Asia Upstream’s Strategic Challenges

Asian companies have been on the back foot during the downturn, unlike the Majors, and yet many face steep declines in production in the early 2020s. They need to adopt a strategic approach to business development to build a self-sustaining, balanced a…

How To Reduce Upstream’s Carbon Intensity

The Upstream sector’s carbon emissions are set to increase by around 20% through the mid-2020s, a result of investment in growth resource themes such as LNG, oil sands & heavy oil. E&P companies need a clear strategy to tackle rising carbon intensity if they are to continue to attract capital.

Tight Oil’s Impact On Global Gas Markets

The focus of drilling activity in the Permian Basin has primarily been on tight oil but substantial volumes of gas will also be produced, and will grow at a similar rate into next decade. This has significant implications for US domestic gas supply & Henry Hub prices.

Shifting Risks In Global Oil Supply

The risks to global oil supply have been driven by changes in OPEC strategy or unplanned disruptions in geopolitical hotspots. The latter are waning, post Iran sanctions, & risks to supply are shifting to US tight oil, set for rapid growth & expected to meet much of the world’s incremental needs.

Resource yield in decline as tight oil booms

The ‘creaming curve’ is a touchstone for planning in any exploration team: indicating basin maturity by showing cumulative volumes of oil & gas discovered. Andrew Latham, our Head of Exploration Research, built a global curve for conventional exploration outside USL48. Three themes stand out.

OPEC underpins oil markets into 2018

If success is measured in averting a looming supply glut & bolstering OPEC budget deficits, then the 9 month extension of production cuts is a triumph of pragmatism. But the firmer oil price we expect can only embolden the US tight oil industry.

Needed – upstream strategies to win back investors

‘Underwhelmed’ sums up investors’ indifferent response to the Majors’ Q1 results. The flicker of positive share price movement barely made an impression. This despite trouncing expectations as upstream ‘delivered’ for the first time in nine quarters. What do they have to do to win back favour?