Tag: Outlook
Global energy system being transformed by renewables, electrification, says IEA annual report
U.S.projected to become world’s largest LNG exporter and net oil exporter by end of 2020’s The resurgence in oil and gas production from the United States, deep declines in the cost of renewables, and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to […]
Global gas and LNG market tightening after 2022, new LNG investment needed – IEA
Gas and LNG demand driven by growth in the East In the latest update of IEA’s outlook, they dive deep into the discontinuities that could swing the gas markets one way or another, according to the International Energy Agency. In China, the extent to which government targets on gas consumption are met could mean a […]
Coal falls as gas rises: World energy balances in 2016 – IEA
Oil remains most used fuel (mainly for transport), then coal (mainly for electricity) Global coal production fell significantly in 2016, while global trade in natural gas was up. These are two of the key messages in World Energy Balances, the IEA’s comprehensive picture of energy statistics. These data are drawn from official national data submissions to […]
Brighter global economic outlook after Trump, EU “far right” election fears ease – Conference Board
Low oil prices one reason why world economic growth expected to be 2.9% in 2017 Following a tepid increase of 2.5 per cent in 2016, growth in the world economy will pick up this year, with real GDP forecast to rise by 2.9 per cent, according to The Conference Board of Canada’s World Outlook: Summer 2017. […]
Expect oil & gas ‘3 R’s’ in 2017: Restructuring, realignment, rebuilding
Study notes some companies hope to “grow” their way out of debt problems; strategy likely unrealistic Though the overall outlook for the oil and gas industry doesn’t seem to be quite as dire as it was a year ago, 2017 is likely to be a year of “3 R’s” for industry players — a year […]
Oil/gas producing state economies improve: US Regional Economic Outlook
Continued recovery outlook in labor markets; strong growth in the Sunbelt expected Excerpts from IHS global insight principal economist Karl Kuykendall’s special report US regional economic predictions for 2017, according to IHS Markit. The South and West will experience the fastest economic growth: Long-term demographic trends are a big reason for this swift economic growth, […]
2017 year of ‘stability and opportunity’ for global oil and gas – Wood Mackenzie
Wood Mackenzie expects improving exploration success rates, full-cycle returns to continue in 2017 Wood Mackenzie’s global corporate outlook for 2017 forecasts the oil and gas industry will turn cash flow positive for the first time since the downturn, if OPEC production cuts drive oil prices above US$55 per barrel. “Most oil and gas companies will […]
Confidence low as energy industry fights to secure capital – BDO
Despite a daunting industry outlook, American and Candian companies have found one bright point: robust reserves BRUSSELS – As global prices recover and the oil and gas industry begins to show signs of life, a new study from BDO shows that investor sentiment towards middle market companies has soured and the short-term outlook is bleak. According to […]
Credit ratings outlook for US oil & gas revised to negative on lower prices – Fitch
Investment grade E&Ps currently on Negative Outlook include ConocoPhillips, Hess, Southwestern Energy Company NEW YORK, NY – The dramatic price declines afflicting the oil and gas industry is finally beginning to affect company credit ratings, according to Fitch Ratings. Fitch Ratings has revised its 2016 rating outlook for the US oil and gas industry to […]
ExxonMobil forecasts 25% higher global energy demand by 2040
Carbon intensity of global economy expected to drop by half because of renewables, switch from coal to natural gas – ExxonMobil Global energy demand will increase 25 per cent between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil said today in the 2016 edition of The Outlook for Energy. At the same […]
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