Wood Mackenzie

Asia

Asian NOCs set to maintain domestic upstream spend

09/04/2020

While most international oil companies (IOCs) have stated they will make major spending cuts this year in response to the downturn, Asian national oil companies (NOCs) are expected to maintain domestic upstream spending to help employment and economic activity levels.

Asia

Upstream spend at risk in Asia Pacific

06/04/2020

Demand destruction and sustained oil prices below $40 per barrel mean Asia Pacific is bracing itself for a brutal wave of cost cutting that will see its reliance on imports rise as upstream investment is hit hard.