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.
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.”
At the World Energy Capital Assembly on 29 November 2021, a panel of experts provided their insights on the ability of companies in the oil and gas sector to access and maintain capital in the current economic and political climate. This article builds on that panel discussion and considers how (E&P) companies are balancing their corporate image with the need to remain profitable and deliver investor returns.
As winter’s cold touch spreads across Europe, there is an uneasiness about how the frigid temperatures will be weathered as gas prices creep ever higher. The source of uncertainty for Europe’s gas consumers is broad; the traditional push and pull of Russian-EU energy geopolitics is alive and well, Covid demand and supply contractions have created imbalances throughout the value chain, while the global production levels of oil and gas remain constrained by OPEC+ and the surging market prices.
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.
KrisEnergy has put on stream two greenfield oil projects in 2015 in the Gulf of Thailand, one of those was our first as the operator, so this has been a big year in our evolution as a relatively young start-up company (2009).
To bring an Asset Based Finance solution for strategic PEMEX suppliers. This technology was applied in other countries where HSBC has presence. So far, financing are behaving adequately and help the companies to bring state of the art equipment.
The Mexican energy market has great needs in every area: E&P, liquid fuels, pipelines infrastructure, power generation, transmission, development of professionals, advisors, engineers, etc. It is a new area that can detonate a powerful change in the whole chain of activities.
Independent producers are a key category of customers for us. We can help them detect early on when a market is about to get weaker and become a buyer’s market.
NuEnergy Gas is an Australian-listed, clean energy company focused on the development of Indonesian gas assets.
As a graduate interested in energy economics the oil & gas industry was very exciting – the obvious place for me to look to start my career.
While BD Globe Capital has been providing investment and smart capital solutions to the energy sector worldwide for years now, we have a particular focus at present on ‘upstream Nigeria’, no doubt having been of great interest to us for the last 7 years.
In a way, I can say that I have been involved in the industry throughout my career. In the 80s, the geological unit was involved in oil and gas amongst other things.
In my position as Permanent Secretary of Energy and Economic Affairs in early 2000, I was also the head of the Policy Analysis Unit, Department of Geology and Commission of Petroleum. They were all reporting to me.
In the early 2000’s I did my first transaction in Nigeria and I realised that there was a lot going on in Africa. In the mid -2000’s for two to three years, I travelled between Dubai and Calgary every six weeks as Dubai was very much a gateway of finance to the African continent.
It is the first time that we have confirmed such large gas deposits and we have to be prepared to fulfil the needs of the experts in the areas of oil and gas, or mining, for example.
I run a campaign and advocacy organization called Power-For-All whose aim is to promote decentralized renewable energy (DRE) as the quickest, easiest and most cost effective way of encouraging energy access globally.