2014 Oil and Gas Reality Check report
The 2014 Oil and Gas Reality Check report, released on Monday, was produced by Deloitte Touche Tohmatsu Limited (DTTL), a UK-based private company and a Deloitte member firm.
2014 Oil and Gas Reality Check takes an overarching view of five main topics impacting the oil and gas sector, and outlines the challenges each may present to industry participants and resource owners. While the reader may find some overlap with the topics presented in the 2013 edition of Reality Check, many of the implications and suppositions associated with this year’s themes are different, as another year has brought change to the industry fundamentals underlying each. These fundamentals include macroeconomic conditions, the supply-demand balance, regulatory constructs, cost components, commodity prices, competitive behavior, and the impact of geopolitics, which is now even more pronounced, and the related use of energy as a diplomatic tool.
Issues covered in the report include:
Global energy – North American revolution
Energy supplies – New sources, new geopolitics
Energy mix – A change in the global order
Energy production – Oil and gas megaprojects call for new project management strategies
Energy nationalism – Driven by greed, fear, and pride
It talks of the ripple effects of the North American energy boom are being felt across the Middle East, Russia and China and also states the U.S. is currently positioned to be a net exporter of natural gas by the end of this decade, based on projections from the U.S. Energy Information Administration,
Full Report- gx-er-oilandgas-reality-check2014