Tricrest Management LLC (“Tricrest”), formerly known as Cresta Investment Group, today announced the closing of its second energy fund (“Fund II”), exceeding its target and bringing the firm’s total ...

Limited spare capacity, declining upstream investment, sanctions disruptions, and resilient non-OECD demand suggest the real risk is not excess oil ...

Nigeria will launch a new licensing round next month in a move to build on the country's encouraging upstream investment environment. The round will kick off on 1 December, according to the Nigerian ...

Global upstream investment is set to fall again in 2026, but the Middle East and North Africa are expected to add around 20 billion boe through new licensing rounds and contract awards. Libya, Iraq, ...

North Sea upstream investment will fall to around US$26 billion in 2026, but North Sea production is expected to remain flat—around 5.3 MMboe/d. The 10% year-on-year decline in spending is part of a ...

Africa’s upstream oil and gas sector is seeing capital narrow sharply around a small number of dominant investment hubs in 2025, as global energy companies become more selective about where they ...

The International Energy Agency (IEA) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for embedding decarbonization requirements into upstream project approvals. The ...