Independents on the Rise: How Private Players Are Reshaping Global Upstream Energy

“The rise of the independent is something everyone in the industry should be watching.” – Travis Smithard, CEO, Rhino Resources

The agenda at this year’s World Energies Summit continued to highlight a trend we’ve been tracking for some time - the growing influence of independent players in the global upstream sector.

A must-watch for anyone following the evolution of the upstream industry, Travis Smithard spoke to us at WES 2025, offering a clear perspective on why he believes independents are reshaping the landscape:

Private capital takes the long view allowing for strategic, patient investment.

Resilience in the face of uncertainty; private investment is better able to navigate macroeconomic shifts and regulatory changes.

Driving the next wave of exploration, appraisal and development, future investment will increasingly come from private sources.

Independents create greater strategic value for host countries and foster meaningful collaboration with key stakeholders.

Join us next year for more exclusive content from those driving upstream energy development.