01.01.2016
30 minutes of reading
IFPEN analyses in this study the 2015 evolution of global investment in the field of exploration-production and refining.
SUMMARY
Changes in oil and gas prices
- Emerging countries and the geopolitical situation, sources of concern
- Low oil price ‐ but when will it end?
- Fall in the price of gas on the three major markets
investment in exploration/production: the end of an upward cycle
- A sharp decline in investments during 2015
- Investment trends vary significantly by region
- Independents are particularly affected
- Sharp drop in investment costs
Drilling and the global drilling market, upstream activities and markets
- Onshore and offshore drilling
- Geophysical activity and the geophysical market
- Offshore construction activity and the offshore construction market
2015, a breath of fresh air for refining
- Continued surplus capacities and fall in utilization rates
- Improvement of refining margins and increase in maintenance costs
- Despite the trend of moderation, asia remains the Eldorado of investments
- Increase in capacity and stabilization of medium‐term demand
> Download the report (PDF - 3.4 Mo)
THE AUTHORS
Changes in oil and gas prices - Guy Maisonnier - guy.maisonnier@ifpen.fr
Investments in exploration/production - Geoffroy Hureau - geoffroy.hureau@ifpen.fr:
Drilling and the global drilling markets - Sylvain Serbutoviez - sylvain.serbutoviez@ifpen.fr:
Investment in refining, 2015 a breath of fresh air - Constancio Silva - constancio.silva@ifpen.fr