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New year, renewed positivity, as companies look to adapt and grow: Corporate week in brief

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Lead stories: sector looking ahead to a year of stabilisation but also of opportunity. Macro: Brent settles at US$55/bbl; oil and gas shares power back in 2016 but subdued start to the New Year. Companies: BP closes in on ACG contract extension; 2017 budgets up 3% year on year; 29 companies pre qualify for Iranian IPC awards. Exploration: Eni Total and ExxonMobil/Qatar Petroleum set to snap up exciting acreage in Cyprus; gas discovery in PNG provides a boost for the PNG LNG partners. M&A: Total acquires more low breakeven Brazilian pre salt assets; ONGC buys domestic gas led growth; KKR backed Venado Oil and Gas makes Eagle Ford acquisition.

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    Corporate Dashboard - January 2017.pdf

    PDF 533.46 KB

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    New year, renewed positivity, as companies look to adapt and grow: Corporate week in brief

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This report includes 2 images and tables including:

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  • Y-o-Y change in 2017 upstream capital budget (%) announced by Corporate Service coverage companies
  • Corporate Dashboard

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