Special Report

2021 Future 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