Global Upstream: 5 things to look for in 2017

We predict the cycle will turn in 2017 and confidence will start to return to the E&P sector bringing the crushing two year investment slump to a close. E&P spend will rise by 3% and at the forefront of the revival will be US tight oil. Costs will continue to fall though only marginally. But 2017 will demonstrate how much more efficient the E&P industry has become. We predict double the number of FIDs compared to 2016 and an increase in profitability for explorers and developers.