Insight
Energy Snapshot: upstream industry themes - March 2018
Report summary
Budget announcements indicate that the industry is recovering but capital discipline remains. In the current oil price regime, most companies in our coverage will be cash positive over 2018/2019, suggesting a increase in potential for buy-backs and M&A. US liquid production is set to rise this year, despite an expected plateau in the rig count and a flattening in well productivity growth. Our latest analysis of future projects shows that the US Lower 48 will fill the majority of the oil supply gap, with deepwater becoming competitive once again, especially in Latin America. A reduction in the forecast LNG supply gap in the medium term is driving an increased emphasis on new projects. Strong Chinese demand and the decreased supply from Groningen are featured. We also take a deep dive into the complex seasonal economics of Yamal LNG, highlighting the advantages of ice-breakers. Finally, $525 million was recently offered in the deepwater exploration licencing round in Mexico.
Table of contents
- Investment options, deepwater competition up
Tables and charts
This report includes 1 images and tables including:
Other reports you may be interested in
Insight
Asia-Pacific upstream in brief
This rolling document gives our opinion and analysis of the latest events and trends in Asia-Pacific's upstream sector.
$1,350
Country Report
Montenegro upstream summary
An upstream sector with no discoveries and vocal opposition - Montenegro has no commercial oil and gas production but has been working ...
$3,400
Insight
Webinar: Oil & Gas Corporate Strategic Briefing - March 2024
On 21 March 2024, experts from our Corporate Research team discussed key topical themes impacting the oil and gas sector.
$1,350