The State of Exploration 2021

The State of Exploration report is published at a time which may come to be seen as a watershed moment in the global energy industry.

UK and Norway Exploration and Production Outlook for 2021

After a turbulent 2020 for the oil and gas industry, 2021 is expected to see a modest rise in investment in the UK and Norway offshore sectors, assuming a US$50 per barrel average oil price. Exploration activity could recover to 2019 levels and investment in new developments is set to increase.