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?