Independent E&P journey ‘can be done again’
Ex-Tullow man thinks that doom and gloom about the global upstream business is overdone
“Are you asking me if a Tullow growth story could be done again in current environment? Yes, with no doubt whatsoever. And now is the best time.” So says Brian Larkin, CEO of five-year-old producer United Oil & Gas, who spent the previous five years with Tullow. Given the short-term price collapse driven by the coronavirus pandemic and longer-term concerns about hydrocarbon demand in a low-carbon future, optimism about E&P has been in short supply of late. And the prospects that have traditionally attracted smaller E&P firms looking for growth—in more frontier or under-explored provinces—have had a particularly gloomy prognosis, with doubts that some discovered resources or promi
Also in this section
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
