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Tariq Siddiqui's picture
COO Upstream EP Advisors LLC

Oil & Energy | Business Development | Capital Projects | Offshore Windย - ย Proven leader in offshore development and operations, with 25+ yearsโ€™ expertise in managing business through cycles...

  • Member since 2021
  • 126 items added with 84,124 views
  • Jan 20, 2021
  • 1030 views

In this insightful article,ย Simon Flowersย Chairman, Chief Analyst and author of The Edge at WoodMackenzie looks at 5 themes to watch:
1-From economic ๐›๐ฎ๐ฌ๐ญ ๐ญ๐จ ๐›๐จ๐จ๐ฆ
2-Action on ๐—–๐—น๐—ถ๐—บ๐—ฎ๐˜๐—ฒ ๐—ฐ๐—ต๐—ฎ๐—ป๐—ด๐—ฒ steps up
3-Balancing the oil market and ๐—œ๐—ฟ๐—ฎ๐—ป
4-Rebuilding the sectorโ€™s ๐Ÿ๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐ฌ๐ญ๐ซ๐ž๐ง๐ ๐ญ๐ก
5-Oil and gas ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—บ๐—ฒ๐—ป๐˜๐˜€ at fifteen year low
ย 

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Thank Tariq for the Post!
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Matt Chester's picture
Matt Chester on Jan 20, 2021

Oil and gas ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—บ๐—ฒ๐—ป๐˜๐˜€ at fifteen year low

Is there a pathway where you see this reversing, or is this the beginning of the transition away and it's a matter of how long that decline lasts until it's a minority of the energy investment world? 

Tariq Siddiqui's picture
Tariq Siddiqui on Jan 21, 2021

Matt
This is a very relevant question, let me answer it in two parts:

1-Is there a pathway, where I see this reversing, the short answer would be, no not likely. I have just added my 3-minute video that addresses "Understanding Transition & Transformation in Oil & Gas." Even though demand for oil and gas will decrease, but the current decline in oil fields is much greater than any reduced demand, that will still require more investments, although new projects will have to be cost competitive.

2-Will oil & gas be the minority investment? So here experts are already saying it's not a matter whether oil has reached its peak, rather have investment in oil and gas have peaked? There will be fewer and fewer investment due to climate challenge, and again they will have to be cost competitive

Best Regards
Tariq Siddiqui

Matt Chester's picture
Matt Chester on Jan 21, 2021

Thanks for the thoughtful reply, Tariq-- your insights as the oil & gas industry move forth into unchartered territory will be most valued!

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