Insight

Global upstream: what to look for in 2016

This report is currently unavailable

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

22 January 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.  

Table of contents

  • Executive Summary
    • 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
    • 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
    • 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

Tables and charts

This report includes 1 images and tables including:

  • What to look for in 2016

What's included

This report contains:

  • Document

    Global upstream: what to look for in 2016

    PDF 347.92 KB

Other reports you may be interested in

Browse reports by Industry Sector