0 CHECKOUT

United Kingdom Oil and Gas Report Q1 2016

  • ID: 3511240
  • December 2015
  • Region: United Kingdom, Great Britain
  • 197 pages
  • Business Monitor International
1 of 4

FEATURED COMPANIES

  • BP
  • Centrica
  • Chevron
  • ConocoPhillips
  • ExxonMobil
  • Royal Dutch Shell
  • MORE

While we see a provisional uptick in oil and gas production in the UK from 2015 onwards based on projects in the pipeline, the long-term trend remains one of stagnation given falling volumes from mature fields, a lack of significant new discoveries, falling oil prices and increasing exploration, production and operational costs in the region at a time when oil companies are seeking Capex cuts. While shale gas presents upside risk to gas production, this will not come online before the early 2020s at the earliest.

Significant fiscal incentives put in place following the ongoing fiscal review provide some upside risk to our oil and gas production outlook past 2018/2019. However, further reforms and higher sustained oil prices will be necessary to realise this upside risk.

Exploration
- The UK is set to see further decline in its oil and gas reserves, as high exploration, high operational costs and lower oil prices are limiting new exploration in the North Sea. While significant fiscal changes and development incentives were enacted early 2015, we highlight the introduction of specific exploration incentives is required to reincentivise exploration.

- Shale gas exploration will remain subdued over the coming years in the UK, despite the award of shale exploration licenses and new measures to kick-start the industry. Low oil and gas prices are notably a large barrier to quicker progress over the coming years.

Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • BP
  • Centrica
  • Chevron
  • ConocoPhillips
  • ExxonMobil
  • Royal Dutch Shell
  • MORE

Table: Headline Forecasts (United Kingdom 2013-2019)

SWOT

Oil & Gas SWOT

Industry Forecast

Upstream Exploration

Latest Updates

Structural Trends

Lacklustre Exploration Situation To 2015

Exploration-Specific Incentives Required To Boost Exploration

Unconventional Gas

Upstream Projects
Table: United Kingdom - Major Upstream Projects

Upstream Production - Oil

Latest Updates

Structural Trends
Table: A Significant Fiscal Upheaval
Table: Oil Production (United Kingdom 2013-2018)
Table: Oil Production (United Kingdom 2019-2024)

Upstream Production - Gas

Latest Updates

Structural Trends
Table: Gas Production (United Kingdom 2013-2018)
Table: Gas Production (United Kingdom 2019-2024)

Refining

Latest Updates

Structural Trends
Table: Refining Capacity and Refined Products Production (United Kingdom 2013-2018)
Table: Refining Capacity and Refined Products Production (United Kingdom 2019-2024)

Refined Fuels Consumption

Latest Updates

Structural Trends
Table: Refined Products Consumption (United Kingdom 2013-2018)
Table: Refined Products Consumption (United Kingdom 2019-2024)

Gas Consumption

Latest Updates

Structural Trends
Table: Gas Consumption (United Kingdom 2013-2018)
Table: Gas Consumption (United Kingdom 2019-2024)

Trade - Oil

Crude Oil Trade Forecasts

Latest Updates

Structural Trends
Table: Crude Oil Net Exports (United Kingdom 2013-2018)
Table: Crude Oil Net Exports (United Kingdom 2019-2024)

Refined Fuels Trade Forecasts

Latest Updates

Structural Trends
Table: Refined Fuels Net Exports (United Kingdom 2013-2018)
Table: Refined Fuels Net Exports (United Kingdom 2019-2024)

Trade - Gas (Pipeline And LNG)

Latest Updates

Structural Trends
Table: United Kingdom LNG Import Contracts
Table: Gas Net Exports (United Kingdom 2013-2018)
Table: Gas Net Exports (United Kingdom 2019-2024)

Industry Risk Reward Index

North America And Western Europe Oil & Gas Risk/Reward Index
Table: North America & Western Europe Oil & Gas Risk/Reward Index, out of 100

Upstream Rankings: North America To Maintain The Lead

North America: Canada Losing Its Edge

Western Europe Languishes In Maturing Assets
Table: North America & Western Europe Upstream Risk/Reward Index, out of 100

Downstream Rankings: US Widens Its Lead
Table: North America & Western Europe Downstream Risk/Reward Index, out of 100

United Kingdom - Risk/Reward Index

UK Upstream Index - Overview

UK Upstream Index - Rewards

UK Upstream Index - Risks

UK Downstream Rewards - Overview

Market Overview

Energy Market Overview

Regulatory Structure

Licensing Regime
Table: UK Licensing Regime

Fiscal Regime
Table: UK Fiscal Regime As Of 2015
Table: A Significant Fiscal Upheaval

Licensing Rounds

Oil And Gas Infrastructure

Oil Refineries

Oil Storage Facilities

Oil Terminals/Ports

Oil Pipelines

LNG Terminals

Gas Storage Facilities
Table: Gas Storage Facilities

Gas Pipelines

Competitive Landscape

Summary
Table: Key Players - UK Oil & Gas Sector
Table: Key Upstream Players
Table: Key Downstream Players

Company Profile

BP

Centrica

Chevron

ConocoPhillips

ExxonMobil

Royal Dutch Shell

Total

Other Summaries

Regional Overview

North America And Western Europe Oil & Gas Regional Overview
Table: North America, Key Regional Indicators
Table: Western Europe, Key Regional Indicators

Glossary
Table: Glossary Of Terms

Methodology

Industry Forecast Methodology

Source

Risk/Reward Index Methodology
Table: Oil & Gas Upstream Risk/Reward Index
Table: Weighting

Note: Product cover images may vary from those shown
3 of 4

BP
Centrica
Chevron
ConocoPhillips
ExxonMobil
Royal Dutch Shell
Total

Note: Product cover images may vary from those shown
4 of 4
Note: Product cover images may vary from those shown

PURCHASING OPTIONS

HAVE A QUESTION?

EMAIL US VIEW FAQs

RELATED PRODUCTS from Cache

Our Clients

  • Nexen
  • Royal Dutch Shell PLC
  • Total S.A.
  • Ecopetrol S.A.
  • Petrobras
  • BG Group Plc.