Insight
Global Upstream Update: our favourite slides and topics – September 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The GUU is a regular Insight produced for global clients. This edition includes: 1) Regulatory inflection points: proposals to amend the UK’s capital allowance would vastly impact capex. In the US GoM, a recent environmental ruling spreads permit concerns. 2) Lower carbon opportunities: new geothermal engineering is lowering costs, but drilling needs to be faster. LatAm NOCs recognize a financing risk if portfolios don’t align with national emissions targets. 3) Shifting economics: the subsea tree market has done a good job of standardizing designs to control costs, but the benefit is running out. The risk/reward math of tight oil re-fracs is changing too, with recent buyers finally placing value on candidate wells. 4) Portfolio reviews: Europe offshore buyers are finding mature project upside. Thailand needs more capex to help offset its growing LNG import reliance. Iraq has line of sight into oil growth, but midstream investment needs to come first.
Table of contents
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Executive summary
- Catch up on previous editions
- Pick of the slides
Tables and charts
This report includes the following images and tables:
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The UK on a fiscal knife edge
What's included
This report contains:
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