Special Report
2021Future Outlook Survey Results
Published: March 2021
This annual survey report covers the key trends and factors that will likely impact your business whilst helping you to benchmark your business decisions against those of your peers. In it, our members to share their opinions on some of the key issues affecting the upstream energy industry of today and tomorrow.
A few highlights from the report include:
- There is still an appetite to invest in, and finance, oil & gas projects; according to over 60% of our participants, there is capital available for those who want it, RBL is not dead (47%) and there is a future for Private Equity (82%)
- Positive news flow around the vaccine, the gradual decline in US shale production and the move by OPEC+ to restrain output into mid 2021 have all provided the impetus for WTI to rise firmly into the $50s and stay there according to over 50% of respondents
- The Energy Transition continues in earnest with 55% of respondents actively preparing for a transition to a less carbon-intensive energy mix
Download Report
Complete the form to download your complimentary copy of the survey results.
You might also be interested in
Making the case for upstream investment in 2022
Many doubts arise when considering investment into Upstream in 2022; will there be expanded restrictions on funds and financiers, or will there be a repeat of the demand slump in early 2021, or will OPEC+ utilize their reserves to shift the price point to one that suits their objectives best. Such uncertainties will often worry the generalist investor but for the energy specialist with experience of the oil and gas cycles, the near future looks far more enticing. read more
Global Methane Pledge – A collaboration against climate change
The Global Methane Pledge seeks to acknowledge the agreements that have preceded it and to build greater action upon those collaborations. Led by the US and the EU, together with 17 major economies, the Pledge was launched at COP26 to “catalyze global action and strengthen support for existing international methane emission reduction initiatives to advance technical and policy work that will serve to underpin Participants’ domestic actions.” read more
Asian LNG – A bountiful era for natural gas producers
The global energy crunch has reintroduced vigour into the oil and gas markets, especially in Asia Pacific where the soaring demand for LNG as a replacement for oil and coal has led to a high-cost environment that doesn’t appear to be slowing. read more
On Demand: Kongsberg Digital: Creating value through the digitalisation of an Integrated Energy Project
Kongsberg Digital and The Energy Council came together with energy experts to bring different perspectives on how companies can achieve optimization and drive value. read more