Industry: Upstream and E&P

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 […]

Global LNG capacity grew by more than 20 million tons per annum (mtpa) from 2023 through mid-2025. North America, including the U.S., Canada, and Mexico, accounted for about 65% of this new capacity. Additionally, 2 mtpa of this capacity came from floating terminals and ~11 mtpa from terminals with small-scale, modular LNG trains (each less […]

In the September 2025 edition of the ADI Newsletter, we highlight new oil and gas exploration in Africa as a driving force behind reshaping the continent’s energy landscape. A long-term growth supercycle for natural gas and LNG has become central to global energy strategies, influenced by AI growth, energy security, and economic shifts. Additionally, the […]

The U.S. LNG export capacity growth stagnated over the past couple years due to delays caused by market volatility, labor shortages, and regulatory uncertainty. Now, the supportive stance of the Trump Administration and growing global gas demand are expected to bolster the U.S. LNG sector through 2030. U.S. LNG export capacity reached a little over […]

The One Big Beautiful Bill Act preserved key tax incentives for geothermal power while scaling back support for other renewables like wind and solar. These incentives, specifically the 48E Investment Tax Credit and 45Y Production Tax Credit, are critical for developers, helping them raise capital and attract major customers. The bill also sets a clear phaseout schedule, giving geothermal projects […]

In the August 2025 edition of the ADI Newsletter, U.S. shale expertise is highlighted as a driving force behind global growth in unconventional oil and gas. Natural gas and LNG have become central to energy strategies worldwide, influenced by AI, data centers, energy security, and reshoring. Moreover, the plastics industry is rapidly evolving toward sustainability […]

The U.S. oil and gas industry is seeing a renewed interest in refracturing (refracs), a process that re-stimulates existing wells to boost productivity. This is especially true as Tier 1 drilling locations become harder to find. Refracs aren’t new, but recent technological advancements and compelling economics are making them a vital part of operators’ strategies. […]