Insight

Global Upstream Update: the biggest issues in upstream revisited – February 2025

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

The Global Upstream Update is a regular Insight produced for global clients. This special review edition includes: 1) emboldened for growth: countries and operators are making growth plans with a firmer belief in higher-for-longer demand, 2) cautious investment: despite the positive long-term outlook, operators fear near-term instability, major project sanctions will remain low, 3) grappling with gas: a new wave of LNG projects could gain momentum, but many operators and countries still struggle with market or development constraints.

Table of contents

  • Executive summary
  • Catch up on previous editions
  • Pick of the slides
  • Other recent Wood Mackenzie Upstream content series

Tables and charts

This report includes the following images and tables:

  • Major projects remain suppressed

What's included

This report contains:

  • Document

    Global Upstream Update February 2025.pdf

    PDF 1.45 MB