Insight
| |
3 Pages

US$153 billion cut from global upstream capital expenditure... so far


US$153 billion cut from global upstream capital expenditure... so far

Report summary

In response to the dramatic collapse in oil price, Wood Mackenzie has reduced its total global upstream capital expenditure (CAPEX) in 2015 and 2016 by US$153 billion. This represents a cut of 13%, from US$1.2 trillion to US$1 trillion, relative to our previous dataset. The deepest cuts come in the US Lower 48, but all regions are affected. More reductions are expected as companies continue to report upstream budgets.

What's included?

This report includes 1 file(s)

  • US$153 billion cut from global upstream capital expenditure... so far PDF - 436.02 KB 3 Pages, 0 Tables, 1 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Discretionary spend will be the first to go
  • US Lower 48 – where cuts have been quickest and deepest
  • Deepwater investment takes a plunge
  • Oil sands – spending to drop off slightly
  • LNG – impact yet to be felt
  • Wood Mackenzie’s response to the oil price drop

In this report there is 1 table or chart, including:

  • Discretionary spend will be the first to go
  • US Lower 48 – where cuts have been quickest and deepest
  • Deepwater investment takes a plunge
  • Oil sands – spending to drop off slightly
  • LNG – impact yet to be felt
  • Wood Mackenzie’s response to the oil price drop
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.