What’s new in our World?
We’ve selected interesting upstream-related articles, reports and technical papers that bring a different take on the future of oil and gas.
How much does the oil and gas industry needs to spend?
A Wood Mackenzie report - Dec. 2021.
Wood Mackenzie just published this report on the Upstream Capex needs to respond to supply & demand for the next couple of decades.
Providing solutions to the energy security challenge
By Sunstone Energy Advisory Services (SEAS), February 1, 2022.
A SEAS white paper exploring the energy security challenges facing the oil & gas industry.
Energy affordability: the issue everyone is ignoring
By Irina Slav - April 4, 2022.
A good reminder on how recent energy policies and world events can interfere with economic realities.
The world will not have enough oil to meet demand through 2050 unless exploration accelerates
By Rystad Energy - December 9, 2020.
The challenges to meet future energy needs with years of exploration investment hiatus
Big Oil could see proven reserves run out in less than 15 years
Oil and Gas Journal Editors - May 5th, 2021.
Analysis of current reserves estimates of IOCs. And how it may impact future supply.
It’s Too Late To Avoid A Major Oil Supply Crisis
By David Messler - June 17, 2021.
An interesting opinion piece by David Messler, an oil services “veteran,” about the dynamics behind the lack of investment in the oil and gas sector.
We are witnessing the perils of a disorderly energy transition
By Peter Tertzakian - October 20, 2021.
An insightful summary of the state of global energy supply and the effect of the “energy transition” on the energy market.
Exxon raises Guyana resource estimates after new discovery
Reuters - October 7, 2021.
An incredible journey since the Liza discovery in 2015.
The Complexities of Secure Energy Supply
GEO ExPro Vol. 18, No 5 - October 2021.
An insightful Q&A with renowned energy expert Dr. Scott Tinker shedding light on the future of energy in a transitioning world.
Russia Expands Its Influence In Major Iraqi Oil Fields
By Simon Watkin - Jun 08, 2021.
Russia & China influence over Iraqi oil fields is increasing, while IOCs are slowly trying to pull out.
Offshore project commitments count set for record in coming years, deepwater to have top growth
By Rystad Energy - March 3, 2021.
A short report, on the status of offshore commitment and investments.
Big Oil faces major reserves challenge as new discoveries fail to replace production
By Rystad Energy - May 5, 2021.
An insightful report on the future of IOC production, current estimated reserves and how IOCs will be pivot to the new “energy mix.”
Norway sees oil in its future despite warnings
A good example of a dual energy policy adopted by the Norwegian government with an emphasis on the importance of revenues generated by the oil & gas industry.
by Pierre-Henry Deshayes - June 12, 2021
Oil demand will rebound by 2022 and will grow for another two decades: OPEC
According to a recent Rystad report - “To meet global oil demand, future upstream spending will need to average US$380 billion per annum over the long-term.”
By Grant Smith - Oct 08, 2020
Global oil outlook to 2040 - Summary report
A global oil outlook report by McKinsey, showing some of the trends and forecasts in oil supply & demand to 2040, predicting a substantial gap in new oil projects by 2040.
By McKinsey - Feb. 2021.
Qatar pivots to LNG-hungry China in strategy shift
By Muyu Xu and Chen Aizhu - May 11, 2021.
Market diversification and changes being made to Qatar’s LNG strategy. China’s LNG consumption will see increase in demand and consumption in the near future, as the country is increasing its power generation.
Rosneft Warns of ‘Severe’ Oil Shortage Amid Hasty Energy Shift
By Olga Tanas and Dina Khrennikova - June 5, 2021.
How Rosneft is seeing the the near-future of oil and gas production, in the midst of the energy transition. This article offers a different view from mainstream narratives.
Offshore energy will power the world: 2021-2040 FPSO forecast
By David Boggs, Energy Maritime Associates - Aug 2021.
Highlighting some of the global trends and shifts in future offshore production.