Global Upstream Update: our favourite slides and topics – December 2022

If you are interested in upstream oil and gas, you will want to read this. It's our favourite slides and topics from the last six weeks but please note, this pack is available to only global upstream clients. Record cash flows restored confidence and repaired balance sheets in 2022. E&Ps will be hoping for more of the same in 2023, but fiscal intervention, political crises and supply chain inflation remain key risks to the sector. In our regular review, we assess the leading global upstream issues right now, including: • Growth: Middle East resources will have an increasingly dominant role in OPEC+ • Smart fiscal policies: Europe is leading the debate but other countries are considering their options • Cost inflation: Supply chain tightness will continue and further pressure will be placed on new projects