Webinar
Event

London | Upstream Briefing 2024

North Sea and Continental Europe Upstream Outlook: 2024 and beyond

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Fiscal instability in the UK North Sea has undermined investor confidence. With a change of government likely in 2024, Labour’s tax plans would deal another blow to operators already under pressure from successive EPL changes and tough targets to cut emissions.  In a very mature UKCS, could Labour’s plan to generate £10.8 billion of extra revenue backfire? And how will corporate strategies respond to these mounting risks?

By contrast, investment in Norway is booming on the back of its 2020 tax package, supported by a stable fiscal regime. Can Norway replenish its project pipeline and sustain output longer-term whilst maintaining its role as a secure and reliable supplier of lower intensity energy to Europe?

As Continental Europe reduces its reliance on Russian gas, governments are looking to their own domestic supply to maintain energy security.  After a decade of production decline and underinvestment, we look at how the trend will reverse at Europe's next phase of major gas developments.

Register your interest to join our Breakfast Briefing, where our team of experts discuss the outlook for the North Sea and Continental Europe under these very different investment climates. Including:

  • The investment climate
  • Corporate and M&A: recent trends and opportunities
  • Project execution and the project pipeline
  • Exploration performance
  • Decommissioning outlook and emissions targets
  • Reducing dependency on Russian gas

Complete the form to register your interest.

 

Our speakers

Daniel Rogers

Senior Oil and Gas Analyst

Daniel Rogers is a senior analyst at Wood Mackenzie

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Ross McGavin​

Senior Research Analyst, Continental Europe​ Upstream

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