 projects will reach FID in 2024. This should be an increase on last year, as many 2023 projects were delayed or postponed. Up t...
Unwanted spend: how big is the deepwater decommissioning bill?
The top deepwater countries and operators have a US$27 billion decommissioning bill creeping up in the next ten years. However, they would prefer i...
Canada oil sands: carrying momentum through Q4 2023
Canadian oil sands producers had another break-through quarter in Q4 2023, continuing its streak of high operational performance. However, results ...
Class of 2024: benchmarking this year's upstream FIDs
Project economics will rebound as Majors priortise advantaged deepwater resources. We expect around 30 projects will reach FID in 2024, up from jus...
Sunspear (GC 78)
Sunspear (GC 78) is a small oil and gas discovery located in the Green Canyon protraction area of the central Gulf of Mexico. The field was discove...
Labour's UK tax plan risks wiping out North Sea investment
The UK Labour party’s plan to increase the government share of North Sea profits has been greeted with alarm from the industry. Operators have warn...
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