In the latter half of 2023, strong mergers and acquisitions (M&A) activity was observed in the upstream and midstream markets due to commodity price increases. Key transactions involved Chevron, Exxon, Permian Resources, and Oxy acquiring Hess, Pioneer and Denbury, Earthstone, and Crownrock, respectively. This was primarily driven by major companies seeking more drilling locations to meet the equity market growth predictions.

Liquified natural gas markets continued to grow, responding to the global supply-demand imbalance intensified by geopolitical risks, while increased focus on Environmental, Social, and Governance (ESG) factors, emissions, and carbon reduction, coupled with the Inflation Reduction Act, boosted growth in renewable projects.

Overview for This Edition:

• Global Macro Trends
• U.S. Macro Trends
• Energy Credit Trends
• Private Capital
• Sub Industries
  • Upstream
  • Midstream
  • Oilfield Services
  • Power & Energy Transition