How can upstream plan and build for a profitable future with oil and gas demand so uncertain? I asked Fraser McKay, Head of Upstream Analysis, and Angus Rodger, Director Upstream Research, who led our analysis in May’s Horizons, how they see the challenge. The sheer range of possible outcomes in the transition. A gradual transition could mean oil and gas demand in 2050 is not much different to today. Upstream would continue to do what it always has for a good few decades yet – finding and developing new supply as well as generating a great deal of cash flow. Conversely, upstream’s role would change dramatically if ... (full story)