Markets on the rise
The oil-price recovery has helped to improve the outlook for oil and gas capital markets
Capital raised by oil and gas companies reached $530bn in 2017. Although a partial recovery from 2016's nadir, this remains low compared to recent historical levels and is around 70% off the peak we saw in 2014. In 2017, all sources of capital—loans, bonds and equity—came in at lower than the five-year average. While access to capital has undoubtedly improved, a host of other factors are also at play. Internal cash generation has recovered along with commodity prices. In parallel, capital discipline and efficiency measures have reduced the sector's capital intensity to some extent, and alternative sources of capital such as forward sales or divestments to private equity are also increasingly
Also in this section
2 January 2025
A renewed push for oil and gas production in the US combined with a continued focus on decarbonisation are just two of the trends to look out for in the coming year
2 January 2025
The climate narrative has centred on phasing out fossil fuels in favour of renewables and novel solutions, but increasingly, policymakers are realising the importance of hydrocarbons as an enabler of the transition
2 January 2025
Global population growth is leading to ever-rising demand for reliable and affordable energy, a need gas is perfectly placed to meet
31 December 2024
With a raft of scare stories around peak demand and climate change, 2025 should be the year smart investors leave the Big Oil bogeyman to the stuff of child’s play
