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Global Upstream Update: our favourite slides and topics – March 2023

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28 February 2023

Global Upstream Update: our favourite slides and topics – March 2023

Report summary

The Global Upstream Update is a regular Insight produced for global clients. This edition includes: 5 tight oil growth factors: 1) New Mexico Delaware is growing 30% year-on-year, 2) H2 2022 momentum creates 2023 growth, 3) corporate strategies remain critical, 4) bottlenecks are not resolved, 5) parts of the Permian are past their peak. A new lease of life for FPSOs redeployment: tanker conversions are in decline, with operators choosing refurbished FPSOs for new projects, or standardised new-builds when larger capacities are needed. Deal or no deal in Sub-Saharan Africa: SSA was the only region to increase deal count in 2022. Regional Independents with big growth plans were the predominant buyers. Decarbonisation: are we winning? We define Upstream 2.0 as a scenario where emissions metrics are as influential as economic, and all reasonable actions are being taken in terms of emissions abatement.

Table of contents

  • Executive summary
  • Catch up on previous editions
  • Chart of note

Tables and charts

This report includes 1 images and tables including:

  • Decarbonisation - is upstream spending development dollars in the right areas?

What's included

This report contains:

  • Document

    Global Upstream Update March 2023.pdf

    PDF 2.35 MB