Upstream on Metal Pilot Blog

The Oil & Gas Value Chain: Oil Sands (2026)

Sat, 19 Sep 2026 10:00:00 +0200

Data as of 19 September 2026. The framework — how bitumen is mined, steamed, blended and upgraded, and what decides whether upgrading pays — is evergreen; the production, cost, capacity and price figures are dated evidence for it, labelled with their reporting year and to be re-sourced when used. Spreads and differentials are annual averages or quarters, never a single day’s print, and no figure here is a valuation of any company. The two producers in Section 5 are hypothetical illustrations. Information only and AI-assisted — see the disclaimer.

The Oil & Gas Value Chain, Part 1: Upstream (2026)

Wed, 26 Aug 2026 18:00:00 +0200

Data as of 26 August 2026. The framework — how upstream earns, what a barrel costs, how reserves are graded — is evergreen; the production, reserve, cost and deal figures are dated evidence for it, labelled with their reporting year and to be re-sourced when used. Prices and breakevens are periods or averages, never a single day’s print, and the one worked barrel (Table 9) is a hypothetical illustration, not a valuation of any lease or company. Information only and AI-assisted — see the disclaimer.

The Oil & Gas Value Chain: World Oil & Gas Basins (2026)

Fri, 21 Aug 2026 10:00:00 +0200

Data as of 17 September 2026. How basins are classified — resource class, reservoir, hydrocarbon window, crude quality, extraction method and fiscal regime — is evergreen and is this guide’s spine. Production, reserves, assay and cost figures are dated benchmarks (mostly 2025, sourced beneath each table) to re-source before use; Middle East rows are 2025 baselines that predate the 2026 Hormuz disruption (Section 6.3). The guide is refreshed annually, after the mid-year OPEC and Energy Institute statistical releases. Section 10’s two producers are hypothetical illustrations. This report is for information only and was prepared with AI assistance — see the disclaimer at the end.