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Iranian upstream oil & gas industry

Can Iran achieve its full potential?

The global oil & gas market has begun to rebalance in the first half of 2017 following a period of suppressed prices that has stalled the US shale revolution and prompted OPEC1 intervention, with an agreement to take 1.2 mmbbl/d off the market. Despite this rebalancing, it is likely...
Oil & gas

Funding lower-priority clinical trials

Exploring a new mechanism to fund the timely execution of deprioritized trials

Introduction: Some biopharma companies have built pipelines that offer more development opportunities than their resources allow them to pursue. Promising clinical trials may be moved down the priority list and their execution delayed – resulting in decline of asset value against a fixed...
Oil & gas

Unconventional hydrocarbons in Latin America

From dreams to reality

Production of unconventional hydrocarbons became globally prominent in 2010, when the US, for the first time, reached a daily output of 1 million barrels of tight oil. In Latin America, where high unconventional hydrocarbon potential has been widely recognized, Governments noticed the...
Oil & gas, Utilities & alternative energy

What is next for petroleum downstream?

New business models are critical in a sector in which the supply of energy for mobility is changing

Petroleum downstream has been adapting to increasing competition and challenging regulations, and is suffering from lower returns than the upstream segment. Industry challenges will intensify, and new energy sources for mobility will impact the entire fuel value chain. Downstream players...
Oil & gas

Dispute Resolution Support Services

Contractual, commercial and technical expertise in the global energy industry

Dispute Resolution Support Services at Arthur D. LittleThe senior members of our Dispute Resolution Support team have worked on the commercial and technical aspects of the global energy industry since the 1970s. They have personal experience of negotiating Production Sharing Agreements, LNG &...
Oil & gas, Utilities & alternative energy

The NOC Technology & Innovation Management Challenge

Improving performance in technology management

National Oil Companies (NOCs) are spending more and more on R&D. But this has not yet had much of an impact. With the oil price currently well below the break-even point of their nations’ budgets, they are still behind Independent Oil Companies (IOCs) in terms of R&D effectiveness. IOCs...
Oil & gas, Technology & innovation management

Confronting Core Market Decline

Portfolio diversification in the industrial services sector

Portfolio-led diversification can create a wealth of new growth opportunities for industrial service providers, but also presents new challenges. In this article, we highlight some critical success factors for the effective transition to a portfolio service offering in the context of changing...
Industrial goods & services, Oil & gas

Alternative paths for large IOCs

Low oil prices may drive pervasive structural changes in upstream oil and gas

It is clear that with the postponement of many capital projects the IOCs have an increasing reserves replacement and dividends/free-cash flow challenge. The increasing strength of many National Oil Companies also presents them a growing strategic dilemma to these IOCs. What are potential future...
Oil & gas

Unlocking global LNG market value

Market changes require portfolio transformation

Global gas price convergence, predicted last year to take more than a decade to develop, is expected instead to arrive this year, as a direct result of the increase in short-term LNG trading, the relative over-supply of gas and the drop in oil price indexes.  One single global gas market is...
Oil & gas

Can Group 1 base oil come back?

The impact of the lower crude prices on the global base oil markets

The global economy is benefiting from declining oil prices due to the higher economic multiplier in the typically poorer oil importing countries. Consequently, base oil consumption in the transportation sector, as an example, will increase through both growing purchasing power (new and second-hand...
Oil & gas