‘Allow the Market to Play a Decisive Role’ — Signals for China’s Energy Reform
The Chinese government emphasised more comprehensive market reforms. We believe that the energy reform should not be evasive and that it must be about energy price reform...
A Giant Burdened With A Dream — Petrobras Struggling in Brazil
- Petrobras’ oil production down by c. 3% y-o-y for Q1-Q3, production targets revised down by up to 1 million b/d by 2020
- Q1-Q3 E&P spending up ...
Bright Lights, Big Cities — The Dream of East African LNG
- Australia, Mozambique and Tanzania all plan to bring significant LNG capacity to the market by 2018, not all of which seems completely realistic
- Moz...
Price Stabiliser with Uncertain Future — US Tight Oil
- A broad range of US LTO production forecasts from 2.8 million b/d (EIA reference case) to over 6 million b/d (Credit Suisse) by 2020
- US LTO producti...
Deepwater West Africa — Diving for the Black Pearl
- Angola at the forefront of the deepwater oil boom
- But pre-salt prospects have not yet yielded Brazil-like results
- Ultra-deep floater mark...
Global Oil Products Trade — The Rise of Middle Distillates
- US tight oil production and infrastructure debottlenecking turned US into net exporter of petroleum products
- However, rising diesel demand and falli...
North Sea Drilling – Brownfield Revivals & Deepwater Opportunities
Exploration drilling in the Norwegian Barents Sea has increased and will continue to grow. Development drilling will see growth in both the Norwegian and UK North Sea. We...
LNG in Russia — Talk in the Air
- Russian gas export policy naturally supportive of Gazprom
- Yet Gazprom’s monopoly threatened by international market developments and extensive lob...