Market Intelligence
& Interviews
Informed articles from the go-to people in the oil and gas industry
Informed articles from the go-to people in the oil and gas industry
When we talk about energy transition, what we are really talking about is a shift from a central energy supply (largely from fossil fuels), to a decentralised distributed model underpinned by technology. We are talking about a shift to digital and smart technologies.
The investor profile is not limited to PE, family offices, industrial groups and the large trading houses are all active. What is clear is that no one is willing to be a silent partner. The aspiration is to ensure that the portfolio companies implement international HSE and corporate governance standards and operate with a high degree of operational excellence and most importantly provide a return to their shareholders. Face time is very important in ensuring success.
After two and a half years of cutbacks, reduced capital spending, and project delays, a harsh reality is setting in for the oil and gas industry: “lower-for-longer” oil prices may be the new norm and companies are going to have to change the way that they do business in order to remain competitive.
Impact has established itself as a frontier company being able to identify, secure and explore very large potential prospects – often in deep water off the continental shelf. Because of the potential of the prospects in Impact’s portfolio it has been successful in attracting very large companies such as ExxonMobil, Total, Statoil and CNOOC as partners.
Guy Casteels, Founder, GFinance answers questions surrounding the African oil and gas industry’s investment climate, exploring the key opportunities, challenges and considerations when working within the region.
The Ministry of Petroleum has established a joint committee to redraft the P.S.C.s and to introduce amendments that may incentivize foreign companies to enter Egypt’s O&G sector. According to the current timeframe, the committee should be able to present its result by the end of this year. One of the most important modifications should concern a reduced reimbursement period to stimulate foreign investment.
Continuing oil and gas market pricing pressures keep exploration and production (E&P) operators looking for new ways to extract more oil from existing reserves for less.
It is hard to deny that increasing diversity in the public and private sector is one of today’s central initiatives for corporate improvement and better business outputs.