Upstream oil & gas: region-by-region predictions for 2024

Geopolitical tensions, a record year for elections and economic uncertainty will provide the backdrop to 2024. Energy policy will continue to be a frontline issue, exposing wide divides in countries’ energy transition strategies.

Most upstream operators have little influence on these external forces. But they will seek to mitigate their impact by focusing on efficiency, sustainability and concentration risk.

So, how will these priorities shape the global upstream oil and gas landscape in 2024? What forces will define the regional outlook?

Our global team of experts have drawn on unique insight from Lens Upstream to produce our ever-popular annual round-up of predictions for the year ahead – and the wildcards we’ll be watching out for.

Read Global upstream: 5 things to look for in 2024 for our take these pivotal themes:

1. Upstream investment will plateau
2. Project delivery will test supply chain relationships
3. M&A will focus on scale and improving asset performance
4. Some decarbonisation gains will reverse in 2024
5. US Lower 48 oil supply will enter a new type of growth phase.

Fill in the form at the top of the page to get your copy of the global report in full.