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For nearly three decades, we have been the go-to source for independent news and analysis of the major oil and gas projects shaping the industry and the people behind them.
Apr 16, 2024 · Key Takeaways. Upstream refers to points in production that originate early on in the processes. Also called exploration and production (E&P), upstream is farthest from the end-user consumer in...
The upstream sector includes searching for potential underground or underwater crude oil and natural gas fields, drilling exploratory wells, and subsequently operating the wells that recover and bring the crude oil or raw natural gas to the surface.
Jun 17, 2024 · Upstream and downstream oil and gas production defines an oil or gas company's location in the supply chain. Upstream operations include identifying, extracting, or producing materials.
World Oil provides news, oil prices, data, statistics, shale reports and upstream industry trends relating to the exploration, drilling, completion and production of oil and gas, both...
World Oil provides daily news, trends and data for the global upstream industry, including in-depth coverage of deepwater, subsea, shale, exploration, drilling, well completion, unconventionals...
Executive Summary. Oil and gas upstream capital expenditures increased by 39% in 2022 to $499 billion, the highest level since 2014 and the largest year-on-year gain in history. Higher costs primarily drive the increase in investment, but activity has also started to recover.
Global upstream oil and gas investment is on track to increase by an estimated 11% in 2023 to USD 528 billion, compared with USD 474 billion in 2022. While the impact of higher spending will be partly offset by cost inflation, this level of investment, if sustained, would be adequate to meet forecast demand in the period covered by the report.
Trends in upstream oil and gas. A US-led revolution in the production of shale oil and gas is enhancing energy security and suppressing carbon emissions. It is also controversial, and spreading overseas less quickly than many had predicted. We analyse the prospects for shale and other unconventional hydrocarbons around the world.
Jun 21, 2024 · Upstream is part of DN Media Group. To read more about DN Media Group, click here. Read the key news headlines covering the global oil and gas business.
