Energy Snapshot: Industry Themes - June 2016
Get this report
$1,350
You can pay by card or invoice
Report summary
As the oil market begins to show signs of balance, we examine how the energy industry has responded sharply to the fall in the oil price with a steep reduction in investment and costs. Since Q4 2014, we have removed US$370 billion (30%) of capital expenditure across 2016 and 2017, and, looking further out to 2020, the number is US$620 billion (22%). The industry has sought to cut costs and this has taken many forms with project deferrals, re-working proposed projects, productivity gains and cuts in higher cost regions. Regionally, the deepest cuts have been in the US Lower 48, where capital investment has halved in 2016-17. Elsewhere, there are some surprises with investment actually strengthening in North Africa and the Middle East as well as in Russia on a local currency basis.
Table of contents
- The response of the industry to lower oil prices
Tables and charts
This report includes 1 images and tables including:
- Energy Snapshot: Industry Themes - June 2016: Image 1
What's included
This report contains:
Other reports you may be interested in
09 May 2016
Energy Snapshot: Industry Themes - May 2016
Energy Snapshot: Industry Themes - May 2016
This month we look at exploration, North America gas markets, onshore Brazil, de-commissioning in the UK, financial health of E&Ps, and more
$1,35031 October 2016
Energy Snapshot: Industry Themes - November 2016
Energy Snapshot: Industry Themes - November 2016
In this Energy Snapshot we review oil market dynamics, breakevens in the Middle East, upstream costs, exploration, USL48 producers and more.
$1,35020 January 2017
Energy Snapshot: Industry Themes - January 2017
Energy Snapshot: Industry Themes - January 2017
This month we focus on increased upstream activity, including corporate dynamics, M&A and investments, oil & gas market dynamics, and more.
$1,350
