Latest reports & insights

  • |

  • |

  • |

  • |

  • |

  • |

More Reports & Insights

Our views

Corporate capex cuts impact future growth Jul 2016

Corporate capex cuts impact future growth

Over the last 12 months there has been an unprecedented level of cost cutting in the upstream energy sector. The price needed for companies to be cash flow neutral has fallen dramatically but production growth is faltering as a result of severe cuts to investment.    

 

US Lower 48 alone sustains $150B in capex cuts to 2017 Jul 2016

US Lower 48 alone sustains $150B in capex cuts to 2017

With nearly US$1 trillion to be slashed from upstream capital spend globally out to 2020, the US Lower 48 is in a unique position, accounting for US$250 billion in cuts over the next five years, or one quarter of the global total. Unconventional operators in the Lower 48 have been particularly responsive to the oil price collapse, prompting a dramatic drop in capex spend and high-grading development to the core areas. Our US upstream research analysts look deeply into the causes, correlations and projections associated with these capex cuts in the first of our regional spending cuts series.