Outlook 2022: Independents tap into the transition
Large-cap companies may be keen to decarbonise their portfolios, but shedding non-core assets presents a golden opportunity for smaller upstream E&Ps
Societal pressure is leading oil majors to pivot their strategies towards renewables and net-zero targets, creating a brief window of opportunity for independents to snap up non-core assets, build scale and deliver value to shareholders. Assets changing hands between majors and smaller independents is certainly not new. A similar transition took place in the Gulf of Mexico and the North Sea in recent memory. A review of the operating landscape of the North Sea today would show a very different list of operators from the 1990s and 2000s. The drivers of that particular transition were different in terms of majors high-grading and rationalising their portfolios, but the principles were largely
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy