PRESS RELEASE A delayed energy transition could make or break the upstream sector Prices would rise, capital discipline evolve and spending increase by 30% for the upstream sector to meet demand in a delayed energy transition scenario LONDON/HOUSTON/SINGAPORE, 16 January 2025 – As the risk of a delayed energy transition scenario increases, so does the possibility of a much greater pull on future oil & gas supply. But meeting this demand would require a significant increase in upstream investment, resulti ...