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Global Oil and Gas Capital Expenditure Outlook - 2010: National Oil Companies (NOCs) to Drive Investment
Market Study
Published: January 2010
Pages: 74
Tables: For full details, please email keithw@cmsinfo.com
From: GBP 2187.50 Buy Now!
Research from: GlobalData
Sector: Oil & Gas
Global Oil and Gas Capital Expenditure Outlook - 2010: National Oil Companies (NOCs) to Drive Investment
Summary
GlobalData’s new report “Global Oil and Gas Capital Expenditure Outlook - 2010 National Oil Companies (NOCs) to Drive Investment” provides in-depth analysis and insights into the oil and gas sector capital expenditure outlook for 2010. The report provides a detailed analysis of the current and future capital expenditure position of national oil companies, integrated, and independent oil and gas companies. It details Information and analysis of capital expenditure in oil and gas segments; upstream and Midstream. It also provides a detailed information on capital expenditure across various region; North America, South and Central America, Europe, Middle East & Africa and Asia-Pacific. The report also covers the planned oil and gas projects in upstream, refining, pipeline, LNG and petrochemical projects.
A drop of over $100 per barrel in oil prices late last year to around $32 per barrel prompted many national oil companies, which depend on oil for most of their revenue, to cut spending, delay and cancel oil and gas projects. However, most NOCs have the necessary financial strength to fund their capital-intensive projects and they continued to spend in the present economic downturn. The capital expenditure of oil and gas companies, witnessed a significant decrease in 2009, after the surge in 2007–08. However, in 2010 capex activity is expected to rise, driven mainly by large National Oil Companies (NOCs). The capital expenditure of oil and gas companies, witnessed a significant decrease in 2009, after the surge in 2007–08. However, in 2010 capex activity is expected to rise, driven mainly by large National Oil Companies (NOCs). GlobalData forecasts a 12% growth in the oil and gas sector capital expenditure in 2010 and expects the total capex of the leading listed oil and gas companies to exceed $798 billion, driven mainly by the investments of NOCs. The total capital expenditure by the listed NOCs (for which data is publicly available) is expected to register a 16% growth to around $375 billion in 2010.
Scope
The report provides in-depth analysis and insights into oil and gas sector capital expenditure outlook for 2010. Its scope includes:
- Key findings and analysis of capital expenditure trend in oil and gas sector.
- Historic and forecast capital expenditure information from 2005 to 2010.
- Information and analysis of capital expenditure in oil and gas segments; Upstream and Midstream.
- Detailed information on break-up capital expenditure by regions; North America, Asia-Pacific, South and Central America, Africa and Middle East and Europe.
- Information on capital expenditure by company type; National Oil Companies, Integrated and Independents companies.
- Details the major planned oil and gas projects in upstream, refining, pipeline, (Liquified Natural Gas) LNG and Petrochemical.
Reasons to buy
- Gain a strong understanding of the oil and gas sector spending trend.
- Provides up-to-date information, and in-depth analysis global oil & gas capital expenditure outlook 2010.
- Formulate your strategies based on in-depth analysis of your competitors’ capital expenditure data.
- Identify your position in the global oil and gas industry by understanding the major oil and gas players in the industry.
- Benchmark against operations and competitive strategies of the NOCs and IOCs in the world.
- Devise strategies to safeguard your interests based on insights on the strategies and internationalization of the NOCs and its impact on the global oil and gas industry. 1 Table of contents 3
1.1 List of Tables 4
1.2 List of Figures 5
2 Introduction 6
2.1 Overview 6
3 GlobalData Report Guidance. 7
4 Global Oil and Gas Capital Expenditure to Rise in 2010 8
4.1 Oil & Gas Spending Down 18% in 2009 8
4.2 Global Oil and Gas Sector Spending to Rise 12% in 2010 9
4.3 2010 Capex Growth Driven by the Largest NOCs 11
4.4 Brazil Emerging as Powerhouse 14
4.5 Global Offshore Drilling Spend to 2020 17
4.6 The Unconventional Natural Gas Industry Will Attract Huge Investments In The Next Decade 20
4.7 Revival of Canadian Oil Sands Industry 23
4.7.1 Effect of financial crisis on Canadian Oil Sands Industry 23
4.7.2 Industry costs are declining 25
4.7.3 Price recovery since the lows in 2008 Q4 25
4.7.4 First Signs of the Revival of the Canadian Oil and Gas Industry 28
4.8 Developing New discoveries in more geologically challenging Regions 30
4.9 Corporate M&A Deals Will Drive M&A Investment in 2010 32
5 Capital Expenditure by Oil and Gas Sector 36
5.1 Exploration and Production Sector 36
5.2 Midstream and Downstream Sector 37
6 Capital Expenditure by Region 39
6.1 North America 39
6.2 South and Central America 39
6.3 Europe 40
6.4 Middle East & Africa 41
6.5 Asia-Pacific 42
7 Capital Expenditure by Oil & Gas Companies 44
7.1 National Oil Companies 44
7.2 Integrated Companies 45
7.3 Independent Companies 47
8 Major Planned Oil and Gas Projects in 2010 49
8.1 Upstream Projects 49
8.2 Refining Projects 52
8.3 Pipeline Projects 54
8.4 LNG Projects 55
8.5 Petrochemical Projects 56
8.5.1 Polypropylene Projects 56
8.5.2 Polyethylene Projects 57
9 Factors Leading to Rise in Capital Expenditure in 2010 and Beyond 59
9.1 Crude Oil and Natural Gas Prices And Thereby E&P Capital Expenditure Are Expected To Witness An Upward Trend In 2010 59
9.2 Improving Economic Outlook In 2010 Will Drive The Recovery Of Capital Expenditure 59
10 Appendix 62
10.1 Abbreviations 62
10.2 Methodology 62
10.2.1 Coverage 63
10.2.2 Secondary Research 64
10.2.3 Primary Research 64
10.2.4 Expert Panel Validation 64
10.3 Contact Us 64
10.4 Disclaimer 65
Summary
GlobalData’s new report “Global Oil and Gas Capital Expenditure Outlook - 2010 National Oil Companies (NOCs) to Drive Investment” provides in-depth analysis and insights into the oil and gas sector capital expenditure outlook for 2010. The report provides a detailed analysis of the current and future capital expenditure position of national oil companies, integrated, and independent oil and gas companies. It details Information and analysis of capital expenditure in oil and gas segments; upstream and Midstream. It also provides a detailed information on capital expenditure across various region; North America, South and Central America, Europe, Middle East & Africa and Asia-Pacific. The report also covers the planned oil and gas projects in upstream, refining, pipeline, LNG and petrochemical projects.
A drop of over $100 per barrel in oil prices late last year to around $32 per barrel prompted many national oil companies, which depend on oil for most of their revenue, to cut spending, delay and cancel oil and gas projects. However, most NOCs have the necessary financial strength to fund their capital-intensive projects and they continued to spend in the present economic downturn. The capital expenditure of oil and gas companies, witnessed a significant decrease in 2009, after the surge in 2007–08. However, in 2010 capex activity is expected to rise, driven mainly by large National Oil Companies (NOCs). The capital expenditure of oil and gas companies, witnessed a significant decrease in 2009, after the surge in 2007–08. However, in 2010 capex activity is expected to rise, driven mainly by large National Oil Companies (NOCs). GlobalData forecasts a 12% growth in the oil and gas sector capital expenditure in 2010 and expects the total capex of the leading listed oil and gas companies to exceed $798 billion, driven mainly by the investments of NOCs. The total capital expenditure by the listed NOCs (for which data is publicly available) is expected to register a 16% growth to around $375 billion in 2010.
Scope
The report provides in-depth analysis and insights into oil and gas sector capital expenditure outlook for 2010. Its scope includes:
- Key findings and analysis of capital expenditure trend in oil and gas sector.
- Historic and forecast capital expenditure information from 2005 to 2010.
- Information and analysis of capital expenditure in oil and gas segments; Upstream and Midstream.
- Detailed information on break-up capital expenditure by regions; North America, Asia-Pacific, South and Central America, Africa and Middle East and Europe.
- Information on capital expenditure by company type; National Oil Companies, Integrated and Independents companies.
- Details the major planned oil and gas projects in upstream, refining, pipeline, (Liquified Natural Gas) LNG and Petrochemical.
Reasons to buy
- Gain a strong understanding of the oil and gas sector spending trend.
- Provides up-to-date information, and in-depth analysis global oil & gas capital expenditure outlook 2010.
- Formulate your strategies based on in-depth analysis of your competitors’ capital expenditure data.
- Identify your position in the global oil and gas industry by understanding the major oil and gas players in the industry.
- Benchmark against operations and competitive strategies of the NOCs and IOCs in the world.
- Devise strategies to safeguard your interests based on insights on the strategies and internationalization of the NOCs and its impact on the global oil and gas industry. 1 Table of contents 3
1.1 List of Tables 4
1.2 List of Figures 5
2 Introduction 6
2.1 Overview 6
3 GlobalData Report Guidance. 7
4 Global Oil and Gas Capital Expenditure to Rise in 2010 8
4.1 Oil & Gas Spending Down 18% in 2009 8
4.2 Global Oil and Gas Sector Spending to Rise 12% in 2010 9
4.3 2010 Capex Growth Driven by the Largest NOCs 11
4.4 Brazil Emerging as Powerhouse 14
4.5 Global Offshore Drilling Spend to 2020 17
4.6 The Unconventional Natural Gas Industry Will Attract Huge Investments In The Next Decade 20
4.7 Revival of Canadian Oil Sands Industry 23
4.7.1 Effect of financial crisis on Canadian Oil Sands Industry 23
4.7.2 Industry costs are declining 25
4.7.3 Price recovery since the lows in 2008 Q4 25
4.7.4 First Signs of the Revival of the Canadian Oil and Gas Industry 28
4.8 Developing New discoveries in more geologically challenging Regions 30
4.9 Corporate M&A Deals Will Drive M&A Investment in 2010 32
5 Capital Expenditure by Oil and Gas Sector 36
5.1 Exploration and Production Sector 36
5.2 Midstream and Downstream Sector 37
6 Capital Expenditure by Region 39
6.1 North America 39
6.2 South and Central America 39
6.3 Europe 40
6.4 Middle East & Africa 41
6.5 Asia-Pacific 42
7 Capital Expenditure by Oil & Gas Companies 44
7.1 National Oil Companies 44
7.2 Integrated Companies 45
7.3 Independent Companies 47
8 Major Planned Oil and Gas Projects in 2010 49
8.1 Upstream Projects 49
8.2 Refining Projects 52
8.3 Pipeline Projects 54
8.4 LNG Projects 55
8.5 Petrochemical Projects 56
8.5.1 Polypropylene Projects 56
8.5.2 Polyethylene Projects 57
9 Factors Leading to Rise in Capital Expenditure in 2010 and Beyond 59
9.1 Crude Oil and Natural Gas Prices And Thereby E&P Capital Expenditure Are Expected To Witness An Upward Trend In 2010 59
9.2 Improving Economic Outlook In 2010 Will Drive The Recovery Of Capital Expenditure 59
10 Appendix 62
10.1 Abbreviations 62
10.2 Methodology 62
10.2.1 Coverage 63
10.2.2 Secondary Research 64
10.2.3 Primary Research 64
10.2.4 Expert Panel Validation 64
10.3 Contact Us 64
10.4 Disclaimer 65