- Brazil is expected to expand natural gas infrastructure to comply with new climate commitments and maintain a positive growth rate in oil production from pre-salt area.
- The drop in crude oil and natural gas prices darken our outlook for the offshore pipeline infrastructure expansion projects over the short
- Algeria’s crude oil output will be held in check in 2020 as it participates in broader OPEC+ output cuts.
- The OPEC+ cuts are set to ease through to April 2022, but absent a rebound in investment, the outlook for Algeria’s oil and gas production and the broader upstream sector remains pessimistic.
- In this
- LPG demand continues to be the silver lining within Asia’s depressed fuel market as demand for refined fuels struggle to return to pre-Covid levels in the midst of an ongoing global pandemic.
- LPG has been increasingly embraced across Asia for its versatility and clean burning nature and the trend looks set
Pakistan is set to become more dependent on foreign oil imports as repercussions from the Covid-19 pandemic add to its refining woes.The Covid-19 pandemic has collapsed what little was left of domestic refining activity in the country. Lockdowns imposed nationwide in April saw sales of major fuels plummet as economic
- 改善从伊拉克和尼日利亚sta合规lled according to July OPEC data at 89% for Iraq and 66% for Nigeria though both stand greatly improved from the sub 50% compliance registered in May, the first month of pandemic related production cut of 9.7mn b/d.
- If the current OPEC+ agreement runs to
- In the short run, the strategic responses of companies in the sector has been broadly consistent with previous price cycles: deep spending cuts, strict capital discipline and a strong focus on maximising operational efficiency.
- However, health and safety considerations, and supply chain and operational
In this piece we address key questions arising from our clients in relation to Covid-19, the associated collapse in demand and prices and the implications for the long-term outlook on the oil & gas sector.
What is the outlook for demand, as the global economy begins to recover?
From where we are currently in
- Japan has pledged support for the Area 1 Mozambique LNG project supporting the outlook for Mozambique LNG although significant delays to LNG projects in Mozambique appear inevitable as market conditions deteriorate.
- LNG from Mozambique would further expand Japan’s current pool of LNG suppliers as it seeks
- We maintain our outlook for medium term crude oil production in Guyana as ExxonMobil positions Guyana at the centre of its investment strategy and restores production after technical issue.
- The commitment to exploration programmes from several international oil companies and ExxonMobil’s farm-in to an