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Upstream oil and gas reports
Global oil supply short-term update - October 2025
Our supply outlook has been revised up this month. The OPEC+ group met on 7 September and agreed to unwind 137,000 b/d of the 1.65 million b/d volu...
The UK government's North Sea consultation conundrum
2025 is a year of consultation on the UK North Sea. The government is currently pondering a successor to the flawed energy profits levy and it is a...
Q3 2025 pre-FID project tracker: Majors top-up project pipeline despite capital discipline
Sixteen projects have been sanctioned in 2025 so far. Representing almost US$70 billion of committed investment and around 8.5 billion boe of reser...
US upstream week in brief: Q3 2025 archive
The US week in brief report highlights the need-to-know events from US upstream. It is a rolling document, continuously updated with our own analys...
Dacion
Dación is in the Maturín sub-basin of the Eastern Venezuela basin, within the prolific Oficina trend. Dación was awarded in PDVSA's Third Round of ...
Lagunillas
The Lagunillas field forms part of the Bolivar Coastal Complex of the Maracaibo basin. The field extends both offshore as Lagunillas Lago and onsho...
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