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European gas prices have been hitting record highs and prices have been soaring in Asia. It's clear the market needs more gas. The US has the resources to meet that demand, but has hurdles to overcome
The recovery in crude prices, taking WTI to over $70 a barrel, has meant that the cash flows coming in to US E&Ps have been soaring. But the industry’s response to these price signals, in terms of increased activity and production, has been much more cautious than has been typical over the past decade. Management teams have talked about strengthening balance sheets and returning cash to shareholders, and now they are delivering on those commitments.
The trend for fewer but larger deals continued in H1 2025 .
Can the region deliver secure, advantaged supply to Europe?
While Nigeria and Angola introduce fiscal reforms for mature offshore basins, high-impact exploration reveals untapped potential for Cretaceous plays.
From Nigeria to Namibia, how policy reforms, infrastructure, and gas monetisation are shaping Africa’s energy future..
As the region attracts new interest from explorers, Thailand hopes licencing can unlock new re-sources.
Day rates have held firm despite significant softening in oil prices since 2022, but can high prices pre-vail much longer?
What do the discovery of Norway’s ‘missing’ oil barrels and a 200 million barrel find in Polish waters mean for the European upstream sector?
Russia's oil and gas sector faces a year of gradual adjustment in 2026.
We expect record oil and gas production in 2026 from the Caspian's upstream sector.
Asia Pacific's upstream sector is shifting gears, and the corporate and asset landscape is changing. Complex mega-projects are being shelved as operators prioritise execution certainty and speed over scale.
From the East Med to the Black Sea, Continental Europe enters a defining year.
Sub-Saharan Africa’s upstream sector enters 2026 with strong momentum.
Oil and gas face diverging paths in the US Lower 48 in 2026.
A landmark deal reunifies Syria’s energy system and reshapes its oil and gas outlook
As India Energy Week takes place in Goa, we explore how the country can balance growth, energy security and the transition effectively.
The US/Israeli strike on Iran's leadership raises geopolitical tension to heights reminiscent of Russia's invasion of Ukraine four years ago.
I’m just back from Tokyo and a key theme for many Japanese energy companies continues to be future investment in E&P and whether long-term growth in oil and gas demand will materialise given the pace of energy transition.
The US shale revolution in action: as well productivity dramatically rose, the US emerged as the largest gas producer in the world. LNG buyers will benefit.
What's in store for the upstream oil and gas industry in the Middle East and North Africa? Find out what projects and regions our MENA upstream will be watching closely in 2019.
New discoveries make the Orange Sub-basin the world’s hottest oil and gas exploration play
All oil and gas companies are in a state of flux. Driven by the energy transition, upstream supply must now be low cost, low risk and, increasingly, lower carbon. Lenders and shareholders seek clear strategies on emissions reduction, while still expecting the returns that attracted them to oil and gas companies in the first place.
In this episode of the MENA in Brief podcast, Ian Thom and his expert guests look at 2019 in review, and share their view on what lies ahead in 2020.
A new year, a new decade and a lot of uncertainty across Asia’s energy markets. To kick off 2020 I spoke to several WoodMac analysts in the region to hear their predictions for the coming 12 months. I hope their thinking might surprise you!
A handful of assets account for almost a third of the Majors’ upstream carbon emissions – and that presents an opportunity for rapid progress against emissions targets.
Gas will play a vital role in Asia’s fight against air pollution, and in meeting its future energy demand. But with its environmental impact under new scrutiny, is it time for LNG to get greener?
In this episode of the Middle East and North Africa In Brief podcast, Ian Thom, Stewart Williams, Tor Soltvedt and Norman Valentine discuss the attack on Saudi Arabia's oil facilities in September.
A year since the much-anticipated Convention on the Legal Status of the Caspian Sea was signed, how much has changed?
Listen to the latest episode of Crude For Thought: Notes from URTeC and our views on development cubes and in-basin sand
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