Geopolitical tensions, a record year for elections and economic uncertainty will define the backdrop to the upstream industry in 2024. Wood Mackenzie recently released its What to Look for in 2024 upstream series. Key themes to watch in global and corporate upstream include continued consolidation, increased activity from NOCs, reversing decarbonisation gains, shifts in strategic playbooks and an upstream investment plateau. Another banner year for M&A will focus on scale, performance improvement and diversification Sector consolidation will continue to be a key trend in 2024. There’s no unifying theme across all ... (full story)