Oil & Gas - Douglas-Westwood

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Oil & Gas – the post-recession world • IOC’s under increasing pressure for new discoveries and production • But recession has ended ‘price is no object’ environment • Oil supply will be insufficient to meet future need • Natural gas has to take up some of the load • Both innovation and cost will be critical drivers in the years ahead • If we find the oil, can we afford to lift it • Challenging times ahead, but the global economy will absorb all oil volumes that can be produced at affordable prices 40
Thank you This presentation can be downloaded from www.douglas-westwood.comwestwood.com 41
Page 1 and 2: John Westwood AMCHAM Perth WA 26 Ma
Page 3 and 4: Brazil - ‘huge blackout. Half the
Page 5 and 6: Energy demand outpaces population g
Page 7 and 8: China invests in future energy supp
Page 9 and 10: Have 8 out of 10 oil majors have pa
Page 11 and 12: NOCs rule - OK Source: Barclays: Ou
Page 13 and 14: Natural gas production to soar 100
Page 15 and 16: Continuing growth in global LNG cap
Page 17 and 18: NOCs to rule - OK Energy Market Dri
Page 19 and 20: Global offshore oil & gas spend to
Page 21 and 22: Floating production market has turn
Page 23 and 24: Escalating costs are a major concer
Page 25 and 26: 25 25
Page 27 and 28: Growing problems of old plant UK: p
Page 29 and 30: Energy Market Drivers Oil & Gas Pow
Page 31 and 32: Alternatives - the problem is cost
Page 33 and 34: Offshore windpower: activity surge
Page 35 and 36: Is the Calera process an answer to
Page 37 and 38: Energy conservation is part of the
Page 39: Australia - hopes for the future

Oil & Gas - Douglas-Westwood

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