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Libya’s upstream caught between hope and caution
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
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Once a national oil champion, the company is now so much more
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The oil powerhouse will not just join the top five crude exporters in the coming years, it may be a model for how petrostates balance growth, policy and sustainability
Lukoil loses its growth prospects
The Russian firm made a significant attempt to expand overseas over the past two decades but is now trying to divest its global operations
BP’s long stay in Russia
After failed attempts to find a buyer for its stake in Russia’s largest oil producer, BP may be able to avoid the harsh treatment meted out to ExxonMobil and Shell when they exited—and could even restart operations if geopolitical conditions improve
Nigeria bullish about oil recovery
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030
Major upstream decline threatens Mexico’s energy security
Dire crude projections and heavy debt burden are weighing heavily on NOC Pemex
China’s oil output to scale new heights
New discoveries and stabilisation of legacy fields’ output have helped China reverse the decline and be a top-five producer in recent years
Old hands dominate Algeria’s upstream auction
The country’s latest licensing round attracted bids from IOCs and NOCs in a better showing than its last outreach to bidders
ADNOC eyes cross-border opportunities
The Emirati company is ramping up its overseas expansion programme, taking it into new geographic areas that challenge long-held assumptions about Gulf NOCs
Sharing hubs improve efficiency and eliminate duplication and redunancy
IOCs NOCs Independents
Maciej Kolaczkowski
Pedro Gomez
Wan Sayuti
22 March 2021
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Opportunity knocks for collaboration increase

Oil and gas can improve its economics and decarbonise its value chain—and achieve those wins quickly—through changing its working practices

The oil and gas industry strives to minimise its carbon footprint and increase its safety, productivity and reliability, while also tackling costs. More sustainable or safer solutions can, though, be costly and may not result in higher productivity. These trade-offs are of a particular concern against a backdrop of high price volatility and an urgent need for profitability to fund reducing emissions in the short and long term. But these challenging circumstances also present an opportunity to revisit established ways of working and to reposition the industry for the long term. And there are avenues that can advance these key imperatives without the need to choose between the environment, saf

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