Upstream oil and gas news

Here are some recent upstream oil and gas news articles:

Global

  1. Oil prices rise as OPEC+ agrees to modest output increase: The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed to increase oil production by 500,000 barrels per day (bpd) in July, sending oil prices higher. (Source: Reuters)
  2. Global oil demand to rise 1.3 million bpd in 2023: The International Energy Agency (IEA) forecasts that global oil demand will rise by 1.3 million barrels per day (bpd) in 2023, driven by economic growth and increased use of oil in power generation. (Source: IEA)
  3. BP to invest $20 billion in low-carbon energy by 2030: BP announced plans to invest $20 billion in low-carbon energy by 2030, as part of its efforts to reduce greenhouse gas emissions and transition to a lower-carbon business model. (Source: BP)

North America

  1. US shale production to rise 10% in 2023: The US Energy Information Administration (EIA) forecasts that US shale oil production will rise by 10% in 2023, driven by increased drilling activity and improved well productivity. (Source: EIA)
  2. Canada's oil sands production to rise 5% in 2023: The Canadian Association of Petroleum Producers (CAPP) forecasts that oil sands production in Canada will rise by 5% in 2023, driven by increased investment and improved efficiency. (Source: CAPP)
  3. Permian Basin oil production to reach 5 million bpd by 2025: The Permian Basin, one of the largest oil-producing regions in the US, is expected to reach oil production of 5 million barrels per day (bpd) by 2025, driven by increased drilling activity and improved well productivity. (Source: Rystad Energy)

Europe

  1. Norway's oil and gas production to decline 10% in 2023: Norway's oil and gas production is expected to decline by 10% in 2023, driven by natural decline and reduced investment in the sector. (Source: Norwegian Petroleum Directorate)
  2. UK oil and gas production to rise 5% in 2023: The UK's oil and gas production is expected to rise by 5% in 2023, driven by increased investment and improved efficiency in the sector. (Source: Oil & Gas UK)
  3. EU to phase out fossil fuel subsidies by 2025: The European Union (EU) has announced plans to phase out fossil fuel subsidies by 2025, as part of its efforts to reduce greenhouse gas emissions and transition to a low-carbon economy. (Source: EU)

Asia

  1. China's oil demand to rise 3% in 2023: China's oil demand is expected to rise by 3% in 2023, driven by economic growth and increased use of oil in power generation. (Source: IEA)
  2. India's oil demand to rise 5% in 2023: India's oil demand is expected to rise by 5% in 2023, driven by economic growth and increased use of oil in power generation. (Source: IEA)
  3. Indonesia to increase oil production by 10% in 2023: Indonesia plans to increase oil production by 10% in 2023, driven by increased investment and improved efficiency in the sector. (Source: Indonesian Ministry of Energy and Mineral Resources)

These are just a few examples of recent upstream oil and gas news articles. If you're looking for more information, I'd be happy to help!