Last week Repsol released an updated strategic plan that focuses on delivering value growth. Capital discipline in both upstream and downstream remains central, but a new roadmap aimed at thriving in the energy transition was also unveiled. We look at this plus the following stories: Results of Wood Mackenzie's State of the Upstream Industry survey. Brent holds steady as oil and gas stocks underperform. Petrobras and the Majors dominate Brazil's PSC Round 4. ExxonMobil is reportedly looking to sell out of Tanzania LNG. Devon sells EnLink interests and sweetens its buyback programme.