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Oil and Gas - Looking forward and back

December 28, 2014

The sudden and unexpected drop in hydrocarbon prices was the big story of 2014. The reaction by the industry to these new prices will be the big story in 2015.

Looking back at 2014

Looking forward at 2015

The area ‘north of 56’ is a high cost area which will see a curtailment of activity in 2015.



2015 will be a tough year for oil and gas producers ‘north of 56’. Offshore oil and gas looks like a non-starter in all arctic areas. The drop in natural gas prices does not help project economics for large-scale LNG projects.



Source : Financial Times