• Our Networks
  • Energy CouncilThe Energy Council
  • Climate Council
  • World Refining Association
Energy Council
  • How It Works
    • Our Story
    • Executive Team
    • Women’s Council
      • 275 Top Female Executives
    • Success Stories
    • Contact Us
  • Resources
    • Market Intelligence & Interviews
    • Investor Insights Series
    • Webinars
    • Podcasts
      • Investor Series Podcasts
      • Women’s Council Podcasts
    • Monthly Newsletter
  • Events
  • Partner
    • Why Partner
  • Investor Access
  • Membership
Select Page

Special Report

Making the case for upstream investment in 2022

Published 14th January 2022
by David Stent, Content Manager, Energy Council

The pandemic years of 2020 and 2021 inflicted troubles onto the market that were difficult, if not impossible, to forecast. The initial period of uncertainty led to a record number of contracts entering a state of force majeure, industrial and manufacturing demand bottomed out and the lack of information about how society will adapt all led to a widespread cessation of investments into oil and gas exploration and production. One result of these inhibitors is inevitably lower production schedules and a raft of delayed projects that naturally take time to gain momentum once more. The consequence herein is that production volumes are dominated by national actors who seek to reverse their losses over the initial demand slump by maintaining high-price levels as demand returns to a normalcy.

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.

State of the markets

Demand for oil and gas shows little sign of ceasing over the medium-term as economies seek to balance their climate commitments with consistency of supply. The prevailing expectation is that the energy transition will not be the end of the oil and gas sector, instead global demand will continue to drive strong returns as we have seen over the past year.

Initial concerns that the high transmissibility of the Covid Omicron-variant would trigger a similar demand collapse as early 2020 has largely failed to materialize while unexpected supply constraints have helped to maintain oil above $80/barrel – a price point that should bolster investor confidence looking ahead to the new year.

Of course, climate ambitions have introduced uncertainty toward how regulatory changes may inhibit oil and gas investment and finance, yet the belief among most states and regional blocs is that O&G resources will remain crucial to economic activity. Moreover, following the economic damage of Covid lockdowns, travel restrictions and supply chain hiccups – most governments are reluctant to place any extra burdens on their short-term economic recoveries.

Absolute investments on the up

As projects regain their momentum, there will be a steady increase in upstream investment compared to the previous two years with Rystad’s research pointing to $456 billion in capital committed to upstream investment across upstream oil and gas markets this year. The figure represents a 9% increase on the $418 billion, most of which came from the $307 billion to upstream oil projects with the remaining $149 billion in upstream gas investments.

Much of these investments have been committed over the course of the previous two years and will be reflected in the development of a range of Greenfield projects – this commitment to developing new assets reflects the growing belief among upstream players that price levels will remain at elevated price points.

Upstream natural gas and LNG developments reflect the largest growth in investments, up 14 % from 2021, as demand for the fuel accelerates as a more carbon-friendly alternative to oil and coal. This has been reflected in the success of the natural gas funds that saw a year-end period of historical high prices. The focus on gas is further with the 18% increase in global upstream shale investments.

Fund performances

While 2020 left a bitter feeling as stocks plummeted, the converse was largely true for 2021 in which investors saw many energy funds grow with exceptional value. Naturally, the riskier (and more costly) complex funds benefited from the higher year-end surge with up to 165% returns, while the more prominent index funds ended up ‘only’ 56% higher, according to the Wall Street Journal's top energy funds for 2021.

One of the more popular energy index funds, State Street Advisor’s Energy Select Sector SPDR ETF (XLE) grew steadily to end the year up 53% with a low expense ratio of just 0.19%. However, the standout ETF over the past year went to First Trust Natural Gas’ ETF (FCG) – up 89% by year-end buoyed by record natural gas prices toward the end of 2021 as it tracked the ISE-Revere Natural Gas Index.

Vanguard’s ETF (VDE) is a sound bet for those with a lower risk appetite spread across a diverse set of oil and gas companies (as well as other select commodities) and finished the year 56.2% up. Invesco’s Dynamic Energy Exploration & Production ETF (PXE) was another success story with their focus on upstream oil and gas benefiting from year-end highs and finishing 2021 up 103%.

The Complex Funds of Direxion’s Daily S&P Oil & Gas Exploration & Production Bull 2X Shares (GUSH) came in 130% at year-end and of MicroSectors’ U.S. Big Oil Index 3X Leveraged ETN (NRGU) finishing up 165%.

Individual Stocks

Of the individual stocks to choose from, the supermajors and large independents have shown their resilience with strong gains on the previous years’ subdued performances. Stand out performances from ConocoPhillips (NYSE:COP) saw 52-Week Returns up 80.4%; ExxonMobil (NYSE:XOM) enjoyed a strong year up 53.2%; while BP (NYSE:BP) gained 26% – despite each remaining below pre-pandemic levels, their capacity to weather price shocks has allowed for robust rebounds.

The large independent gas producers, Cenovus and Cheniere, excelled after a suppressed start to 2021. As gas prices rose so too did their stock, Cenovus witnessed a superb 104% increase in their share price from January 1st 2021 to 2022 and Cheniere enjoyed a 60.4% stock price jump over the same period.

Forbes notes that “the average upstream company gained 127.4% in 2021”, and that 26 of the 55 companies analysed as upstream operators enjoyed returns greater than 100% for the year. The winner, in terms of overall gains, was Baytex Energy who saw a phenomenal year with a return of 476.5%.

Final considerations for 2022

Looking forward to the new year the markets have remained bullish in the face of fresh Omicron fears that may lead to supply disruptions. Two years into the pandemic the risk appetite is returning and the specialist energy investors are making hay while the sun still shines on oil and gas.

Consumer demand is expected to grow once more in light of more established Covid protocols, higher vaccine uptake and an acceptance of the endemic nature of the virus. The inability of COP26 to establish new frameworks to cut emissions further strengthen the position of oil and gas producers who were wary of new barriers to production. That being said, ESG measures are expanding and those who are proactively engaging with the transition may stand out as preferable stock picks.

While some quarters are wary of a demand decline that collapses oil prices, the prevailing thought is that both will maintain their position above $70/barrel for Brent Crude. JP Morgan holds the boldest view, that oil will surpass $125/barrel in 2022 and $150/barrel in 2023. Few share this stance, Rystad are closest to forecast an outlook of $100/barrel, dependent on OPEC’s actions. Two more conservative outlooks come from Goldman Sachs forecasting $73/barrel and Standard Chartered with a $75/barrel outlook for 2022 – a position that holds against a Reuters poll of 35 economists that averaged $73.57/barrel. The EIA is even more conservative with a $62/barrel price point for the WTI by year-end 2022.

Natural gas prices are expected to fall from their record year-end highs, stabilized by a milder winter, increased production volumes and the restoration of storage capacity. While it will still be some time before oil and gas prices are consumer friendly, the elevated position remains positive for investors.

You might also be interested in

 

  • All
  • Report
  • Exploration & Production
  • Featured
  • Investment & Finance
Podcast: Wil VanLoh, Founder and CEO, Quantum Energy Partners

Podcast: Wil VanLoh, Founder and CEO, Quantum Energy Partners

WECA 2023: Advisory Board Key Takeaways

WECA 2023: Advisory Board Key Takeaways

The Oil & Gas Leaders to Watch in 2023

The Oil & Gas Leaders to Watch in 2023

Investor Insight Series Ep9: Megan Hays

Investor Insight Series Ep9: Megan Hays

New York Energy Capital Assembly 2023: Advisory Board Key Takeaways

New York Energy Capital Assembly 2023: Advisory Board Key Takeaways

Podcast: Joel Riddle, Managing Director and CEO at Tamboran Resources

Podcast: Joel Riddle, Managing Director and CEO at Tamboran Resources

Executive Interview: Francesco Mazzagatti, Chief Executive Officer, Viaro Energy

Executive Interview: Francesco Mazzagatti, Chief Executive Officer, Viaro Energy

Investor Insight Series Ep8: Emily Rodgers

Investor Insight Series Ep8: Emily Rodgers

Is the Oil & Gas Industry Doing Enough to Manage Its Reputation?

Is the Oil & Gas Industry Doing Enough to Manage Its Reputation?

Investor Insight Ep7: Brian Gilvary

Investor Insight Ep7: Brian Gilvary

Investor Insight Ep6: Andrew Baxter

Investor Insight Ep6: Andrew Baxter

Podcast: Toby Rice, President & CEO at EQT Corporation

Podcast: Toby Rice, President & CEO at EQT Corporation

Podcast: Martha Vasquez, Associate Director Upstream Oil & Gas at BCG

Podcast: Martha Vasquez, Associate Director Upstream Oil & Gas at BCG

Investor Insight Ep5: Jake Barnett & Patrick Peura

Investor Insight Ep5: Jake Barnett & Patrick Peura

Podcast: Bobby Tudor, CEO at Artemis Energy Partners

Podcast: Bobby Tudor, CEO at Artemis Energy Partners

Executive Interview: Simon Tysoe, Partner at Latham & Watkins

Executive Interview: Simon Tysoe, Partner at Latham & Watkins

Executive Interview: Lars Eirik Nicolaisen, Deputy CEO, Rystad Energy

Executive Interview: Lars Eirik Nicolaisen, Deputy CEO, Rystad Energy

Podcast: Diana Glassman, Director – Engagement, EOS at Federated Hermes

Podcast: Diana Glassman, Director – Engagement, EOS at Federated Hermes

Executive Interview: Dan Morrison, Industry Principal Consultant O&G, Hexagon, in Partnership with Progressive TSL

Executive Interview: Dan Morrison, Industry Principal Consultant O&G, Hexagon, in Partnership with Progressive TSL

North America Energy Capital Assembly Award Winners 2022

North America Energy Capital Assembly Award Winners 2022

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

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

Podcast: Grayson Andersen, Head of Capital Markets, ReconAfrica & Román Rossi, Vice President, Research Analyst, Canaccord Genuity Corp

Podcast: Grayson Andersen, Head of Capital Markets, ReconAfrica & Román Rossi, Vice President, Research Analyst, Canaccord Genuity Corp

Expert Insight: Kongsberg Digital: Why digitalization should be a driver for energy investments

Expert Insight: Kongsberg Digital: Why digitalization should be a driver for energy investments

Executive Interview: David Hindman, Managing Director, AlixPartners

Executive Interview: David Hindman, Managing Director, AlixPartners

Podcast: Asha Mehta, Managing Partner & CIO at Global Delta Capital

Podcast: Asha Mehta, Managing Partner & CIO at Global Delta Capital

Investing in the North Sea is the most effective route to low-carbon oil and gas production

Investing in the North Sea is the most effective route to low-carbon oil and gas production

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

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

Awards Shortlists Announced for the 2022 North America Energy Capital Assembly

Awards Shortlists Announced for the 2022 North America Energy Capital Assembly

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

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

Executive Interview: Dr Gabriel Onagoruwa – Chair, Finance and Project Development at Olaniwun Ajayi (UK) LLP, London

Executive Interview: Dr Gabriel Onagoruwa – Chair, Finance and Project Development at Olaniwun Ajayi (UK) LLP, London

How can existing energy infrastructure be transformed into something that is suited to a diverse energy mix?

How can existing energy infrastructure be transformed into something that is suited to a diverse energy mix?

The role of the oil & gas supply chain in accelerating and supporting the energy transition

The role of the oil & gas supply chain in accelerating and supporting the energy transition

Executive Interview: Tassos Vlassopoulos, CEO, HELPE Upstream – A Deep Dive into CCS

Executive Interview: Tassos Vlassopoulos, CEO, HELPE Upstream – A Deep Dive into CCS

Renewed Interest in APAC E&P – Are the tides turning for Upstream investment in the region?

Renewed Interest in APAC E&P – Are the tides turning for Upstream investment in the region?

New York Energy Capital Assembly 2022 Takeaways

New York Energy Capital Assembly 2022 Takeaways

The practical steps oil & gas companies can take to decarbonize their portfolios and improve their ESG ratings

The practical steps oil & gas companies can take to decarbonize their portfolios and improve their ESG ratings

The Moral Dilemma: Is the Russian Invasion Forcing Investment into Oil & Gas?

The Moral Dilemma: Is the Russian Invasion Forcing Investment into Oil & Gas?

The Energy Council's E&P Companies to look out for in 2022

The Energy Council's E&P Companies to look out for in 2022

Executive Interview: Kaveh Pourteymour, Founder & CEO, CIO Global Solutions

Executive Interview: Kaveh Pourteymour, Founder & CEO, CIO Global Solutions

Webinar: The Moral Dilemma: Is the Russian Invasion Forcing Investment into Oil & Gas?

Webinar: The Moral Dilemma: Is the Russian Invasion Forcing Investment into Oil & Gas?

The Energy Council News Round-Up: A selection of Russia-Ukraine energy analyses

The Energy Council News Round-Up: A selection of Russia-Ukraine energy analyses

Global gas report – the effects of the Russo-Ukrainian War on global supply

Global gas report – the effects of the Russo-Ukrainian War on global supply

Energy Council 2022 Global Industry Survey Report

Energy Council 2022 Global Industry Survey Report

Canada Energy Dinner Lifetime Achievement Award 2022

Canada Energy Dinner Lifetime Achievement Award 2022

Women's Energy Council Executive of the Year 2022

Women's Energy Council Executive of the Year 2022

On Demand: Upstream Finance in 2022: How are E&P players accessing capital?

On Demand: Upstream Finance in 2022: How are E&P players accessing capital?

The energy transition strategies available to the oil & gas majors

The energy transition strategies available to the oil & gas majors

The role of oil & gas technology in reaching the world’s decarbonisation goals

The role of oil & gas technology in reaching the world’s decarbonisation goals

Podcast: Benjamin Colton, Global Head of Asset Stewardship – Voting & Engagement, State Street Global Advisors

Podcast: Benjamin Colton, Global Head of Asset Stewardship – Voting & Engagement, State Street Global Advisors

Making the case for upstream investment in 2022

Making the case for upstream investment in 2022

Global Methane Pledge – A collaboration against climate change

Global Methane Pledge – A collaboration against climate change

The Outlook for Accessing Capital in the Oil & Gas Sector

The Outlook for Accessing Capital in the Oil & Gas Sector

A cold or costly winter? Uneasy uncertainty for European gas consumers

A cold or costly winter? Uneasy uncertainty for European gas consumers

Asian LNG – A bountiful era for natural gas producers

Asian LNG – A bountiful era for natural gas producers

On Demand: Kongsberg Digital: Creating value through the digitalisation of an Integrated Energy Project

On Demand: Kongsberg Digital: Creating value through the digitalisation of an Integrated Energy Project

Executive Interview: Scot Evans, CEO, ReconAfrica

Executive Interview: Scot Evans, CEO, ReconAfrica

Podcast: Nouman Ahmad, CEO & Co-Founder, Validere

Podcast: Nouman Ahmad, CEO & Co-Founder, Validere

Executive Interview: Tassos Vlassopoulos, CEO, HELPE Upstream

Executive Interview: Tassos Vlassopoulos, CEO, HELPE Upstream

Executive Interview: Mitch Flegg, CEO, Serica Energy

Executive Interview: Mitch Flegg, CEO, Serica Energy

Executive Interview: Dr Nick Mayhew, Chief Commercial Officer, Axora

Executive Interview: Dr Nick Mayhew, Chief Commercial Officer, Axora

Digital Roadmaps – Comparing The Steps Taken By Energy Giants

Digital Roadmaps – Comparing The Steps Taken By Energy Giants

Digital Twins – Virtually Reflecting The Physical

Digital Twins – Virtually Reflecting The Physical

Executive Interview: Steve Edwards, CEO, Tailwind Energy

Executive Interview: Steve Edwards, CEO, Tailwind Energy

Podcast: Andrea Course, Venture Principal, Shell Ventures

Podcast: Andrea Course, Venture Principal, Shell Ventures

Fundraising in the Minerals & Royalties Space: What you might need to know

Fundraising in the Minerals & Royalties Space: What you might need to know

From NOC to NEC – A changing of the guard?

From NOC to NEC – A changing of the guard?

ERCE Global Upstream M&A Tracker Q2 2021

ERCE Global Upstream M&A Tracker Q2 2021

Podcast: Nick Dell'Osso, Executive Vice President & Chief Financial Officer, Chesapeake

Podcast: Nick Dell'Osso, Executive Vice President & Chief Financial Officer, Chesapeake

Third Party Certification of Natural Gas in North America

Third Party Certification of Natural Gas in North America

Analysis on M&A so far in 2021 and what to expect now

Analysis on M&A so far in 2021 and what to expect now

Deep Dive Into The US M&A Market

Deep Dive Into The US M&A Market

6 Months On – How Has Biden's Presidency Impacted The South American Oil & Gas Industry

6 Months On – How Has Biden's Presidency Impacted The South American Oil & Gas Industry

Exploration updates across the region, what’s new in Suriname and Guyana?

Exploration updates across the region, what’s new in Suriname and Guyana?

Podcast: Brian Carey, Strategic Growth Director, Kongsberg Digital

Podcast: Brian Carey, Strategic Growth Director, Kongsberg Digital

On Demand: Examining Energy Stakeholder Perceptions of the Super Major Landscape

On Demand: Examining Energy Stakeholder Perceptions of the Super Major Landscape

Energy Transition in Africa to 2100

Energy Transition in Africa to 2100

Senegal’s New Local Content Laws

Senegal’s New Local Content Laws

Podcast: Michael Rubio, General Manager, ESG and Sustainability, Chevron

Podcast: Michael Rubio, General Manager, ESG and Sustainability, Chevron

Oil and Gas Licensing Rounds Across Africa, 2020-2021

Oil and Gas Licensing Rounds Across Africa, 2020-2021

Africa: The Role of Gas-To-Power on the Continent

Africa: The Role of Gas-To-Power on the Continent

The Need for Public and Private Sector Collaboration to save Mexico’s Energy Sector

The Need for Public and Private Sector Collaboration to save Mexico’s Energy Sector

Accelerating Business Performance and Reducing G&A for Leading Texas-based Mineral Fund

Accelerating Business Performance and Reducing G&A for Leading Texas-based Mineral Fund

The Axora Innovation Forecast: How digital will determine the future of oil and gas

The Axora Innovation Forecast: How digital will determine the future of oil and gas

Podcast: Kris Pitta, Founder & CEO, Prudent Resources

Podcast: Kris Pitta, Founder & CEO, Prudent Resources

NorthAm Advisory Board Takeaways #2: ESG & The Energy Transition

NorthAm Advisory Board Takeaways #2: ESG & The Energy Transition

Asia Pacific Energy Assembly 2021: Day 1 Takeaways

Asia Pacific Energy Assembly 2021: Day 1 Takeaways

Asia Pacific Energy Assembly 2021: Day 2 Takeaways

Asia Pacific Energy Assembly 2021: Day 2 Takeaways

Asia Pacific Energy Assembly 2021: Day 3 Takeaways

Asia Pacific Energy Assembly 2021: Day 3 Takeaways

What does a comprehensive ESG programme look like; identifying the possible range of initiatives that work for your business.

What does a comprehensive ESG programme look like; identifying the possible range of initiatives that work for your business.

How can the Energy industry achieve Operational Efficiency and remain cost-competitive?

How can the Energy industry achieve Operational Efficiency and remain cost-competitive?

Achieving Consistent and Comparable Sustainable Reporting and ESG Metrics – Can It Be Done?

Achieving Consistent and Comparable Sustainable Reporting and ESG Metrics – Can It Be Done?

The Role of Capital Markets in the Energy Transition

The Role of Capital Markets in the Energy Transition

NorthAm Advisory Board Takeaways #1: Outlook for the Upstream Sector

NorthAm Advisory Board Takeaways #1: Outlook for the Upstream Sector

Pulse Report: Delaware Basin Edition, May 2021

Pulse Report: Delaware Basin Edition, May 2021

Nostradamus and Energy Council launch Bellwether Insights Programme measuring Energy Transformation

Nostradamus and Energy Council launch Bellwether Insights Programme measuring Energy Transformation

Naftogaz Presentation: Opportunities in Ukraine

Naftogaz Presentation: Opportunities in Ukraine

Adapting to Change: The Emerging Role Of Traders In E&P

Adapting to Change: The Emerging Role Of Traders In E&P

Podcast: Cary Meadow, Executive Chairman & Ben Mendes, Director, Anvil Channel Energy Solutions

Podcast: Cary Meadow, Executive Chairman & Ben Mendes, Director, Anvil Channel Energy Solutions

Mexico's Hydrocarbon Reforms: State Retakes Control

Mexico's Hydrocarbon Reforms: State Retakes Control

WECA Advisory Board #2: Key Takeaways

WECA Advisory Board #2: Key Takeaways

WECA Advisory Board #1: Key Takeaways

WECA Advisory Board #1: Key Takeaways

Roundtable: Sukuk Financing

Roundtable: Sukuk Financing

Bank Mineral Management

Bank Mineral Management

Podcast: Chris Leary, Investment Partner, Orion Energy Partners

Podcast: Chris Leary, Investment Partner, Orion Energy Partners

Senegal’s Gas Supply, Slowed But Still Strong

Senegal’s Gas Supply, Slowed But Still Strong

Natural Gas & Refining on Hydrogen

Natural Gas & Refining on Hydrogen

Hydrogen Outlook for Europe

Hydrogen Outlook for Europe

Podcast: Rusty Hutson, CEO & Eric Williams, CFO at Diversified Energy

Podcast: Rusty Hutson, CEO & Eric Williams, CFO at Diversified Energy

Elevating Mineral Management and Customer Experience to new heights at Happy State Bank

Elevating Mineral Management and Customer Experience to new heights at Happy State Bank

Pulse Report: Midland Basin Edition, March 2021

Pulse Report: Midland Basin Edition, March 2021

2021 Future Outlook Survey Report

2021 Future Outlook Survey Report

Interview with Kwaku Boakye-Adjei, Commercial Consultant, TEMA LNG

Interview with Kwaku Boakye-Adjei, Commercial Consultant, TEMA LNG

On Demand: Tech Innovation in the Minerals & Royalties Space

On Demand: Tech Innovation in the Minerals & Royalties Space

Finding Lost Mineral Income: 5 things you need to know

Finding Lost Mineral Income: 5 things you need to know

Technology for Everyone: Empowering Small Mineral Holders with Big Tech

Technology for Everyone: Empowering Small Mineral Holders with Big Tech

ERCE Global Upstream M&A Tracker

ERCE Global Upstream M&A Tracker

Podcast: Shaia Hosseinzadeh, Managing Partner & Founder, OnyxPoint Global Management

Podcast: Shaia Hosseinzadeh, Managing Partner & Founder, OnyxPoint Global Management

Offshore Opportunities in Senegal

Offshore Opportunities in Senegal

Five trends that will cut global emissions in 2021

Five trends that will cut global emissions in 2021

On Demand: Fundraising in the Minerals & Royalties Space

On Demand: Fundraising in the Minerals & Royalties Space

Launch of Eco Atlantic Renewables – a new company majority owned by Eco Atlantic and Update on Guyana and Namibia Exploration

Launch of Eco Atlantic Renewables – a new company majority owned by Eco Atlantic and Update on Guyana and Namibia Exploration

What do the changing energy markets mean for raising debt in the upstream oil and gas sector?

What do the changing energy markets mean for raising debt in the upstream oil and gas sector?

The Re-Imagining of the E&P Sector

The Re-Imagining of the E&P Sector

Emissions Trading Schemes, A Global Perspective

Emissions Trading Schemes, A Global Perspective

Accenture Roundtable: Path towards decarbonisation for oil & gas

Accenture Roundtable: Path towards decarbonisation for oil & gas

Podcast: Angelos Damaskos, CEO, Sector Investment Managers

Podcast: Angelos Damaskos, CEO, Sector Investment Managers

Podcast: Nick Volkmer, Vice President – GHG & Renewables, Enverus

Podcast: Nick Volkmer, Vice President – GHG & Renewables, Enverus

Podcast: Griffin Perry, Co-Founder and Managing Director, Grey Rock Energy Partners

Podcast: Griffin Perry, Co-Founder and Managing Director, Grey Rock Energy Partners

Financing Options for Marginal Fields, Nigeria

Financing Options for Marginal Fields, Nigeria

Podcast: Dan Pickering, Founder & Chief Investment Officer, Pickering Energy Partners

Podcast: Dan Pickering, Founder & Chief Investment Officer, Pickering Energy Partners

Webinar Summary: Impacts of a Biden vs. Trump Victory: What Next For the U.S. Oil & Gas Industry?

Webinar Summary: Impacts of a Biden vs. Trump Victory: What Next For the U.S. Oil & Gas Industry?

A flexible approach can help investors deliver bold projects for Africa

A flexible approach can help investors deliver bold projects for Africa

Pulse Report: Appalachian Basin Edition, November 2020

Pulse Report: Appalachian Basin Edition, November 2020

Introduction to Carnrite – Dedicated, Practical Business Partner for an Industry in Transition

Introduction to Carnrite – Dedicated, Practical Business Partner for an Industry in Transition

Avik Dey – Head of Energy & Resources at CPPIB

Avik Dey – Head of Energy & Resources at CPPIB

Vertis – On the Role of Voluntary Carbon Markets in the Energy Transition for Oil & Gas sector

Vertis – On the Role of Voluntary Carbon Markets in the Energy Transition for Oil & Gas sector

“Investors will go where the money is” – An Analysis of the Sentiment among Energy Investors

“Investors will go where the money is” – An Analysis of the Sentiment among Energy Investors

In The News: Institutional Investors Demand Greater ESG Adherence from Oil Majors, Can Independents Pick Up The Pieces?

In The News: Institutional Investors Demand Greater ESG Adherence from Oil Majors, Can Independents Pick Up The Pieces?

Glenn Jacobson – Partner at Trilantic Capital Partners – Evolution of the Energy Investment Landscape

Glenn Jacobson – Partner at Trilantic Capital Partners – Evolution of the Energy Investment Landscape

In The News: Quality assets key in four major M&A deals this year

In The News: Quality assets key in four major M&A deals this year

Mark Viviano, Head of Public Equities, Kimmeridge Energy

Mark Viviano, Head of Public Equities, Kimmeridge Energy

In The News: The United Kingdom's Path to Net-Zero in the North Sea

In The News: The United Kingdom's Path to Net-Zero in the North Sea

In The News: OGCI Reports Significant Progress On Upstream Methane and Carbon Intensity Targets

In The News: OGCI Reports Significant Progress On Upstream Methane and Carbon Intensity Targets

New Frontier Exploration Offshore Latin America will not attract funding in a post-COVID19 world

New Frontier Exploration Offshore Latin America will not attract funding in a post-COVID19 world

U.S. Oil & Gas Companies Were Hanging On By A Thread, Is It Too Late For Restructuring?

U.S. Oil & Gas Companies Were Hanging On By A Thread, Is It Too Late For Restructuring?

Impacts of a Biden vs. Trump Victory: What Next For the U.S. Oil & Gas Industry?

Impacts of a Biden vs. Trump Victory: What Next For the U.S. Oil & Gas Industry?

In The News: Total’s Southern African gas discoveries; a change in fortune for regional energy security?

In The News: Total’s Southern African gas discoveries; a change in fortune for regional energy security?

Digital Dialogue: Exploring Gas Opportunities in Nigeria

Digital Dialogue: Exploring Gas Opportunities in Nigeria

Digital Dialogue: Exploration & Production: is it too late for Africa to profit from its resources?

Digital Dialogue: Exploration & Production: is it too late for Africa to profit from its resources?

Investment Focus – What Next for African Oil & Gas?

Investment Focus – What Next for African Oil & Gas?

Impact of the US Elections on the Oil & Gas Industry with Tom Petrie

Impact of the US Elections on the Oil & Gas Industry with Tom Petrie

Diversity Is Better For Business

Diversity Is Better For Business

Investors Are Leaving U.S. Shale And They Are Not Coming Back

Investors Are Leaving U.S. Shale And They Are Not Coming Back

Nigel Jenvey – Global Head of Carbon Management, Gaffney Cline and Lewis McDonald – Global Head of Energy, Herbert Smith Freehills

Nigel Jenvey – Global Head of Carbon Management, Gaffney Cline and Lewis McDonald – Global Head of Energy, Herbert Smith Freehills

Pulse Report: Delaware Edition, September 2020

Pulse Report: Delaware Edition, September 2020

Pulse Report: Midland Edition, August 2020

Pulse Report: Midland Edition, August 2020

Transcript: Brian Thomas, Prudential Private Capital

Transcript: Brian Thomas, Prudential Private Capital

Brian Thomas, Prudential Private Capital

Brian Thomas, Prudential Private Capital

Tech and ESG are the ‘investment megatrends of the decade'

Tech and ESG are the ‘investment megatrends of the decade'

The energy sector of the future

The energy sector of the future

Pulse Report: Bakken Edition, June 2020

Pulse Report: Bakken Edition, June 2020

Tom Petrie, Chairman, Petrie Partners

Tom Petrie, Chairman, Petrie Partners

APAC Crisis Response Report

APAC Crisis Response Report

An Alliance with Finance: Big banks and Insurance Companies join the Green Recovery Alliance

An Alliance with Finance: Big banks and Insurance Companies join the Green Recovery Alliance

Kenneth Hersh Retired CEO & Co-Founder, NGP

Kenneth Hersh Retired CEO & Co-Founder, NGP

Energy Storage in Mexico

Energy Storage in Mexico

Maintaining the Momentum of Oilfield Safety in an Uncertain Market

Maintaining the Momentum of Oilfield Safety in an Uncertain Market

Adam Waterous, CEO, Waterous Energy Fund

Adam Waterous, CEO, Waterous Energy Fund

Salah El-Ekhfifi, Exploration Geologist, NOC Libya

Salah El-Ekhfifi, Exploration Geologist, NOC Libya

Hot Points: Ran Oliver, CEO, Viking Minerals

Hot Points: Ran Oliver, CEO, Viking Minerals

Investment in the Energy Transition

Investment in the Energy Transition

Hot Points: Interview with Darin Zanovich, CEO, Mesa

Hot Points: Interview with Darin Zanovich, CEO, Mesa

Deal flow as important as gas flow rates in the new Algeria

Deal flow as important as gas flow rates in the new Algeria

Morocco Oil and Gas Sector Kicks to Life in 2020

Morocco Oil and Gas Sector Kicks to Life in 2020

Oil and Gas Council plays host to the first Senegal Offshore Licencing Round

Oil and Gas Council plays host to the first Senegal Offshore Licencing Round

LNG pricing coals final death knell

LNG pricing coals final death knell

Developing local capacity in a new market environment

Developing local capacity in a new market environment

The 2020 MSGBC Summit – Time to Take Stock

The 2020 MSGBC Summit – Time to Take Stock

Unlocking the transformative potential of Grand Tortue Ahmeyim

Unlocking the transformative potential of Grand Tortue Ahmeyim

Small and Mid-Cap Companies of the Future: Mitch Flegg, Serica Energy

Small and Mid-Cap Companies of the Future: Mitch Flegg, Serica Energy

On the Spot with North America Assembly Speakers 2019

On the Spot with North America Assembly Speakers 2019

The Brulpadda Discovery

The Brulpadda Discovery

Stimulating African E&P Through Attractive Regulatory Frameworks

Stimulating African E&P Through Attractive Regulatory Frameworks

Business Innovation Platforms for accelerated, robust decision making

Business Innovation Platforms for accelerated, robust decision making

Siemens – New Technologies

Siemens – New Technologies

Siemens – FPSOs

Siemens – FPSOs

Siemens – Eliminate Downtime

Siemens – Eliminate Downtime

Siemens – Digitalization

Siemens – Digitalization

Siemens – Artificial Intelligence

Siemens – Artificial Intelligence

A Primer on Offshore Upstream Development Finance in the US

A Primer on Offshore Upstream Development Finance in the US

Block Energy – Increased production rates at Norio field, Georgia

Block Energy – Increased production rates at Norio field, Georgia

WECA – Key Takeaways

WECA – Key Takeaways

Seapulse Press Release

Seapulse Press Release

John Rocha, Project Manager, Energy/Gas, NEPAD Business Foundation

John Rocha, Project Manager, Energy/Gas, NEPAD Business Foundation

Due Diligence: the devil is in the detail

Due Diligence: the devil is in the detail

Samuel Edmund, OMA Group Director, OMA Group

Samuel Edmund, OMA Group Director, OMA Group

New Technological Frontiers in the Oil and Gas Industry

New Technological Frontiers in the Oil and Gas Industry

The Quest for a Balanced Host Government Contract: an MSGBC Basin Perspective

The Quest for a Balanced Host Government Contract: an MSGBC Basin Perspective

Bertrand Montembault, Partner, Herbert Smith Freehills

Bertrand Montembault, Partner, Herbert Smith Freehills

EPEUS – Which one was yours and why will the next one be better?

EPEUS – Which one was yours and why will the next one be better?

Shearwater GeoServices – Changing The Face of the Seismic Sector

Shearwater GeoServices – Changing The Face of the Seismic Sector

Quarterly 3

Quarterly 3

Vivek T.A. Warrier, Bennett Jones

Vivek T.A. Warrier, Bennett Jones

George Liszicasz, President and Chief Executive Officer, NXT Energy Solutions Inc.

George Liszicasz, President and Chief Executive Officer, NXT Energy Solutions Inc.

Deloitte – Trends in oil and gas M&A

Deloitte – Trends in oil and gas M&A

Deloitte – M&A Trends Report 2018

Deloitte – M&A Trends Report 2018

Kevin Price, Societe Generale

Kevin Price, Societe Generale

Quarterly 4

Quarterly 4

Siemens – Taming the Technology

Siemens – Taming the Technology

Siemens – Digital Twin

Siemens – Digital Twin

Siemens – Bridging the Cyber Readiness Gap

Siemens – Bridging the Cyber Readiness Gap

Siemens – LNG to Power

Siemens – LNG to Power

What can we do to take advantage of the most unutilized resources in Canada?

What can we do to take advantage of the most unutilized resources in Canada?

Quarterly 2

Quarterly 2

Alessandro Bacci, Independent Energy Consultant, A Snapshot of South Sudan’s Oil Sector

Alessandro Bacci, Independent Energy Consultant, A Snapshot of South Sudan’s Oil Sector

Christophe Barnini, EVP Geomarkets, Sales & Marketing and Group Communications, CGG

Christophe Barnini, EVP Geomarkets, Sales & Marketing and Group Communications, CGG

Chiagozie Hilary-Nwokonko, Partner, Streamsowers & Kohn

Chiagozie Hilary-Nwokonko, Partner, Streamsowers & Kohn

Akshai Fofaria, Partner, Solicitor & Avocat and Regional Chair of the Africa Group, Pinsent Masons LLP

Akshai Fofaria, Partner, Solicitor & Avocat and Regional Chair of the Africa Group, Pinsent Masons LLP

Alessandro Bacci, Independent Energy Consultant, Algeria’s and Libya’s Petroleum Fiscal Frameworks

Alessandro Bacci, Independent Energy Consultant, Algeria’s and Libya’s Petroleum Fiscal Frameworks

Upstream Oil & Gas M&A: Co-operation for innovation

Upstream Oil & Gas M&A: Co-operation for innovation

The MSGBC Basin: No “One Hit Wonder”

The MSGBC Basin: No “One Hit Wonder”

Nina Bowyer, Partner – Solicitor & Co-Head: Global Africa Group, Herbert Smith Freehills

Nina Bowyer, Partner – Solicitor & Co-Head: Global Africa Group, Herbert Smith Freehills

Anass Joundy, Principal Banker, European Bank for Reconstruction & Development (EBRD)

Anass Joundy, Principal Banker, European Bank for Reconstruction & Development (EBRD)

William Pollen, Director, Invest in Africa

William Pollen, Director, Invest in Africa

Rémi Bourgarel, Business Development Director Africa, Veolia

Rémi Bourgarel, Business Development Director Africa, Veolia

What is the optimal energy mix?

What is the optimal energy mix?

IOC Tracker

IOC Tracker

Siemens – Data-driven

Siemens – Data-driven

Jérôme Halbout, Managing Partner, 4D Global Energy Advisors

Jérôme Halbout, Managing Partner, 4D Global Energy Advisors

Integrated Oil Companies in Energy

Integrated Oil Companies in Energy

Siemens – Making the digital leap with Topsides 4.0

Siemens – Making the digital leap with Topsides 4.0

Guy Casteels, Founder, GFinance

Guy Casteels, Founder, GFinance

Alessandro Bacci

Alessandro Bacci

Siemens – Expert Insights

Siemens – Expert Insights

Expert Insight: CGG

Expert Insight: CGG

Mexico Assembly – Key Takeaways

Mexico Assembly – Key Takeaways

Siemens – Extracting more oil for less

Siemens – Extracting more oil for less

Oil & Gas VS Renewables

Oil & Gas VS Renewables

Quarterly 1

Quarterly 1

Rystad: Press Release

Rystad: Press Release

Twister: Press Release

Twister: Press Release

Africa: Untapped Potential

Africa: Untapped Potential

World Energy Capital Assembly : Key Themes

World Energy Capital Assembly : Key Themes

Expert Insight: White & Case

Expert Insight: White & Case

Five Things We Learned About South America

Five Things We Learned About South America

Alessandro Bacci

Alessandro Bacci

Matthew Brown, Partner, Latham & Watkins

Matthew Brown, Partner, Latham & Watkins

Franck Pliya, Country Director, Senegal, TechnipFMC

Franck Pliya, Country Director, Senegal, TechnipFMC

Andrew Smith, Executive Vice President, Shell Trading and Supply

Andrew Smith, Executive Vice President, Shell Trading and Supply

NuEnergy Gas Interview by: Ross Stewart Campbell, CEO, Guanxi Energy

NuEnergy Gas Interview by: Ross Stewart Campbell, CEO, Guanxi Energy

Emma Delaney, Regional President, Mauritania and Senegal, BP

Emma Delaney, Regional President, Mauritania and Senegal, BP

Tor Langoy, Managing Director, BD Global Capital

Tor Langoy, Managing Director, BD Global Capital

H.E. Fafa J Sanyang, Honorable Minister for Petroleum and Energy Ministry of Petroleum, The Gambia

H.E. Fafa J Sanyang, Honorable Minister for Petroleum and Energy Ministry of Petroleum, The Gambia

Mambury Njie, Managing Director, GNPC

Mambury Njie, Managing Director, GNPC

Chris McLean, CEO of Stonechair Capital

Chris McLean, CEO of Stonechair Capital

Gilberto Botas, Chairman, ANEP

Gilberto Botas, Chairman, ANEP

Ify Malo, Campaign Manager, Power For All

Ify Malo, Campaign Manager, Power For All

Georges Racine, Partner, Holman Fenwick Willan

Georges Racine, Partner, Holman Fenwick Willan

Erik Wandrag, Senior Investment Director: Energy, Harith General Partners

Erik Wandrag, Senior Investment Director: Energy, Harith General Partners

Chew Sutat, EVP and Head of Equities and Fixed Income, SGX

Chew Sutat, EVP and Head of Equities and Fixed Income, SGX

Peter Godfrey, Managing Director (APAC), Energy Institute

Peter Godfrey, Managing Director (APAC), Energy Institute

Blake Scott, President, Scott Environmental Services, Inc

Blake Scott, President, Scott Environmental Services, Inc

Matt Rees, President, ORLEN Upstream Canada Ltd.

Matt Rees, President, ORLEN Upstream Canada Ltd.

Barrisford Petersen, Managing Director, BBP Law

Barrisford Petersen, Managing Director, BBP Law

Kevin Wesa, CEO, Venturion Oil Limited

Kevin Wesa, CEO, Venturion Oil Limited

Phil Hodge, President and CEO, Pine Cliff Energy Ltd.

Phil Hodge, President and CEO, Pine Cliff Energy Ltd.

Bob Orr, Senior Partner, Oliver Wyman

Bob Orr, Senior Partner, Oliver Wyman

Miguel Viramontes Nales, Chairman, Blackrock

Miguel Viramontes Nales, Chairman, Blackrock

Nick Davies, Chairman, OneNorth Energy

Nick Davies, Chairman, OneNorth Energy

Aaron Howell, Managing Director, Head of Oil & Gas, Asia, Rothschild

Aaron Howell, Managing Director, Head of Oil & Gas, Asia, Rothschild

Five Things We Learned About North America

Five Things We Learned About North America

Four Things We Learned in China this Month

Four Things We Learned in China this Month

North Sea decommissioning: Primed for a boom?

North Sea decommissioning: Primed for a boom?

Pride before the fall – Lest we should forget

Pride before the fall – Lest we should forget

After a disruptive year, what next?

After a disruptive year, what next?

Expert Insight – White & Case

Expert Insight – White & Case

Why digital and collaboration are the future of offshore

Why digital and collaboration are the future of offshore

Nigeria Assembly: Key Takeaways

Nigeria Assembly: Key Takeaways

Chris Midgley, Chief Economist, Shell Trading

Chris Midgley, Chief Economist, Shell Trading

Gas Naturally Complements Renewables

Gas Naturally Complements Renewables

On the Spot with Perenco, Tethys Oil, and Sterling Energy Plc

On the Spot with Perenco, Tethys Oil, and Sterling Energy Plc

Angus McCoss, Exploration Director, Tullow Oil

Angus McCoss, Exploration Director, Tullow Oil

ENGAGING ENERGY
EXECUTIVES
GLOBALLY

Popular Links

  • How it works
  • Membership
  • Events
  • Thought Leadership
  • Podcasts
  • Contact Us

Connect

  • YouTube
  • Twitter
  • LinkedIn

Terms & Privacy
Energy Council © 2020. All Rights Reserved.

CLARION ENERGY LIMITED (Co.Reg.No 07098632) is registered in England and Wales, Registered Office: Bedford House, 69-79 Fulham High Street, London, SW63JW, United Kingdom. VAT No. GB 843845601

×

Thank you for your interest - please let us know if you are an Investor or an Oil & Gas Executive

I'm an Investor
I'm an Oil & Gas Executive