Opinion
Asia Pacific upstream: 4 things to look for in 2026
Predictions for the year ahead
1 minute read
Munish Kumar, Jasman Adam Yeoung, Anne Forbes, Angus Rodger and Farid Mohamad Isa
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.
Powered by Lens Upstream, we examine four defining themes for 2026:
- Corporate reshuffling: the Eni-PETRONAS 'NewCo' JV fills the gap as North American players eye Asia exits. Who will be Eni's partner of choice in its Kutei farm-down?
- FID reordering: faster, simpler projects jump the queue. What’s our latest view on FIDs and who gets ahead?
- Licensing crunch: after 2025's dismal 30% award rate, can regulators – particularly in the Andaman hotspot – turn the tide?
- And more.