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Upstream oil and gas reports
How could US Lower 48 rigs and supply respond to the Middle East conflict?
The pace, level and duration of rig count increases will determine L48 supply trajectory, however upside growth in 2026 is limited. Most volume gro...
Global oil supply short-term update - March 2026
The global oil supply monthly report provides analysis on short-term global oil supply. The slide deck is accompanied by a related excel data downl...
The unstoppable rise of Africa’s independents
Indigenous companies are becoming increasingly important in Africa as other peer groups, notably the Majors, retreat from late-life, mostly onshore...
Namibia Southwest African Coastal exploration basin
The Southwest African Coastal Basin offshore Namibia has emerged as a premier deepwater exploration hotspot with transformative discoveries by Tota...
DEWA Cluster SFA
The DEWA Cluster is a new Discovered Resource Opportunity (DRO) award in offshore Sarawak, consisting of 12 discovered gas fields. Currently operat...
Venezuela upstream summary
The US military action to capture Nicolas Maduro in January 2026 represents a dramatic inflection point for the country's upstream sector. Within o...
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