More from: Industry outlook



Oil and Gas 3.0 – The Reboot

Nostradamus Lite.  The past two weeks have witnessed a flurry of movements in the industry far and wide, spurred on by the arrival of a new US administration and the ramifications of the OPEC deal struck back in December.  Signs abound about the long-awaited rebound in drilling, exploration, capital project approvals and renewed investment intentions […]





The long shadow of a black swan

Buyers of hope, beware.  Last week saw two news items in the National Post associated with the continuing blight of the energy industry.  On 16 September, the Post reported the approval of three oilsands projects by the Alberta government (“Alberta approves three oilsands projects worth potential $4 billion in investments”, by Ian Bickis, The Canadian Press).  […]


Great Expectations

  An ironic consequence of the great dislocation in the oil and gas industry has been the recovery of control over a hitherto spiraling cost structure, by those who hold the purse strings.  The worldwide onslaught of lay offs, both the necessary and the opportunistic, have transformed owners and producers into de facto monopsony hegemons […]