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Upstream oil and gas reports
Lulita
Lulita is a small oil and gas field located close to the Danish/Norwegian median line. The Lulita reservoir may extend into the Norwegian sector, b...
K5
K5 is a reservoir with a massive 21-tcf gas-initially-in-place. It was discovered in 1970, but it has a high CO2 content of up to 70%. The discover...
Trestakk
Trestakk is an oil and associated gas field, located in the Haltenbanken Vest area. Trestakk has been developed as a subsea tie-back to the Åsgard ...
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...
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