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Special Report

2021Future Outlook Survey Results

Published: March 2021

DOWNLOAD THE REPORT
2021 Future Outlook Survey Report

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.

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Is Gas the Answer to a Pragmatic, Smart and Secure Energy Transition?

Is Gas the Answer to a Pragmatic, Smart and Secure Energy Transition?

Using gas as a bridge to transition is not a new concept but if the goal is to lower emissions whilst still providing affordable and reliable energy for all, one could argue that natural gas could, and should, be the bridge that can enable transition – cutting emissions in the short to medium term and solving the intermittency issue of renewables until the clean energy markets are more established. read more

Industry Next Steps – A View of the North Sea’s Future

Industry Next Steps – A View of the North Sea’s Future

The development of new oil and gas fields, and the continued exploitation of mature assets, had become a sticking point in the energy transition discussion. Yet such a discussion did not quite take into account the geopolitical interferences, energy demand and energy security needs that could arise unexpectedly - some may say foolishly. Fortunately, the energy sector has ramped up drilling activity to take advantage of the reprieve shown to North Sea operators. Herein, the Energy Council looks at the next steps of the industry players active in the region and where their futures may lie. read more

How continued investment into North Sea E&P plays a crucial part in advancing the energy transition

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As European states continue to explore their options to secure a greater diversity of energy away from Russia, what is available to them – within the context of the energy transition – is slim. With that in mind, the North Sea’s oil and gas producers do stand alone as the most progressive players when it comes to engaging on their energy transition commitments. With consumer prices reaching unsustainable levels for a prolonged period, while the climate shifts continue on their downward spiral – the Energy Council examines how continued investment into North Sea E&P can play a crucial role in advancing the energy transition. read more

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