2015 will be extraordinarily tough for oil companies

2015 will be extraordinarily tough for oil companies From 2011 to 2014, we observed the largest oil supply shock in history: US shale oil production was adding more than 1 MMbpd every year, or more than the growth of global demand for oil. OPEC faced a risk of critical reduction in market share. An initial cut of 2 MMbpd from the collective quota during 2014 and 2015 would be needed to keep oil prices at the 2011-2013 level of 110 USD/bbl. On the other hand, such drastic cuts would obviously support a continuous growth of US shale oil production as less than 5% of shale oil recoverable resources are extracted to date. Without the invisible hand of OPEC, how fast will oil supply adjust and what is the new balancing oil price? http://www.ogfj.com/articles/2015/01/2015-will-be-extraordinarily-tough-for-oil-companies.html?cmpid=EnlOGFJJanuary192015.html Share:
Brave new world Already on the radar of governments and regulatory bodies around the world, recent developments with respect to the OECD Base Erosion and Profit Shifting Action Plan are raising further the profile of oil and gas companies globally with both tax authorities and the general public. http://www.ogfj.com/articles/print/volume-12/issue-1/departments/capital-perspectives/brave-new-world.html?cmpid=EnlOGFJJanuary192015.html Share:
Wood Mackenzie: Global trends to look for in 2015 OPEC is showing no signs of reversing its decision to leave production targets unchanged, leaving non-OPEC producers to bring the market back into balance. Couple that with weaker than expected global economic growth, and oil companies will be forced to adapt to continued oil prices in 2015, says WoodMac, detailing key themes to watch for in 2015. http://www.ogfj.com/articles/2014/12/wood-mackenzie-global-trends-to-look-for-in-2015.html?cmpid=EnlOGFJJanuary192015.html Share:				The next wave of oil and gas leaders Oil and gas professionals who are now in their 30s and 40s have been on the cutting edge of the horizontal drilling revolution that blossomed in the early 2000s. OGFJ recently spoke with NGP about young partners bringing new and unique financing structures to the table to help capitalize on vast investable opportunity in the energy space. http://www.ogfj.com/articles/print/volume-12/issue-1/on-the-cover/the-next-wave-of-oil-and-gas-leaders.html?cmpid=EnlOGFJJanuary192015.html Share: