Global Upstream Update: our favourite slides and topics – May 2024

Get this report


You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

The Global Upstream Update is a regular Insight produced for global clients. This edition includes: 1. Decarbonisation and decommissioning: infrastructure-led exploration could extend field life and defer deepwater abex. The UK’s new emissions targets are aggressive and risk a ‘domino effect’ of early cessation at key hubs. Azerbaijan and BP are gearing up for COP29 with emissions reduction initiatives. 2. Gas spend and growth: Canadian gas prices are in focus as LNG Canada starts-up, but Phase 2 is at risk. The outlooks for Malaysia LNG and Brunei LNG are contrasting, the former is filling up, the latter desperately needs gas. African capex is rising again, with a focus on gas spend. 3. Costs and service sector: the red-hot rig market is headed for a cool down; which raises the question of rig owner consolidation. But costs are still rising for Australian projects, to their economic detriment. US tight oil could be on a different trend, threatening to surprise to the upside, again.

Table of contents

Tables and charts

This report includes 1 images and tables including:

  • Asia-Pacific: exploration activity rising

What's included

This report contains:

  • Document

    Global Upstream Update May 2024.pdf

    PDF 1.49 MB