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Will rising oil prices lead to a renewed shale boom?

Will shale’s return on investment be higher and faster with a rising oil price or does it lose its competitive advantage above $60? Jonathan Green, upstream oil and gas business analyst, provides some provocative food for thought on shale as we approach the end of 2017.

Hydrocarbons are effectively an infinite resource. It just depends on how much you are prepared to spend to exploit them. Many shale players are stating that they can profitably produce at US$40/bbl and that they are well positioned to ramp up production massively as the price of WTI moves beyond US$60/bbl. However, shale’s resilience has to a large extent relied on the willingness of the capital markets to fund persisting cash-flow deficits in E&P companies. [Read more…]

Hydrocarbon Man: The Risks, Opportunities and Prospects for Oil & Gas in 2017 and Beyond

WBC’s Angus Warren gave a presentation at The Aster Club’s* spring meeting in London last week.  The talk, entitled “Hydrocarbon Man: The Risks, Opportunities and Prospects for Oil & Gas in 2017 and Beyond” started with an overview of an industry that touches every aspect of modern life from energy, to food, medicines and clothes.  Delegates learned how mankind has become “Hydrocarbon Man”. [Read more…]

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