Upstream looks to deepwater rescue
The deepwater sector must be brave by fast-tracking projects and making progress to seize huge offshore opportunities and not become bogged down by capacity constraints and consolidation
Oil and gas growth is resting in fewer and fewer hands: whether that is on a country, corporate or on an E&P level. The deepwater sector offers salvation for now, but in the longer term more needs to be done to overcome complexity, cost and capital discipline, according to analysis from Welligence Energy Analytics. Deepwater oil and gas development is entering a pivotal phase, with the sector expected to remain a major driver of non‑OPEC supply growth over the next five years amid robust drilling activity. However, the ability of deepwater to fulfil this role will depend heavily on a meaningful increase in activity levels over the next five years. The pace of project advancement in 2025
Also in this section
24 March 2026
It is an unusual story of out with the new and in with the old, as America First Refining shows the US going back to trusted energy security developments
23 March 2026
A complex and sometimes contradictory web of factors that include unpredictable oil prices, the globalisation of LNG markets, the expansion of Middle Eastern sovereign capital and the growth of datacentre demand will shape the energy landscape beyond 2026
23 March 2026
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
20 March 2026
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system
