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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
ENERGY
Oil and gas exploration will never return to the heady heights of the 2006-2014 boom but spend is recovering and will remain healthy over the next few years according to Wood Mackenzie.
- The estimated average annual spend of $22 billion between 2023 and 2027 isn’t far off the average for the more disciplined years before the boom.
- A strong tailwind for oil & gas exploration in the short to medium term is driven by softening attitudes to fossil fuel with focus on energy security and affordability with healthy balance sheets for many firms due to record profits amid demand for high quality, lower carbon oil and gas.
- Portfolio high-grading, better spending discipline, more careful prospect choice and more efficient development are boosting economics while new locations and advances in geoscience and technology are also supportive.
- Exploration could be limited by lack of high quality prosects, shortage of workforce, supply chain costs, financing hurdles for smaller firms and capital discipline.
Source: Wood Mackenzie
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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