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7 Pages

Global upstream: what to look for in 2016

Global upstream: what to look for in 2016

Report summary

2016 will be challenging for the upstream industry as companies struggle through the oil price cycle. Capital budgets will be further cut and only the most robust, or strategically important, new projects will get the green light.  Opportunities will still exist despite the tough environment with new regions opening up and M&A opportunities aplenty.  

What's included?

This report includes 1 file(s)

  • Global upstream: what to look for in 2016 PDF - 347.92 KB 7 Pages, 0 Tables, 1 Figures


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.

  • Executive Summary
  • Europe, Middle East, Africa, Russia & Caspian
    • Sanctions lifted on Iran, Saudi to maintain production output
    • Eni to sanction the Zohr project
    • Sub Sahara Africa market awash with sellers, but where are the buyers?
    • Production to stagnate in Nigeria and Angola as investment cuts bite
    • Caspian: a year headlined by FID for Tengizchevroil Future Growth Project (FGP)
    • Russia - output to remain robust
    • North Sea activity to fall and fields at risk
    • M&A activity to pick up in Europe
  • Americas
    • Open season for drawing down DUCs
    • US GoM deepwater production will hit an all-time high, while smaller players will surprise with their strength
    • Canada LNG is a go
    • Exploration offshore Canada impresses
    • Mexico's deepwater round will be a success
    • Petrobras will not hit its US$15.1 billion divestment target by year end
  • Asia Pacific
    • No Australian LNG FIDS in 2016
    • Gorgon LNG – nearly there
    • China unconventionals – shale investment continues
    • China's 13th five year plan - upstream oil and gas reform expected
    • Fiscal reform – the dialogue begins
    • M&A is back – non-core divestment by the Majors

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

  • Executive Summary
    • What to look for in 2016
  • Europe, Middle East, Africa, Russia & Caspian
  • Americas
  • Asia Pacific
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