Europe's Gas Supply Mix - Present & Future
Europe's conventional gas output is declining fast and the gas supply mix will remain dominated by Russian pipeline gas. LNG will be unable to materially offset reliance on pipeline gas in general whilst US LNG to Europe seems an unlikely prospect at the moment. Diversified supply from shale gas in meaningful quantities probably will remain wishful thinking, too. Although yet-to-find EuroMed gas resources are plentiful, the ball is in IOCs' corner to explore and develop them.Europe's Offshore E&P Potential - Economics & Viability
Upstream spending has increased 400% in the last decade, but production has been falling. Demand growth is currently met by unconventionals such as LTO. As declining oil prices and rising costs limit IOCs' spending abilities, exploration cutbacks and more project delays are to be expected. Lower tax and break-even cost areas will attract attention but unconventionals will eat up a large chunk of investment capital. The Mediterranean E&P horizon is uncertain until Europe becomes more competitive.China Matters
Despite manufacturing overcapacity and weak domestic demand, China's GDP growth rate improved in Q2. Oil consumption was up and crude imports reached a new record in August. But August also saw Chinese industrial output expansion drop to a 5-year low and exports growth slow, prompting fresh economic stimulus. China deepened energy ties with Russia to increase energy security.
Petrologica: Energy Research and Simulation
Petrologica flies you fast forward to the future with a world of interactive and dynamic simulation tools.
We build simulators, models and scenario tools for market planners, management and investors to assist organisations in understanding the nature of tomorrow's energy markets. We undertake private research on clients' request, enabling us to meet individual client requirements.