Name: Why the NOCs should return to international business development
Brand: Wood Mackenzie
SKU: 173132
Price: 1350 USD
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Author: Wood Mackenzie

Insight 27 June 2024

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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NOCs were once big spenders in international upstream business development (BD) but recent activity has slumped. A series of deals gone wrong – exacerbated by the 2014/15 oil price crash – have dampened M&A, with many Asian NOCs, doubling down on the development of local resources. But with M&A valuations attractive – relative to prevailing commodity prices – and financial ratings at all-time highs, the drivers for NOCs to invest in existing portfolios AND fill strategic gaps have never been stronger. Will they step up? In this Insight, we answer the following questions: Chinese NOCs: will they overcome bureucratic red tape to do deals? Asian NOCs: why are they about to reach an inflection point in gas? Middle East NOCs: why are they fast-tracking international expansion? Exploration: what is driving an improvement in NOCs' international performance? M&A: what will the NOCs look to buy?</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

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            Executive summary
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        <ul id="04406efb-c9a3-4dea-9c3f-96507b74ca2e" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        NOCs' international BD spend has slumped
    </li>
    <li class="push-quarter--bottom">
        The case for international BD remains strong
    </li>
    <li class="push-quarter--bottom">
        Each NOC's unique mandate creates idiosyncratic drivers
    </li>
    <li class="push-quarter--bottom">
        Asian and Chinese NOCs look to reduce import reliance
    </li>
    <li class="push-quarter--bottom">
        Middle East NOCs emerge as major M&A players
    </li>
    <li class="push-quarter--bottom">
        Africa and Latin America’s NOCs: same goals, different strategies
    </li>
    <li class="push-quarter--bottom">
        NOCs have the financial strength to fast-track international BD
    </li>
    <li class="push-quarter--bottom">
        The time is now – acquire or explore?
    </li>

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<p class="push-half--bottom">This report includes the following images and tables:</p>

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         <li class="list__item push-quarter--bottom">Drivers and appetite for International BD</li><li class="list__item push-quarter--bottom">NOC international BD spend by peer group</li><li class="list__item push-quarter--bottom">NOC international BD spend by type</li>
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        <ul class="list list--bullets panel-toggle" id="73861314d7574cc59a435484b531903c">
            <li class="list__item push-quarter--bottom">NOCs by host country's hydrocarbon import/export status</li><li class="list__item push-quarter--bottom">Production indexed to 2024 based on status*</li><li class="list__item push-quarter--bottom">Production by NOC peer group</li><li class="list__item push-quarter--bottom">Liquids supply and demand gap*</li><li class="list__item push-quarter--bottom">Gas supply and demand gap*</li><li class="list__item push-quarter--bottom">Asian NOC production</li><li class="list__item push-quarter--bottom">Asian NOC production indexed to 2024</li><li class="list__item push-quarter--bottom">Middle East NOCs’ recent resource capture</li><li class="list__item push-quarter--bottom">Share of international value and reserves by peer group</li>
                <li>10 more item(s)...</li>
        </ul>
        
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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Why the NOCs should return to international business development</p>
<p class="uppercase delta">
    <span>PDF</span>
    <span>1.59 MB</span>
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</li><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Why The Nocs Should Return To International BD SLIDEPACK.pdf</p>
<p class="uppercase delta">
    <span>PDF</span>
    <span>958.12 KB</span>
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