Insight
Continental Europe upstream: 2022 in review
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The energy shocks after Russia’s invasion of Ukraine highlighted the importance of Continental Europe’s own upstream sector. 2022 was a year of change – from the Netherlands to the Black Sea and East Mediterranean. We look back at the headline stories of 2022: Policy shifts and fiscal reforms - how have governments responded to security of supply pressures and high prices? Project delivery - which development drove upstream capex to 80% year-on-year growth? Exploration success - how do Cyprus and Türkiye’s large gas finds rank globally? Regional M&A - who was involved in the region’s largest asset deal in a decade? Regional energy transition - did Europe move closer to its upstream decarbonisation aims?
Table of contents
- Executive summary
- Our key insights of 2022
Tables and charts
This report includes the following images and tables:
-
Key takeaways
What's included
This report contains:
Other reports you may be interested in
Insight
US upstream in brief: Mitsubishi makes a US$7.5 billion Haynesville power play
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary WoodMac views.
$1,350
Insight
2025 Europe Gas Year in Review
A review of the European gas market in 2025
$950
Country Report
Norway upstream summary
Norway is Europe's largest oil and gas producer and most important supplier following Russia's invasion of Ukraine in 2022.
$11,340
