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Cooling demand remained steady, but gas lost ground to coal and renewables as prices rose.
A 10-year technical exploration of untapped Cretaceous plays in frontier areas and mature basins has seen a success rate of over 50% - much higher than the global average.
Global LNG supply is set to surge by 40% by 2030, raising a critical question: how much of the expected demand growth will actually materialise in Asia?
Despite short-term headwinds, sizeable long-term growth potential still represents a significant opportunity.
The European Union's initiative takes effect in 2025.
Lower capture costs and enhanced decarbonisation incentives will be needed if carbon capture is to materially help decarbonise the global thermal power fleet
Decarbonising aviation in an era of rising demand
Which companies and areas are best positioned to capitalise on a structural shift in US gas demand?
Learning how to do more with existing oil fields to meet future demand
Why smarter licensing and domestic production are key to climate and energy goals
The sector must adapt to survive in a world seeking to balance the trilemma of energy security, affordability and sustainability.
Watch to learn more about Petronas’s recent LNG deals, its contracting positions and how you can use Lens Gas & LNG to value its LNG assets.
Our experts outline the latest developments in upstream.
Concentrated demand from data centres is amplifying price and basis risk, while demand growth from both large loads and LNG will lead to structurally higher prices
From surprise outages to shifting trade flows, here are the five moments that defined global gas trading in 2025.
Despite strong European production capacity growth, the sector's future depends on robust demand-side incentives that can support premium pricing over natural gas.
Four critical fiscal trends will influence upstream petroleum investment in the year ahead
Gulf of America (US Gulf of Mexico) deepwater production will set a record at almost 2.5 million boe/d in 2026, but this peak may prove fleeting.
Capital discipline will be front of mind as North Sea companies plan for a period of lower oil and gas prices.
Latin America's upstream sector enters 2026 with strong project portfolios and continued expansion from leading producers, while navigating regulatory changes and seeking new investment opportunities.
Oil and gas diverge in Canada as pipeline constraints ease and policy clarity emerges.
The MENA upstream sector enters 2026 with strong momentum, abundant opportunities and rising risks that will shape investment, supply dynamics and strategic positioning across the region.
What is the oil market risk and will Big Oil want to invest in Venezuelan upstream opportunities?
In this annual series our global experts draw on unique insight from Lens Gas & LNG to highlight the key themes we'll be watching closely – and offers our predictions of how they’ll play out.
A new wave of LNG supply growth is reshaping global gas markets, yet prices remain elevated enough to constrain demand in parts of Asia. As the market shifts from tightness toward greater abundance in 2026, five defining themes will determine how Asian LNG dynamics evolve.
Our pick of the themes that will shape exploration for both oil & gas and geothermal resources – plus a spotlight on 23 wells to watch in the year ahead.
Cumulative freeze-offs projected to exceed 120 bcf, ranking among the most impactful winter events in recent memory.
Forward curve remains subdued even as recent cold snap drives massive inventory withdrawals and production freeze-offs
New analysis from our Corporate Strategy and Analytics Service (CSAS).
Six key factors are making Nigeria the epicentre of operations for the continent’s indigenous oil & gas firms.
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