Europe Oil and Gas Report - Business Monitor International - Industry Reports

Europe Oil and Gas Report

Europe Oil and Gas Report - Business Monitor International - Industry Reports
Europe Oil and Gas Report
Published Oct 01, 2016
80 pages — Published Oct 01, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Crude production growth in North America will moderate over the next decade as sustained oil price weakness deters substantial levels of capex. Over the next three years, growth is primarily attributed to Canadian oil sands production as the current upstream project pipeline concludes. ...As such, we see risk of continued consolidation in the oil sands market over the next few quarters. We expect total US liquids will contract by approximately ---,---b/d (-.- y-o-y) in ---- as falling oil prices undermine further development of shale plays, outweighing growth in deepwater acreage. Beyond ----, unconventional production will strengthen on the back of higher benchmark prices and more efficient operations, with the stacked Permian play leading the charge. ...Beyond ----, unconventional production will strengthen on the back of higher benchmark prices and more efficient operations, with the stacked Permian play leading the charge. However, we caution that gains will be more modest than in years past in light of weak demand growth.

...After years of steep production declines, Western European oil production increased in ----, a trend we believe will remain positive until ----. Norway and the UK have benefited from increased investment in North Sea resources, which will support the development of several upstream projects over the next five years. ...After years of steep production declines, Western European oil production increased in ----, a trend we believe will remain positive until ----. Norway and the UK have benefited from increased investment in North Sea resources, which will support the development of several upstream projects over the next five years. In ----, oil production in the UK grew for the first time in -- years. ...A post- Brexit depreciation in the pound will be supportive of this. In Norway, a substantial recovery in oil prices would pose upside risk to long-term oil production, with several development projects such as Snorre ---- that could be sanctioned, and greenfield projects such as Castberg in the Barents Sea.

...Within an environment of lower commodity prices, we expect less robust US natural gas output than in previous years. Producers will reallocate capital expenditure toward wetter gas plays, weighing on production form drier acreage. ...

  
Source:
Document ID
2398-0796
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Europe Oil and Gas Report" Oct 01, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Europe-Oil-and-Gas-Report-2026-1952>
  
APA:
Business Monitor International - Industry Reports. (2016). Europe Oil and Gas Report Oct 01, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Europe-Oil-and-Gas-Report-2026-1952>
  
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