Opinion
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Video | Global upstream update: winter 2025
Our experts outline the latest developments in upstream
1 minute read
Ian Thom
Research Director, Upstream
Ian Thom
Research Director, Upstream
Ian brings 18 years of experience to his role as head of regional analysis for Europe, Russian, Caspian and Africa
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This short teaser video provides a clear overview of the themes shaping the upstream oil and gas sector in recent weeks and months.
The video highlights four areas of focus:
- Gulf of America: Lease sale activity builds momentum and sets up a new wave of strategic partnerships for 2026
- Asia-Pacific: Continued growth as China NOCs strengthen and diversify their international portfolios
- Sub-Saharan Africa: Indigenous companies take on a larger role across key assets and emerging opportunities
- North Sea: Norway’s project pipeline and rising UK gas output have the potential to lower Scope 1 and 2 emissions
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