Global upstream: 5 things to look for in 2025 Report

Insight 19 December 2024

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Report summary

While all our global energy transition outlooks remain possible, there is an increasing probability of a slower-paced transition. But improving upstream sentiment comes at a time of high geopolitical tensions, and both supply and demand concerns. Near-term price weakness may belie longer-term market strength, setting 2025 up to be a year of mixed messages. Key themes include: 1. Upstream will obsessively focus on efficiency, 2. Resource capture will be back in vogue, 3. M&A will be high on strategic agendas, 4. Americas liquids growth won’t just come from the Permian 5. A new wave of LNG projects will start to take shape.

Executive summary
1. Upstream will obsessively focus on efficiency
2. Resource capture will be back in vogue
3. M&A will be high on strategic agendas
4. Americas liquids growth won’t just come from the Permian
5. A new wave of LNG projects could take shape
- Things to look for in 2025 – a regional upstream series
- Global upstream insights:
- Regional upstream insights: