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Industry Themes - December 2013

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Report summary

Deepwater, US tight oil and shale gas are drawing a bigger share of majors' investment, actual US LNG exports are expected to be well below the potential volumes available for export in 2020. Developing the East Africa Rift Valley oil discoveries will depend on new pipelines, though routes and funding are yet to be decided. In Russia,LNG,tight oil and the Arctic are likely to attract investment from the IOCs. The nascent Black Sea exploration play is set for more exploration activity in 2014.

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