Oil & Gas Capital Expenditure Outlook 2011

Oil & Gas Capital Expenditure Outlook 2011

Summary

Global Data’s new report, “Oil & Gas Capital Expenditure Outlook 2011” provides in-depth analysis and insights into the oil and gas sector’s capital expenditure outlook for 2011. The report provides a detailed analysis of the current and future capital expenditure position of national oil companies, as well as for integrated, and independent oil and gas companies. It details information and analysis of capital expenditure across the entire value chain of the global oil and gas industry. It also provides detailed information on oil and gas capital expenditure across various regions – North America, South and Central America, Europe, the Middle East and Africa and Asia-Pacific. The report also covers the planned oil and gas projects in upstream, refining, pipeline, liquefied natural gas (LNG) and petrochemicals.

Scope

The report provides in-depth analysis and insights into the oil and gas sector’s capital expenditure outlook for 2011. Its scope includes:
- Key findings and analysis of capital expenditure trend in oil and gas sector.
- Historic and forecast capital expenditure information from 2006 to 2011.
- Information and analysis of capital expenditure across all oil and gas segments – upstream, midstream and downstream.
- Information on capital expenditure by region – North America, Asia-Pacific, South and Central America, Africa and the Middle East, and Europe.
- Information on capital expenditure by company type – National Oil Companies, Integrated and Independent companies.
- Information on major planned oil and gas projects in the upstream, refining, pipeline, LNG and petrochemicals sectors.

Reasons to buy

The report will enhance your decision making capability. It will allow you to
- Understand global oil and gas sector’s spending trends in 2011.
- Keep abreast of information and in-depth analysis of global oil and gas market capital expenditure outlook in 2011
- Formulate your strategies based on analysis of your competitors’ capital expenditure plans
- Benchmark against operations and competitive strategies of the NOCs and IOCs in the world
- Devise strategies to safeguard your interests based on insights on the strategies of NOCs and IOCs and their impact on the global oil and gas industry.

Table of Contents

1 Table of Contents 3
1.1 List of Tables 4
1.2 List of Figures 5

2 Introduction 6
2.1 Overview 6
2.2 Report Guidance 7

3 Global Oil and Gas Capital Expenditure Will Continue to Rise in 2011 8
3.1 Oil and Gas Spending Up by 14% in 2010 8
3.2 Global Oil and Gas Sector Spending to Rise by 15% in 2011 10
3.3 Capex Growth in 2011 to be Driven by NOCs and Integrated Oil and Gas Companies 12
3.4 Brazil to Transform Itself into an Emerging, Global Crude Oil Supplier 14
3.5 Global Offshore Drilling Spend Continues to Rise 18
3.6 Recovery of Canadian Oil Sands to Continue in 2011 19
3.7 Oil and Gas Discoveries Continue to Increase Across the Globe 22
3.8 Increasing Deal Activity in the Oil and Gas Industry 24

4 Capital Expenditure by Oil and Gas Sector 27
4.1 Exploration and Production Sector 27
4.2 Midstream and Downstream Sector 28

5 Capital Expenditure by Region 30
5.1 North America 30
5.2 South and Central America 31
5.3 Europe 32
5.4 Middle East and Africa 33
5.5 Asia-Pacific 34

6 Capital Expenditure by Oil and Gas Companies 35
6.1 National Oil Companies 35
6.2 Integrated Companies 37
6.3 Independent Companies 38

7 Major Planned Oil and Gas Projects in 2011 40
7.1 Upstream Projects 40
7.2 Refining Projects 42
7.3 Pipeline Projects 44
7.4 LNG Projects 45
7.5 Petrochemical Projects 46
7.5.1 Polypropylene Projects 46
7.5.2 Polyethylene Projects 47

8 Factors Leading to Rise in Oil and Gas Capital Expenditure in 2011 48
8.1 Stabilized Crude Oil Prices Leading to Increased Spending in Oil and Gas 48
8.1.1 The US and Emerging Countries' GDP 48
8.1.2 Expected Consumption of Crude Oil Worldwide 48
8.1.3 OPEC Outlook 48
8.2 Improving Oil Demand and Refining Margins are Driving the Growth in Global Capital Expenditure 49
8.3 Improving Economic Outlook Driving the Growth in Oil and Gas Spending 51

9 Appendix 52
9.1 Abbreviations 52
9.2 Methodology 53
9.2.1 Secondary Research 53
9.2.2 Primary Research 53
9.3 Contact Us 53
9.4 Disclaimer 54

1.1 List of Tables

Table 1: Oil and Gas Spending ($bn), 2006-2010 8
Table 2: Oil and Gas Spending, by Region ($bn), 2006-2010 9
Table 3: Oil and Gas Spending, by Company Type ($bn), 2011 10
Table 4: Oil and Gas Spending and Growth Rate, by Company Type ($bn), 2011 11
Table 5: Oil and Gas Spending, by National Oil Companies ($bn), 2006–2011 12
Table 6: Oil and Gas Spending, by Integrated Oil and Gas Companies ($bn), 2006–2011 13
Table 7: Major Oil and Gas Discoveries, Brazil, 2010 15
Table 8: Offshore Drilling Spend ($bn), Global, 2000–2011 19
Table 9: Major Planned Upstream Oil Sands Projects in Canada, 2011 20
Table 10: Average Crude Oil Prices, Global, 2010 21
Table 11: Number of Oil and Gas Discoveries by Top Countries, 2010 22
Table12: Oil and Gas Deals by Industry, Number Of Deals, Q1 2009 – Q4 2010 24
Table 13: Oil and Gas Deals by Industry, Deal Value, 2009Q1–2010Q4 25
Table 14: Top 10 M&A Deal by Deal Value, 2007-2009 25
Table 15: Exploration and Production (E&P) Sector, Capital Expenditure ($bn), 2006-2011 27
Table 16: Midstream and Downstream Sector, Capital Expenditure ($bn), 2006-2011 29
Table 17: Oil and Gas Capital Expenditure ($bn), North America, 2007-2011 30
Table 18: Oil and Gas Capital Expenditure ($bn), South and Central America, 2007-2011 31
Table 19: Oil and Gas Capital Expenditure ($bn), Europe, 2007–2011 32
Table 20: Oil and Gas Capital Expenditure ($bn), Middle East and Africa, 2007–2011 33
Table 21: Oil and Gas Capital Expenditure ($bn), Asia-Pacific, 2007-2011 34
Table 22: National Oil Companies, Oil and Gas Capital Expenditure ($bn), 2006-2011 35
Table 23: Integrated Companies, Oil and Gas Capital Expenditure ($bn), 2006–2011 37
Table 24: Independent Companies, Oil and Gas Capital Expenditure ($bn), 2006–2011 38
Table 25: Major Planned Exploration and Production (E&P) Projects, Global, 2011–2018 41
Table 26: Top 10 Planned Refineries, Global, 2010–2013 43
Table 27: Pipeline Industry, Top 10 Planned Pipelines, Global, 2011-2020 44
Table 28: LNG Industry, Top 10 Planned LNG Liquefaction Terminals, Global, 2011–2015 45
Table 29: LNG Industry, Top 10 Planned Regasification Terminals, Global, 2011–2015 45
Table 30: Planned PolyPropylene Projects, Global, 2011 Startup 46
Table 31: Planned Polyethylene Projects, Global, 2011 Startup 47
Table 32: Crude Oil and Natural Gas Average Prices, 2010–2014 48
Table 33: Crude Oil Demand (Billion Barrels), Global, 2009-2015 49

1.2 List of Figures

Figure 1: Oil and Gas Spending ($bn), 2006-2010 8
Figure 2: Oil and Gas Spending, by Region ($bn), 2006-2010 9
Figure 3: Oil and Gas Spending, by Company Type ($bn), 2011 10
Figure 4: Oil and Gas Spending and Growth Rate, by Company Type ($bn), 2011 11
Figure 5: Oil and Gas Spending, by National Oil Companies ($bn), 2006–2011 12
Figure 6: Oil and Gas Spending, by Integrated Oil and Gas Companies ($bn), 2006–2011 13
Figure 7: Increasing Oil Exports (Thousand Barrels Per Day), Brazil, 2000-2020 17
Figure 8: Offshore Drilling Spend, Global, Spend by Region ($bn), 2000–2011 18
Figure 9: Crude Oil Prices ($/bbl), Global, 2010 21
Figure 10: Number of Oil and Gas Discoveries by Top Countries, 2010 22
Figure 11: Oil and Gas Discoveries by Top Operators, 2010 23
Figure 12: Oil and Gas Deals by Industry, Number Of Deals and Deal Value, 2009Q1–2010Q4 24
Figure 13: Exploration and Production (E&P) Sector, Capital Expenditure ($bn), 2006-2011 27
Figure 14: Midstream and Downstream Sector, Deal Value of Asset Transactions ($bn), 2004-2010 28
Figure 15: Midstream and Downstream Sector, Capital Expenditure ($bn), 2006-2011 29
Figure 16: Oil and Gas Capital Expenditure ($bn), North America, 2007–2011 30
Figure 17: Oil and Gas Capital Expenditure ($bn), South and Central America, 2007–2011 31
Figure 18: Oil and Gas Capital Expenditure ($bn), Europe, 2007–2011 32
Figure 19: Oil and Gas Capital Expenditure ($bn), Middle East and Africa, 2007–2011 33
Figure 20: Oil and Gas Capital Expenditure ($bn), Asia-Pacific, 2007-2011 34
Figure 21: National Oil Companies, Oil and Gas Capital Expenditure ($bn), 2006-2011 35
Figure 22: Integrated Oil Companies, Oil and Gas Capital Expenditure ($bn), 2006–2011 37
Figure 23: Independent Companies, Oil and Gas Capital Expenditure ($bn), 2006–2011 38
Figure 24: Major Planned Refining Projects, Global, 2010 42
Figure 25: Crude Oil Demand (Billion Barrels), Global, 2009-2015 49
Figure 26: Gross Refining Margin Trends ($/Barrel), Global, 2007-2010 50
Figure 27: GDP Growth Rate (%), Global, 2008– 2011 51