Operators to increase capex in 2023 although some might exit upstream operations: Westwood

Report highlights last year’s decrease in M&A activity although cash was king

Big business: EIG Global Energy Partners, led by chief executive Robert Blair Thomas, acquired 25% of Repsol’s upstream business last year.
Big business: EIG Global Energy Partners, led by chief executive Robert Blair Thomas, acquired 25% of Repsol’s upstream business last year.Photo: EIG
Published 3 February 2023, 04:20Updated 3 February 2023, 12:53