New year, renewed positivity, as companies look to adapt and grow: Corporate week in brief
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Report summary
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.
What's included
This report contains
Table of contents
- Macro: Brent, oil and gas shares, 2016 look back
- Lead story: 2017 corporate outlook
- Companies: BP, 2017 E&P budgets, Iranian Petroleum Contract awards
- Exploration: Cyprus’ 3rd licensing round, PNG gas discovery
- M&A: Total, ONGC, Venado Oil and Gas
Tables and charts
This report includes 2 images and tables including:
Images
- Y-o-Y change in 2017 upstream capital budget (%) announced by Corporate Service coverage companies
- Corporate Dashboard
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