Europe’s upstream landscape is changing, with new frontiers opening, as its traditional heartlands like the North Sea mature. Interest is growing in the Black Sea and the Eastern Mediterranean, with the majors moving in to test deepwater plays.
The North Sea is still a powerhouse, but above ground risks are prominent and in 2024 operators and governments were increasingly facing legal and regulatory challenges on climate-related emissions, while the UK cornered the market in fiscal instability.
Join our panel of experts to discuss the key events of the past year and how these will shape the outlook for 2025.
- UK fiscal terms post-EPL: will there be an agreement in 2025?
- What impact could regulations on Scope 1,2 & 3 emissions have on North Sea operators?
- Upstream investment: can operators control costs and deliver returns?
- Key wells to watch in the North Sea, Black Sea, and East Med
- M&A: is more consolidation on the cards?
Our team
Gail Anderson
Research Director, North Sea Upstream
Gail Anderson
Research Director, North Sea Upstream
Gail focuses on the North Sea Upstream industry and its gas and power sector.
Latest articles by Gail
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Opinion
North Sea upstream: 5 things to look for in 2025
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Opinion
Video | Shell and Equinor announce UK asset merger to create new JV
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Opinion
End of an era looms as Chevron seeks UK exit
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The Edge
Why the transition needs smart upstream taxes
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Opinion
North Sea upstream: 5 things to look for in 2024
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Opinion
The challenges and opportunities in Europe’s oil & gas, CCUS and hydrogen sectors
Toby Fulton
Senior Research Analyst, Upstream
Toby Fulton
Senior Research Analyst, Upstream
Toby is in the upstream team and specialises in the North Sea.
Latest articles by Toby
View Toby Fulton's full profile
James Reid
Senior Research Analyst, North Sea Upstream
James Reid
Senior Research Analyst, North Sea Upstream
James focuses on North Sea Upstream
Latest articles by James
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Opinion
End of an era looms as Chevron seeks UK exit
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Opinion
NEO Energy and Sval Energi sale rumours - what could the portfolios offer a buyer?
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The Edge
Why the transition needs smart upstream taxes
Lewis Lawrence
Research Analyst, Upstream
Lewis Lawrence
Research Analyst, Upstream
Latest articles by Lewis
View Lewis Lawrence's full profile
Kamal N'Dow
Research Associate, Upstream
Kamal N'Dow
Research Associate, Upstream
Kamal is a research associate in our upstream research team, currently specialising in the North Sea.
View Kamal N'Dow's full profile
Jack Richardson
Research Associate, Upstream
Jack Richardson
Research Associate, Upstream
Jack is a research associate in our upstream team, specialising in Norway and Denmark.
View Jack Richardson's full profile