0
 

Stranded oil assets a pressing issue for hydrocarbons producers


Issue 414 - 01 May 2020
Under immense pressure from the global spread of Covid-19 and plunging oil demand, governments and IOCs must once again fine-tune their strategies to meet hostile market conditions. This may mean not only delaying upstream projects but cancelling them altogether as, in the longer term, global markets shift out of carbon dependency.In the short term, efforts to revive the so-called Opec+ cooperation between Opec and non-Opec crude exporters should help to reverse the price slump, but the deal seems unlikely to raise prices to levels envisaged in producer governments’ 2020 budget forecasts.

Want to read more?

Subscribe to African Energy

View subscription options

This article is available to registered users

Login

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register

Need help?

A member of our team will be pleased to assist you

Sales – Alex Wark

Support – Tara Mulvey

Tel: +44 (0)1424 721667