Industry: Upstream and E&P

Part of ADI Analytics’ ongoing coverage of the implications of the Iran conflict across oil & gas, LNG, refined products, and chemicals. The military escalation following the February 28, 2026 strikes on Iran has shifted global oil and gas markets from a projected oversupply to acute geopolitical scarcity. This transformation is driven by logistical and […]

The Devon–Coterra merger is a pragmatic assessment of where U.S. shale stands today. Survival will require capital efficiency to offset declining resource quality as the shale system matures. Historically, consolidation among U.S. E&P independents has delivered tangible operating benefits. Scale has helped reduce drilling times materially—industry averages have fallen from roughly 28 days per well […]

At the 2026 ADI Forum, Tulio Scacciati, Head of Strategy and M&A at Expro; Benito Ciriza, VP, Business & Portfolio Integration at BW Energy; and Zach Kimball, VP, Finance & Strategic Planning at Citation Oil & Gas Corp joined Uday Turaga, CEO, ADI to discuss the evolving landscape of upstream operations and oilfield services. The […]

At the 2026 ADI Forum, Uday Turaga, CEO of ADI, provided a cross-segment outlook on the energy and chemical value chains. He highlighted the firm’s focus on the strategic interfaces between upstream production, global gas markets, and power generation, emphasizing how infrastructure and geopolitical shifts are reshaping global commodity flows. Key themes included a shift […]

The global upstream sector is entering a massive supply overhang that could depress crude prices for much of the year. In this brief update, Panuswee Dwivedi, Project Manager at ADI Analytics, breaks down how operators are stress-testing budgets and why capital is rapidly shifting from US shale to high-margin international offshore projects. Key Highlights Watch […]

In 2026, ADI expects demand growth to drive the midstream sector as opposed to supply growth. At the same time, disciplined capital allocation strategies will reshape how infrastructure is developed, optimized, and valued. Exhibit 1 summarizes our growth expectations in midstream oil and gas, and we share below 10 key insights on what to expect […]

The global upstream oil and gas sector enters 2026 in a markedly different environment than the previous few years. Supply growth is set to outpace demand, capital discipline is reshaping portfolios, and regional divergence is more pronounced than at any point in the last decade. 1. Global oil supply outpaces demand in 2026. With a […]

The January 2026 Edition of the ADI Newsletter highlights how ADI drove impact in 2025, supporting clients across oil & gas, energy, and chemicals while helping them navigate complex market challenges. We served the full ecosystem—from operators and private equity investors to OEMs, EPCs, OFSE providers, and startups. Our work spanned the natural gas and […]

Geopolitical developments over the weekend have renewed interest in Venezuela’s oil industry and what they may mean for global oil markets. The long arc of the Venezuelan oil industry is visible in Exhibit 1, where production fell from ~3.5 MMb/d in the 1970s to ~1.1 MMb/d by 2025. Exhibit 1 also shows Venezuelan crude oil […]

While U.S. shale remains highly productive at home, leading pioneers are quietly exporting their technical expertise to international markets. In this brief update, Uday Turaga, CEO of ADI Analytics, explains why companies like Continental Resources and EOG are expanding overseas to leverage premium LNG-linked pricing and rising global gas demand. Key Highlights Watch the full […]

With both the IEA and OPEC now forecasting a historic oil surplus for 2026, crude prices have already retreated to $60. In this brief update, Uday Turaga, CEO of ADI Analytics, explains why a combination of macroeconomic headwinds and shifting reserve strategies could pull oil prices down even further. Key Highlights Watch the full video […]

Last week, the annual Digitalization in Oil & Gas conference rolled into Houston, and I was grateful for the opportunity to speak at this always-excellent event hosted by our friends at the Energy Conference Network. The panel was charged to talk about building a digital-ready workforce, and I prepared by summarizing ADI Analytics’ consulting and research […]