SORRY NO RESULT FOUND!
PLEASE TRY A DIFFERENT FILTER

Article

Prosperity postponed

May 2017 | Some stability returned to the OFSE sector in Q1 2017, with strong US onshore performance offsetting moderate decline elsewhere. However, prosperity has not yet arrived as oil prices went sideways.

Article

Implications of a border adjustment tax

May 2017 | The US is debating a number of trade and tax proposals, including a border adjustment tax (BAT) that could significantly affect both crude and refined product markets. The most likely impact of a BAT would be higher crude and product prices for US markets.

Article

Russia’s role in the OPEC supply cut agreement

May 2017 | Following the November OPEC deal to cut production, Russia has pledged to cut 300,000 b/d in H1 2017. We believe both the deal and its possible extension will have limited impact on Russia’s long-term production outlook. This article explores the deal's key limiting factors.

Article

Turkey’s floating LNG imports deliver cheaper gas and energy security

April 2017 | Turkey’s new floating storage and regasification unit (FSRU) will alleviate strain on seasonal imports and enables the country to diversify its sources of supply.

Article

Navigating the frenzy: 4 ways the Permian is leading US upstream M&A

April 2017 | The Permian took the lead in US upstream M&A in 2016, with deals amounting to fivefold the sum of those in the Eagle Ford and Bakken. A closer comparison shows that the rise of the Permian is not coincidental.

Article

Preserving the downturn’s upside

March 2017 | Plummeting prices forced oil and gas companies to get serious about rising production costs. They have. Now the challenge is to preserve those gains.

Article

Indonesia: a new El Dorado for Independent Power Producers in SE Asia

February 2017 | A comparison with other countries reveals that the percentage increase in power capacity from 2014 to 2025 is the highest for Indonesia (~156%), higher than that for India and China.

Article

There's no quick fix for a Bakken drilling rebound

February 2017 | Operators are moving back into the Bakken, but how will the budding recovery affect drilling in the formation?

Article

Brazil's investment environment: does the reward outweigh the risk?

February 2017 | Brazil is trying to transform into an attractive market to both upstream and downstream investors—and success is likely despite challenges.

Article

The role of gas demand creation in absorbing upcoming LNG supply surplus

February 2017 | LNG demand creation opportunities may be the answer to a developing global LNG supply glut over upcoming years.

Article

The rise of trading houses in the LNG world

January 2017 | Over the last 10 years, the LNG market has doubled in size and moved from long-term trade to spot sales, tenders, and gas benchmark-linked trade, along with an increase in re-trades and destination swaps.

Article

Evolving capabilities in an evolving LNG market

January 2017 | ‘Short-termism’ is growing in the LNG market, driving both LNG buyers and sellers to consider how their capabilities need to evolve to compete successfully in such a market.

Article

What slowing additions to refining capacity will mean to the industry

November 2016 | While refining capacity additions will be lower than expected, increasing complexity in the global refining system presents opportunities for refiners, traders, suppliers, shippers, and the EPC industry.

Article

As gasoline demand booms, don’t sleep on diesel

November 2016 | In 2015, gasoline-diesel differentials favored gasoline for the first time in many years, but the longer-term future favors diesel, and meantime refiners need to be able to swing between the two.

Article

Next wave of LNG capex to fall short of recent highs

November 2016 | Due to fewer projects that require construction and a drive toward a reduction in development costs, we may see the next wave of LNG capex peaking at a fraction of this decade's spend, posing a variety of challenges for LNG stakeholders.

Article

Meeting localization expectations of Saudi Aramco's IKTVA program requires rethinking the oilfield services value chain

October 2016 | The IKTVA program presents challenges for oilfield services companies serving in the Middle East.

Article

Decoding the US refiner’s exposure to RINs

October 2016 | Renewable fuel credit prices have been high in 2016 for US refiners. Evidence suggests much of this cost passes through, but market volatility and a lack of transparency may mean refiners are still exposed.

Article

Oil outlook to 2019: OPEC's role

October 2016 | The most recent OPEC provisional deal to constrain production could be pivotal in rebalancing of the global oil market, but the details are yet to be clarified. This article examines the impact of OPEC’s course of action on the path to oil price recovery by 2019.

Article

Regional refining margins: 2016 update

September 2016 | 2016 is proving to be a worse year for refining margins than 2015 across all regions. This article examines the factors driving margins on a regional level in Asia, Europe, and the Gulf Coast.

Article

Why labor requirements could pose a challenge for US shale oil recovery

September 2016 | The critical challenge for the shale oil industry's recovery will be to manage the interplay between offering higher compensation to attract workers into a volatile market while maintaining a low cost structure.

Article

Why has light tight oil production proven so resilient in the Permian?

September 2016 | The Permian basin has been extraordinarily resilient in the face of crashing oil prices due to a combination of operators' financial health and high resource upside, making it the leading growth engine for the US LTO industry.

Article

Oil production capex: is a rebound in sight?

August 2016 | Global oil production capex recorded 11% p.a. growth between 2010 and 2014, hitting an all-time high of ~USD520 billion before the oil price crash. 2 years on, capital expenditure has declined by more than 60% to an estimated ~USD200 billion in 2016.

Article

How many more LNG projects can the market handle?

June 2016 | The global LNG market is long, with supply exceeding demand and may be long until the middle of the next decade. Yet there is still a long list of liquefaction projects that are hoping to enter the market in the coming years. The question is, will they ever be built?

Infographic

Murky waters for offshore rigs: offshore drilling market overview and projections

June 2016 | Our infographic looks at offshore rig demand with projections to 2030

Article

The outlook for crude: a thought experiment

June 2016 | As the last 12 months have demonstrated, the energy sector is highly susceptible to market forces. Changes in GDP growth, further instability in oil prices, and an acceleration in the adoption of new technologies could all impact the outlook for the industry long-term.

Article

The drivers of global energy demand growth to 2050

June 2016 | Structural changes in the energy market are dragging down growth in demand, while a drive towards a lower carbon future, changes in consumer behavior, and technological innovation are shifting supply emphasis towards renewables.

Article

OPEC meeting ends in disagreement, but market rebalancing still on track

June 2016 | The OPEC meeting in Vienna ended with a decision to stay firm to the current strategy and take no further actions towards directly intervening in the market

Article

What does the future hold for offshore drilling? Four feasible market scenarios

May 2016 | By identifying feasible market scenarios, rig owners can position themselves to respond appropriately when oil prices recover and the market starts to turn. So what are these potential scenarios – and the influences driving them?

Article

Five key trends in the offshore market: what can rig owners do to remain operational in the face of challenging conditions?

May 2016 | The global drop in oil prices has hit the offshore drilling industry hard, so what trends are we seeing as a result of current conditions?

Feature

Quarterly Perspective on OFSE: Q1 2016

May 2016 | The first quarter of 2016 proved to be the toughest so far in the prolonged downturn for the oil & gas industry. Operator capex fell sharply, taking OFSE sector revenues with it. Margins also fell as companies downsized to fit the smaller market and control costs.

Article

Impact of gasoline and diesel subsidy reforms: India case study

May 2016 | With the fall in crude prices, a number of countries have begun to remove fuel price subsidies. This has resulted in a significant reduction of governments’ fiscal burden and impacted supplier competitive dynamics.

Article

Doha non-deal not expected to affect timing of market rebalancing

April 2016 | Non-deal in Doha will have a short-term impact on prices but limited long-term implications on the rebalancing of the market.

Article

The state of crude prices: markets likely to remain oversupplied well into 2017

April 2016 | Under current conditions, it is unlikely that the crude oil market will return to a sustainable supply-demand equilibrium for at least another 24 to 36 months without a radical shift in OPEC behavior.

Article

Low oil prices pushing offshore rig owners towards innovation

April 2016 | In the face of declining revenue and maturing debt amidst low oil prices, struggling drilling rig owners are innovating to increase liquidity by using new operational and financial solutions.

Article

US crude exports ban lifted: the implications for crude pricing

February 2016 | At the end of 2015, the US congress fully liberalized exports of all grades of US crude oil, removing obstacles to market based flows and pricing. In this insight article, we examine the implications of this liberalization for crude pricing.

Article

New LNG markets to carry future growth in demand

February 2016 | While stagnating demand in traditional LNG markets may indeed be today’s reality, new and recently opened LNG markets are key to the growth in demand that producers will be hoping to see in the coming years.

Article

A shift in light/heavy differentials: magnifying margins for complex refiners

February 2016 | In the last six months, the pricing of residual fuel shifted to a lower pricing relationship versus crude. This demand-driven shift, if sustained and coupled with a rise in global crude prices, could result in growing margins for refiners.

Article

Europe’s stagnant gas market—where does the opportunity lie?

January 2016 | Of the world’s gas markets, Europe appears to be the tightest in terms of commercial opportunity in the next few years, as a slowing of demand coincides with low prices and supply surplus.

Article

Refining Capacity Outlook to 2020: 2015 Developments

November 2015 | The latest results from the McKinsey refinery capacity additions survey indicate that net refinery capacity additions continue to be high in comparison to history.

Article

Can the global gas market rely on pent-up Asian demand?

November 2015 | Gas market forecasters agree that Asia will continue to be the main driver for global gas demand until 2030. China, India, Pakistan and ASEAN look set to account for more than 90% of total new volume demand over the next 15 years.

Article

LNG outlook: what price will gas pay for the low cost of oil?

October 2015 | The outlook for LNG over the next 15 years looks to be a game of two very different halves. Short term, new infrastructure projects and export routes will satisfy the marketplace and move towards price convergence.

Article

Mexico’s oil hedges for 2016

October 2015 | Mexico’s Ministry of Finance started hedging some of its 2016 oil output this year to safeguard oil revenues that accrue to the government. The hedge took place through purchases of options to sell its Maya crude and Brent—at a cost of $1.09 billion in options premiums.

Article

Changing crude slate for Asian refiners

October 2015 | The Middle East is set to increase its crude exports to Asia by more than 2.5 million barrels per day by 2025 as Asia's dependence on out-of-region crude increases and domestic crude production falls.

Article

Are refiners prepared for a reduction in Russian heavy feedstocks?

September 2015 | Refiners have benefited from heavy feedstocks from Russian refineries but a combination of factors will likely reduce these exports leaving refiners dependent on these volumes with a business challenge

Article

Giant gas field discovery in Egypt likely to impact global gas markets

September 2015 | The discovery of a super-giant 850 bcm natural gas field in the deep-water Sohar basin offshore Egypt will have strategic implications for Egypt, the Eastern Mediterranean region and the global LNG market.

Article

European gas-to-power: 5-year low in gas prices insufficient to power gas renaissance

August 2015 | The European power market has seen a sharp drop in the utilization of gas-fired capacity, with gas prices in 2015 falling to a five year low, some observers anticipated a gas-to-power renaissance.

Article

Iranian comeback and its implications for short-term oil prices

August 2015 | Now that Iran, the US and other members of the international community have reached a deal to end sanctions, Iran is once more free to export oil as it sees fit.

Article

Testing the waters: US condensates exports take off

August 2015 | Growing supplies of US condensate have resulted in a supply glut and deeply discounted prices, but is there an opportunity there?

Article

Quarterly Perspective on OFSE: Q2 2015

August 2015 | Although June saw some proclaim the bottom had been reached and it was time for activity increases, the recent oil price decline has increased cautiousness about future spending.

Article

Impact of Groningen cap on European natural gas markets flexibility

July 2015 | Upstream flexibility has been declining in the North West European natural gas markets since the turn of the century and recent further limiting of the Groningen natural gas fields’ production will only accelerate this process.

Article

Brownfield expansion projects will reconfigure the US LNG market

June 2015 | With the first wave of US LNG export facilities coming online early 2016, there is renewed interest in the potential LNG export volumes from North America.

Article

Despite low oil prices and a weak medium-term outlook, LNG has a bright future

June 2015 | There is the need for ~15 new LNG trains by 2025 and over double that by 2030. Players should look past the structural loose market in the medium term and push ahead with FIDs for this growing market.

Article

Offshore floating rigs – from bad to worse

May 2015 | Sustained low oil prices, further project delays for non-economic reasons, and a freeze in exploration spending are hitting the offshore rig market

Article

Impact of low crude oil prices on refining

February 2015 | The recent fall in crude oil prices has coincided with both higher and lower profitability in the downstream sector, depending upon which region one considers. Here we look at the impact by region.