Oil and Gas Investor


Naomi Sutorius-Lavoie, Gilles Valentin, Carston Grueber

UK Oil & Gas 2004 OGI Release

February 05, 2004

Five years ago, what was once Europe’s leading oil and gas producer was in deep disarray. With alarming outlooks on levels of extraction and rig counts and a globally depressed oil and gas industry, the U.K. sector was looking at its future with an eye on retirement schemes. Half a decade later, the outlook seems radically changed, with the sector buzzing with news of fresh deals and renewed activity and oil and gas industrialists adopting a much more optimistic stance, both at home and abroad.

Today, 45 onshore fields are producing 32 million barrels of oil per year and around 23 billion cubic feet (Bcf) of gas. Despite more than 80 years of activity, significant discoveries are still being made, the coalbed-methane industry is still in its infancy and there is much room for innovative thinking in the basin to expand the onshore production life-cycle. Yet, the U.K.’s real potential, and base for its oil-producing status, comes from its offshore hydrocarbon reserves, out of which 31 billion barrels have been extracted, with an estimated 24 to 32 billion barrels of extractable reserves remaining.


"The energy transition can only be funded by big oil, as they are the only players who can balance the low returns of renewables projects with their high earning fossil fuel projects."
Petromar speaks of the outlook for Angola’s oil and gas service industry for the next two years.
ENI updates GBR on the progress of its operations across Sub-Saharan Africa.
Grupo Videre looks at the massive LNG developments in Northern Mozambique from the perspective of a service company.


Chile Mining 2024 Pre-Release

The Chilean mining renaissance has begun. In 2024, the country is set to experience its first increase in copper production since 2018, driven by Codelco’s production surge and Teck Resources’ Quebrada Blanca II coming online. This year also saw the first major regulatory update since 1983 with amendments to Law No. 21,420, which modernized the mining framework. The government has shown strong support for the industry by committing to reduce permit processing times by a third and proposing 20 actionable measures to streamline processes. Additionally, Chile classified its 69 saline environments, leaving 31 open for private development and initiating a request for information process in April to rapidly advance these areas.



"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."