The Oil & Gas Council hosted our flagship event, World Energy Capital Assembly in London on December 4-5 2017. With over 700 of our members from across the upstream oil and gas industry, financiers and investors, the conversation was flowing at a wide range of networking opportunities culminating in the annual Awards Dinner.
With over 80 speakers taking part in discussions over two streams, the Assembly provided interesting insights into what the future holds for stakeholders across the industry. A number of recurring themes emerged over the two days, with the outlook on the whole generally positive.
At the Oil and Gas Council, our role is to ensure we reflect our membership. It hasn’t escaped our notice that many of our members are undergoing efforts to realign their core business to a broader energy focus. Additionally, our network of financiers and investors are increasingly open to new opportunities that don’t sit in the traditional realms of upstream.
Our network has been built around connectivity, trust, integrity and most important impartiality. This final pillar presents an important distinction to many of the initiatives currently being pursued in the clean energy space.
I suppose a good place to start would be about a year before the oil price fell, in 2013. We noticed at that time that the industry cost structure had become severely inflated. Our ultra deepwater wildcats could cost $250 million gross and the industry was maxed-out in terms of activity and this was stretching global capacity and global capability.
As a consequence, the industry performance as a whole at the top of the last cycle wasn’t that good because of the over-reach and the very high cost structure.
Venturion is a private oil company that was founded in the summer of 2012. We closed our first financing and two acquisitions in January 2013.
Pine Cliff is natural gas producer that has grown, primarily through acquisitions, from 100 BOED in 2012 to over 23,000 BOED in 2016.
Oliver Wyman is a global management consulting firm and part of the MMC family of professional services companies including Marsh, Mercer, and Guy Carpenter.
BlackRock has had a strong presence in the region for many years as the leading asset manager in traded funds and investment mandates.
One North Energy’s priorities are to complete our fund raising activities and to secure as many quality producing oil and gas assets as we can during the oil price trough.
We have always taken a long-term view of our client needs; evolving their strategy and enabling its execution, we do not focus on quarterly or annual deal related metrics.
While the industry is starting to see more and more institutional money flow into the Minerals & Royalties space (PE, Pension Funds, etc.), the market still has a long way to go on the education curve.
China has become, unknown to many, a leading light in both the promotion and adoption of renewable energy sources.
Historically, the attitude towards decommissioning disused offshore oil and gas platforms—’abandonment’ as it was previously known—has been largely negative
With a year of political upheavals in the US and Europe behind us, but predictions of further disruption ahead, what is the outlook for companies in the African energy space?
International oil and gas companies have long had difficulty reconciling the long-term and high-cost investments demanded by the upstream oil and gas business with the shorter term thresholds and measures adopted by the equity and debt markets.
The fourth industrial revolution is the convergence of software and digital technologies with the industrial world.