Industry: Oil & Gas

In the April 2021 edition of the ADI newsletter, we explored how ESG pressures are reshaping the refining sector, as companies respond to growing investor and stakeholder demands. We also examined the complex challenge of decarbonizing the chemical industry and highlighted emerging strategies. Our primer on CCUS reviewed ExxonMobil’s major Gulf Coast project proposal. Finally, […]

LNG exports have grown rapidly due to the surplus of cheap natural gas, coal-to-gas switching, and decarbonization incentives. While the potential of LNG is promising, its outlook is uncertain as its value proposition of low emissions is increasingly being challenged.

Decarbonizing the steel industry is challenging but hydrogen can help.

Global crude oil prices have declined due to increased US shale production and doubts about OPEC’s commitment, while US ethane demand is set to rise significantly with new crackers and exports. This divergence suggests weaker crude oil prices but stronger ethane prices in the near future.

In the March 2021 edition of the ADI newsletter, we explored critical developments in the global energy transition. Carbon-neutral LNG continued to grow, fueled by natural gas surpluses and decarbonization incentives, though its emissions claims face growing scrutiny. EV infrastructure emerged as a cornerstone of transport electrification, enabling rapid sectoral shifts. We also highlighted ADI’s […]

In the February 2021 edition of the ADI newsletter, we highlighted ADI’s recent collaboration with the U.S. Department of Energy on small-scale LNG opportunities in Europe. We also explored how ESG trends are reshaping industrial portfolios, and reviewed insights on the growing reliance of U.S. refiners on export markets. Updates were shared from ADI’s Downstream […]

In 2020, the energy transition thrived amid a difficult energy landscape due to heightened demand, policy support, technological progress, and diversification by incumbents.

The great midstream buildout seems to be over, at least for now. In 2020, midstream operators delayed and canceled projects in efforts to slash capital spending due to the uncertainty of Covid-19. Operators also worried about E&Ps, many of whom were facing the prospects of bankruptcy, and renegotiated existing agreements to ensure their survival as […]

The COVID-19 pandemic in 2020 forced the oil and gas upstream sector into a survival mode characterized by drastic CAPEX reductions, postponed deals, and widespread renegotiations due to plummeting crude oil prices and demand.

LNG has in recent years transformed into an exciting fuel market. Decarbonization efforts and policies, low costs, and regulatory pressure to lower toxic gas emissions have driven demand for LNG. Global LNG demand and capacity have grown at 5.1% and 5.8% per year, respectively, in the past decade. The U.S. has emerged as a major […]

The COVID-19 pandemic severely impacted the global refining sector, causing dramatic fuel demand cuts, especially in transportation, which led to oversupply and plummeting margins. In response, refiners worldwide reduced utilization and altered product yields. They also slashed capital spending, deferred projects, and even shut down or converted facilities. While global fuel demand remains subdued with […]

In the January 2021 edition of the ADI newsletter, we explored key developments shaping global energy markets. Highlights included an outlook on the energy transition’s momentum in 2021, a detailed review of North American refining trends and forecasts from ADI’s Downstream Market Advisory, and insights from a new study on the potential of small-scale LNG […]