global oil and gas sector spending to increase by 12% in 2010, driven by investment NOC
World oil and gas capital expenditures Outlook – 2010: National Oil Companies (NOCs) to stimulate investment
This report provides an in-depth knowledge of oil and and gas capital spending outlook for 2010. The report presents a detailed analysis of the status of ongoing capital expenditures and future oil company national, integrated and independent oil and gas. It provides details and analysis of capital expenditure in the oil and gas segments, upstream and half the jet. It also provides detailed information on capital expenditures in various regions, North America, Central and South America, Europe, Middle East and Africa and Asia Pacific. The report also deals with oil and gas projects in upstream, refining, pipelines, LNG and petrochemical projects. ( http://www.bharatbook.com/detail.asp?id=130307&rt=Global-Oil-and-Gas-Capital-Expenditure-Outlook-2010-National-Oil-Companies-NOCsto-Drive-Investment.html )
global oil and gas sector spending to increase by 12% in 2010, driven by investment NOC
A drop of more than $ 100 prices of a barrel of oil last year to raise about $ 32 a barrel prompted many national oil companies, which depend on oil for most part of their revenue, reduce costs, delays and cancellations of oil and gas. However, the majority of national Olympic committees have the financial strength strength to finance capital intensive projects and have continued to spend during the current economic slowdown. Capital spending by oil and gas companies has been reduced considerably in 2009 following the outbreak in 2007-08. However, in 2010, CAPEX activity is expected to increase, mainly due to the large national oil companies (NOC). the cost of oil and gas in 2010 is expected to increase largely driven by China Petroleum & Chemical Corporation, Ecopetrol, Petroleo Brasileiro SA, Petroleos de Venezuela SA, Petroleos Mexicanos (PEMEX), Petroecuador, PTT Exploration and Production Public Company Limited, Nigerian National Petroleum Corporation, Sonangol and the Libyan National Oil Corp. modest spending cuts are likely to be implemented Petroluem Saudi Aramco and Qatar Co.
Develop New discoveries in the geologically Challenge Highest incur more capital
In 2009, more than 350 oil and gas discoveries have been announced worldwide. Most of these discoveries were in South and Central America (29%) followed by the Middle East and Africa (26%) and Asia-Pacific (23%) Europe (18%) and North America (5%). Petrobras is a leader, with 50 discoveries. To take advantage of new discoveries, companies will be forced to increase their budgets for 2010 Operations and beyond. Some of the discoveries in Angola, Brazil and Nigeria's development needs and the high cost of lift, which require an oil price term beyond $ 70 a barrel.
Company M & A & M drive investment in 2010
The second half of 2008 was a very volatile for oil and gas industry. After the business of meeting high mergers in 2007, global procurement and asset transactions began to fall in 2008. The decline in commodity prices, the credit crunch that led to the financial crisis and global economic recession decreased appetite for business agreement in late 2008. The impairment of financial assets caused more difficulties leading to a decreased ability of financial institutions willing to continue to hamper the flow of investment required in all industries. The global economic slowdown has led to less demand for oil and gas. As a response the natural fall in demand, diminishing appetite for risk leading to a low activity against the fourth quarter of 2008. With the stabilization of oil prices Oil above $ 75 a barrel, the M & A activities should increase in 2010 with the National Olympic Committees in China and India should be the actors main. These companies seek to acquire assets abroad to expand their presence and security of energy supply in the future. The deposits of unconventional resources offer significant growth prospects and attract major investments both international oil companies (IOC) and the NOC.
global growth industry refining capacity will be driven by the NOC
Global refining capacity has increased at a compound annual rate of 1.05% between 2000 and 2008 and should continue growing at a CAGR of 3.5% from 2008 to 2013, depending on the projects committed. In the coming years, the growth capacity of the refining industry world will be driven by the NOC in poor market conditions will reduce the investment by private companies. The global refining industry has always been dominated by private organizations, independent oil companies (ICC). Even after the nationalization of the oil industry in many countries, these companies maintained its dominant position in capitalizing on their technological competence. Many countries, especially in Asia and the Middle East, have specific and national priorities for refining projects. China is moving ahead with refinery projects to meet growing domestic demand for its products refined and reduce dependence on imports. The Middle East is investing heavily to become a major hub for oil products export domestic oil using its own heavy sour crude, and the satisfaction of its growing domestic demand light distillates. These national objectives are achieved by the NOC in these countries. For example, Iran plans to invest $ 10-15 billion for the construction of new refineries and the renovation of existing refineries. investment and growth future refining capacity will be driven by the NOC, where they will be financially supported by national governments to undertake projects of their cost of refining intensive. Seven of 10 refineries planned in the next four years are operated by oil companies.
For more information and buy a copy of your report, please visit: http://www.bharatbook.com/detail.asp?id=130307&rt=Global-Oil-and-Gas-Capital-Expenditure-Outlook-2010- National Oil Companies-Drive-Investment.html NOCsto
O
Contact us at:
Bharat Book Bureau
Tel: +91 22 27578668
Fax: +91 22 27579131
Email: info@bharatbook.com
Website: www.bharatbook.com
Blog: http://bharatbookresearch.blogspot.com
Follow us on Twitter: http://twitter.com/3bbharatbook
About the Author
We are the leading information aggregator, facilitates and supports the business information needs. With over 115,000 reports, you can get instant access and insights on the studies in yo for market research , corporate / strategic planning by providing the latest information in the form of reports, journals, magazines and databases on varied industries like automotive, oil and gas, shipping, textiles, pharmaceuticals, energy, banking, finance, insurance, risk management, country intelligence, consumer & durable goods, chemical and more ur areas of interest. Contact us at +91 22 27578668 / 27579438 or email info@bharatbook.com or our website www.bharatbook.com
Eddie Hendry on the Gulf Oil Disaster
|
|
Oil crisis to debt crisis: Energy policies in Brazil and Argentina 1960-1980 (Discussion paper series / Energy and Environmental Policy Center, John F. Kennedy School of Government) … |