Global Oil and Gas Capital Spending in 2011- Insights and Trends

Report Summary

LNGReports’ new research analysis- “Global Oil and Gas Capital Spending in 2011- Insights and Trends” reveals that the global oil and gas capital spending is likely to stand at $841 billion in 2011, signifying that most markets are looking ahead for capturing the increasing energy demand.
The comprehensive report provides in-depth analysis and forecasts of region wise, country wise, company wise and sector wise capital spending between 2005 and 2011. It also provides information on the key oil and gas capital expenditure trends and key industry trends. The report also analyzes in detail all the major factors that drive the capital expenditure in 2011. It also analyzes five leading upstream investment areas and identifies all major midstream and downstream projects

Scope

Each of the chapters detailed below are detailed in-depth with analysis on outlook, trends and factors driving the outlook

• Chapter 2- Oil and gas spending in 2011 break up- by region, country, sector and company
• Chapter 3- Major oil and gas spending trends in 2011
• Chapter 4- Major upstream, midstream and downstream industry trends in 2011
• Chapter 5- Sector wise capex forecast from 2005 to 2011 (upstream, LNG, refinery, other mid/downstream)
• Chapter 6- Region wise capex forecast from 2005 to 2011 (Asia Pacific, Europe, Middle East Africa, North America, South & Central America)
• Chapter 7- Capex forecast for 18 countries from 2005 to 2011 (Australia, India, China, Malaysia, Italy, Norway, Russia, United Kingdom, Angola, Libya, Nigeria, Oman, Canada, Mexico, United States, Brazil, Colombia, Venezuela)
• Chapter 8- Company wise capex forecast, 2005 to 2011 (super majors, state owned, global integrated, US integrated, non-integrated). In addition, information on capex outlook of 20 major oil and gas companies is also given.
• Chapter 9- Key upstream investment areas and their potential (US Shale gas, Australia Coal seam gas, Brazil pre-salt discoveries, Colombia and Iraq upstream sectors)
• Chapter 10- Key LNG, refinery, pipeline and storage investment areas in 2011

Reasons To Purchase

The unique research work from LNGReports is designed to give readers clear outlook and detailed analysis of the insights, trends and driving factors of oil and gas capex to 2011-
The report enables you to

• Gain clear and detailed outlook of region wise, country wise, company wise and sector wise capex between 2005 and 2011
• Get detailed understanding on key trends and driving factors behind global oil and gas capex increases
• Identify key investment opportunities in the global upstream, midstream and downstream industry
• Benchmark your optimal capital spending levels
• Beat your competitors by understanding their key investment strategies

Table of Contents

1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9

2 Overview of Oil and Gas Spending in 2011 11
2.1 Oil and Gas Spending Break up by Region, 2011 12
2.2 Oil and Gas Spending Break up by Key Countries, 2011 13
2.3 Oil and Gas Spending Break up by Sector, 2011 14
2.4 Oil and Gas Spending Break up by Company Type, 2011 15

3 Oil and Gas Capital Spending Trends in 2011 16
3.1 High Crude Oil Prices and Positive Demand Outlook Drive the 2011 Oil and Gas Spending 16
3.2 US, Brazil, Australia and Iraq to Drive the Upstream Expenditure in 2011 16
3.3 National Oil Companies in Asia Pacific Increasing their Spending 17
3.4 More than $60 Billion to be spent on Global LNG Liquefaction and Regasification Terminals in 2011 18
3.5 Driven by Middle East and Asian Markets, Global Refining Investment Will Increase by 14.2% 18

4 Oil and Gas Industry Trends and Outlook in 2011 19
4.1 Crude Oil Price Trends and Outlook, 2005-2011 19
4.2 Global GDP Growth Rate, 2009-2011 20
4.3 Global Oil and Gas Demand to Increase by 1.7% and 2.8% Respectively in 2011 20
4.4 Global LNG Supply Demand Balance to Remain Low at 12 mtpa in 2011 22
4.5 Global Oil Refining Capacity to Witness Slow Growth Rate of 3% in 2011 24
4.6 Global Offshore Oil and Gas Industry Continues to Grow 25
4.7 Chinese Oil Storage Capacity Continues to Rise with Increasing Demand 25

5 Oil and Gas Capital Spending Outlook by Sector 26
5.1 Global Upstream Capital Spending Outlook, 2005-2011 26
5.2 Global LNG Liquefaction and Regasification Capital Spending Outlook, 2005-2011 26
5.3 Global Refining Capital Spending Outlook, 2005-2011 27
5.4 Global Other Midstream and Downstream Capital Spending Outlook, 2005-2011 28

6 Oil and Gas Capital Spending Outlook by Region 29
6.1 Asia Pacific Capital Expenditure Outlook, 2005-2011 30
6.2 Europe Capital Expenditure Outlook, 2005-2011 31
6.3 Middle East Africa Capital Expenditure Outlook, 2005-2011 32
6.4 North America Capital Expenditure Outlook, 2005-2011 33
6.5 South & Central America Capital Expenditure Outlook, 2005-2011 34

7 Oil and Gas Capital Spending Outlook by Country 36
7.1 Australia Capex, 2005-2011 36
7.2 India Capex, 2005-2011 36
7.3 China Capex, 2005-2011 37
7.4 Malaysia Capex, 2005-2011 38
7.5 Russia Capex, 2005-2011 38
7.6 Norway Capex, 2005-2011 39
7.7 United Kingdom Capex, 2005-2011 39
7.8 Italy Capex, 2005-2011 40
7.9 Angola Capex, 2005-2011 40
7.10 Libya Capex, 2005-2011 41
7.11 Nigeria Capex, 2005-2011 41
7.12 Oman Capex, 2005-2011 42
7.13 Canada Capex, 2005-2011 42
7.14 Mexico Capex, 2005-2011 43
7.15 United States Capex, 2005-2011 43
7.16 Brazil Capex, 2005-2011 44
7.17 Venezuela Capex, 2005-2011 44
7.18 Colombia Capex, 2005-2011 45

8 Oil and Gas Capital Spending Outlook by Company- Peer Group Analysis 46
8.1 Super Majors Capital Spending Outlook 48
8.2 Global Integrated Companies Capital Spending Outlook 49
8.3 US Integrated Companies Capital Spending Outlook 50
8.4 State Owned Companies Capital Spending Outlook 51
8.5 Non-Integrated Companies Capital Spending Outlook 52
8.6 Capex Outlook of Key Oil and Gas Companies to 2011 53
8.6.1 Anadarko Petroleum Corporation 53
8.6.2 Apache Corporation 53
8.6.3 BG Group plc 53
8.6.4 BHP Billiton 53
8.6.5 BP Plc 53
8.6.6 Canadian Natural Resources Limited 53
8.6.7 Chevron Corporation 54
8.6.8 China Petroleum & Chemical Corporation 54
8.6.9 ConocoPhillips 54
8.6.10 Devon Energy Corporation 54
8.6.11 Dominion Resources Inc 54
8.6.12 E.ON AG 55
8.6.13 Exxon Mobil Corporation 55
8.6.14 Hess Corporation 55
8.6.15 Marathon Oil Corporation 55
8.6.16 OAO Gazprom 55
8.6.17 Petroleos Mexicanos 56
8.6.18 Petroleo Brasileiro S.A. 56
8.6.19 Saudi Aramco 56
8.6.20 Suncor Energy Inc 56

9 Major Upstream Investment Areas 57
9.1 US Gas Shale Industry 57
9.1.1 US Shale Gas Reserves and Production 57
9.1.2 Major Shale Gas Plays 58
9.2 Australia Coal Seam Gas Industry 67
9.2.1 Coal Seam Gas in Queensland 68
9.2.2 Coal Seam Gas in New South Wales 71
9.2.3 Major CSG Basins in Australia 73
9.3 Brazil Pre-Salt Discoveries 75
9.3.1 Overview 75
9.3.2 Capital Investment and Production Forecasts 77
9.3.3 Brazil’s Pre-salt Basins 79
9.4 Colombia Upstream Industry 82
9.4.1 Overview 82
9.4.2 Factors Driving Investments in Colombia 82
9.4.3 Open Round Colombia 2010 83
9.4.4 Major Basins 87
9.5 Iraq E&P Sector 90
9.5.1 Overview 90
9.5.2 Iraq Crude Oil Reserves 90
9.5.3 Iraq Licensing Rounds 92

10 Major Midstream and Downstream Investment Areas 97
10.1 Key LNG Investment Areas 97
10.1.1 LNG Export Industry 97
10.1.2 LNG Import Industry 98
10.2 Key Pipelines 98
10.3 Key Storage Investment Areas 99
10.4 Key Refining Investment Areas 101
10.4.1 Investments in Greenfield Refineries 101
10.4.2 Investments in Refinery Expansions 103

11 Appendix 104
11.1 Conversion Factors 104
11.2 Definitions 104
11.2.1 Asia Pacific 104
11.2.2 Europe 104
11.2.3 Middle East 104
11.2.4 Africa 104
11.2.5 North America 105
11.2.6 South and Central America 105
11.3 Methodology 105
11.4 Contact Us 105
11.5 Disclaimer 105

List of Table

Table 1: Global Oil and Gas Demand Outlook to 2011 21
Table 2: Global LNG Supply- Demand Balance Outlook (mtpa), 2010-2015 23
Table 3: Global Exploration and Production Capital Expenditure Outlook, $ billion, 2005-2011 26
Table 4: Global Liquefied Natural Gas (LNG) Capital Expenditure Outlook, $ billion, 2005-2011 27
Table 5: Global Refinery Capital Expenditure Outlook, $ billion, 2005-2011 27
Table 6: Global Other Midstream and Downstream Capital Expenditure Outlook, $ billion, 2005-2011 28
Table 7: Global Oil and Gas Capital Expenditure by Region, $ billion, 2005-2011 29
Table 8: Australia Oil and Gas Capital Expenditure Outlook, 2005-2011 36
Table 9: India Oil and Gas Capital Expenditure Outlook, 2005-2011 37
Table 10: China Oil and Gas Capital Expenditure Outlook, 2005-2011 37
Table 11: Malaysia Oil and Gas Capital Expenditure Outlook, 2005-2011 38
Table 12: Russia Oil and Gas Capital Expenditure Outlook, 2005-2011 38
Table 13: Norway Oil and Gas Capital Expenditure Outlook, 2005-2011 39
Table 14: United Kingdom Oil and Gas Capital Expenditure Outlook, 2005-2011 39
Table 15: Italy Oil and Gas Capital Expenditure Outlook, 2005-2011 40
Table 16: Angola Oil and Gas Capital Expenditure Outlook, 2005-2011 40
Table 17: Libya Oil and Gas Capital Expenditure Outlook, 2005-2011 41
Table 18: Nigeria Oil and Gas Capital Expenditure Outlook, 2005-2011 41
Table 19: Oman Oil and Gas Capital Expenditure Outlook, 2005-2011 42
Table 20: Canada Oil and Gas Capital Expenditure Outlook, 2005-2011 42
Table 21: Mexico Oil and Gas Capital Expenditure Outlook, 2005-2011 43
Table 22: United States Oil and Gas Capital Expenditure Outlook, 2005-2011 43
Table 23: Brazil Oil and Gas Capital Expenditure Outlook, 2005-2011 44
Table 24: Venezuela Oil and Gas Capital Expenditure Outlook, 2005-2011 44
Table 25: Colombia Oil and Gas Capital Expenditure Outlook, 2005-2011 45
Table 26: Global Oil & Gas Capital Expenditure by Type of Companies ($ Billion), 2005-2011 47
Table 27: Super Majors- Capital Expenditure Outlook ($ Billion), 2005-2011 48
Table 28: Global Integrated Companies- Capital Expenditure Outlook ($ Billion), 2005-2011 49
Table 29: US Integrated Companies- Capital Expenditure Outlook ($ Billion), 2005-2011 50
Table 30: State Owned Companies- Capital Expenditure Outlook ($ Billion), 2005-2011 51
Table 31: Non-Integrated (Independent) Companies- Capital Expenditure Outlook ($ Billion), 2005-2011 52
Table 32: US Conventional and Un-Conventional Natural Gas Production Forecast (Tcf), 2000-2015 57
Table 33: Data Comparison of Key US Shale Plays 60
Table 34: Typical CSG and Natural Gas Compositions 67
Table 35: Key statistics of Queensland CSG projects- I 69
Table 36: Key statistics of Queensland CSG projects- II 70
Table 37: Brazil Crude oil Production Forecast (Thousand barrels daily), 2000-2020 78
Table 38: Santos Basin- Discovery Details (Reserves, Water Depth, API Gravity, Ownership) 80
Table 39: Iraq, Area wise Number of Fields (#) and Reserves (Billion Barrels), 2010 91
Table 40: Iraq First Petroleum Licensing Round- Bid Results 93
Table 41: Iraq Second Petroleum Licensing Round- Bid Results 95
Table 42: Iraq Second Petroleum Licensing Round- Bid Results 96
Table 43: LNG Export projects Scheduled for Operation in 2011 97
Table 44: LNG Import projects Scheduled for Operation in 2011 98
Table 45: New Oil Refinery Projects to Start Up in 2011 101
Table 46: Oil Refinery Expansion Projects, 2011 103
Table 47: Natural Gas (NG) and Liquefied Natural Gas (LNG) Conversion Factors 104

List of Figures

Figure 1: Global Oil and Gas Expenditure,$ Billion, 2005-2011 11
Figure 2: Global Oil & Gas Capital Spending Break up by Region, 2011 12
Figure 3: Global Oil & Gas Capital Spending Break up by Countries, 2011 13
Figure 4: Global Oil & Gas Capital Spending Break up by Sector, 2011 14
Figure 5: Global Oil & Gas Capital Spending Break up by Company, 2011 15
Figure 6: Global Crude Oil Prices ($/Barrel), 2005-2011 19
Figure 7: World GDP Growth Rate (%), 2008-2011 20
Figure 8: US Dry Natural Gas Production (Tcf), 2000-2015 21
Figure 9: Global LNG Supply- Demand Balance Outlook, 2000-2015 23
Figure 10: Global Oil Refining Capacity Increase by Region (Million Barrels per Day), 2010-2011 24
Figure 11: Asia Pacific Capital Expenditure Outlook by Country, 2011 31
Figure 12: Europe Capital Expenditure Outlook by Country, 2011 32
Figure 13: Middle East Africa Capital Expenditure Outlook by Country, 2011 33
Figure 14: North America Capital Expenditure Outlook by Country, 2011 34
Figure 15: South & Central America Capital Expenditure Outlook by Country, 2011 35
Figure 16: Global Oil & Gas Capital Expenditure by Type of Companies ($ Billion), 2005-2011 47
Figure 17: Super Majors- Capital Expenditure Outlook ($ Billion), 2005-2011 48
Figure 18: Global Integrated Companies- Capital Expenditure Outlook ($ Billion), 2005-2011 49
Figure 19: US Integrated Companies- Capital Expenditure Outlook ($ Billion), 2005-2011 50
Figure 20: State Owned Companies- Capital Expenditure Outlook ($ Billion), 2005-2011 51
Figure 21: Non-Integrated (Independent) Companies- Capital Expenditure Outlook ($ Billion), 2005-2011 52
Figure 22: US Conventional and Un-Conventional Natural Gas Production Forecast (Tcf), 2000-2015 58
Figure 23: US Gas Shale Plays, Location Details, 2010 59
Figure 24: Barnett Shale Map 61
Figure 25: Woodford Shale Map 63
Figure 26: Queensland Coal Seam Gas Production by basin (PetaJoules), 1997-2009 71
Figure 27: Map of CSG Reserves in New South Wales 72
Figure 28: Pre-Salt, Salt and Post-Salt Layers in Brazil 76
Figure 29: Brazil Pre-Salt Basins (Santos, Campos, Espirito Santo) Map 77
Figure 30: Santos Basin Discoveries 79
Figure 31: Campos Basin Discoveries 81
Figure 32: Colombia Upstream Blocks Offered- Type 1 Group 84
Figure 33: Colombia Upstream Blocks Offered- Type 2 Group 85
Figure 34: Colombia Upstream Blocks Offered- Type 3 Group 86
Figure 35: Global Top Five Oil Reserve Rich Nations and Their Reserves (Billion Barrels), 2009 91