Country Reports

As the #1 trade publication and reference for the oil & gas industry worldwide, the Oil & Gas Financial Journal is the official Media Partner of EnergyBoardroom’s exclusive country reports. Spanning oil & gas industries as diverse as Norway, Scotland, South Africa or Mexico the country reports based on exclusive interviews with decision makers around the world and brings you an insider’s view on what’s hot in those markets.

Expanding on our in-depth country reports published for the “Oil & Gas Financial Journal”, EnergyBoardroom.com is filled with an international company directory, “Who’s Who” executive profiles, and exclusive interviews with leading decision-makers, who share first-hand strategic thinking and insider market information to keep you on top. Updated each day, easy-to-use, and meticulously detailed, EnergyBoardroom.com is an essential B2B reference taking industry executives to the source of where business happens.

OGFJ Country Reports

  Singapore - Despite a complete lack of hydrocarbon resources within the sovereign territory of Singapore, the city-state has been linked to the oil and gas sector for more than a century.
     
  Norway - The generation living at the time of hydrocarbon extraction is by no means the sole ‘owner' of its value, and is therefore not entitled to spend it," explains Sigbjørn Johnsen, former Minister of Finance,
     
  Russia - We will continue to pursue a policy of openness to foreign investment in energy, a strategic sector for Russia," President Putin told the International Economic Forum in 2012.
     
  Norway - Last year, Statoil CEO Helge Lund dismissed calls in the Norwegian parliament to cool down the oil sector as absurd.
     
  Denmark - Those who lead a quiet life, lead a good life." That has been the historically resounding proverb for the Danes when it comes to business - and its oil and gas industry is no exception.
     
  Norway - The second most valuable industry to the Norwegian economy after oil and gas production is the Norwegian oil service sector.
     
  Mexico - In the hands of its new steward, Mexico seems to be at the brim of a prodigious reincarnation that promises to usher in an era of wealth and a better life for Mexicans.
     
  Norway - Having spent a decade tracing the steps of the UK along the same downward-spiralling production path, Norway has now found a second wind. A spate of world-class discoveries over the last couple of years has breathed new life into Norway's oil and gas industry.
     
  Qatar - Doha in summer. The mercury is flirting with 50 degrees Celsius, and sand dunes surround tall skyscrapers. When looking at the sparse vegetation of the peninsula, one can seriously wonder if Qatar is actually located on one of the Earth's richest locations in terms of natural resources.
     
  Indonesia - For the first decade of the 21st century, the question troubling Indonesia's investors was: "Why is the country not growing as fast as the BRICS?" Yet, as Indonesia accelerated its growth to 6.37 percent in Q2 2012, and BRICS nations averaged out at 4.18 , that question has largely been muted.
     
  Mexico: The Time is Now - Pemex has been transforming itself for 74 years. It is one of the oldest oil companies in the world," says Carlos Morales Gil, the general director of the upstream subsidiary, Pemex Exploración y Producción (PEP).
     
  South Africa - When South Africa entered the prestigious club of BRICS countries in 2011, the country designated the oil and gas industry as a priority sector for economic growth. "I think we have overcome the hurdle of recognizing the importance of the sector, and are now going into the details of the investments that need to take place, as well as the support programs that we need to put in place," said Rob Davies, minister of trade and industry.
  China - In March of this year, China's Ministry of Land and Resources announced that China likely has the largest reserves of shale gas in the world, estimated at 886 trillion cubic feet (TCF). The authorities had by then already trumpeted their ambitions of commercializing shale by 2015.
     
  Russia - In September 2011 Russia attracted global headlines following the signing of a historic deal between ExxonMobil and Rosneft for exploration of the Kara Sea on Russia’s Arctic shelf. The deal marked the latest stage in the march of Russia's oil and gas industry away from its legacy assets and towards challenging new frontiers of production demanding new partners and new capabilities.
     
  Mexico: Time for action! - It is home to the world’s second largest non-public company by market value, with assets totaling U$ 417.75 billion; it has been the US’ second or third biggest oil provider in the last three years with imports of more than 1 million bbl/d; as of 2010, it ranked seventh among world oil producers, ahead of Norway, the United Kingdom, Venezuela, Iraq, and Brazil;
     
  India Part 2 - In its search to solve the question of India’s energy security, the Indian state government has been pushing to promote exploration activities in the country, and efforts of both public and private sector enterprises have recently been concentrating on the offshore exploration.
     
  Peru - As a country surrounded by mysteries and enigmas; dotted with kilometers-wide geoglyphs only seen from the sky; with dozens of deserts and the lush Amazon; from the depths of the Pacific Ocean to the Andes' 6000m heights – Peru's luring mystique is undeniable.
     
  India - India's economic growth is widely praised, and with a GDP of $4.046 trillion USD in 2010 and a GDP growth rate of 8.3% last year, it is clear why the country is making the headlines in the most positive of lights.
     
  Singapore - Given the 24 percent trade growth between Houston and Singapore in 2009, and Singapore’s ambition to diversify it’s economy, it should come to no surprise that Singapore Prime Minister Lee Hsien Loong aims to attract more foreign investments to the Lion city. What might be more surprising is the fact that the island country of less than 275 square miles in surface is specifically looking to attract investors in the energy business, despite having zero natural reserves of oil and gas.
     
  Austrailia Part 2 - In any continental sized country there exists room for several mega-industrial regions. Not to be outdone by surging offshore activity in Western Australia, the eastern seaboard states of Queensland, New South Wales, and Victoria are developing their own prized assets at a frenetic pace. Onshore coal seam gas (CSG) deposits estimated at 250 trillion cubic feet have the industry abuzz.
     
  Australia - The best view overlooking the energy world these days is from the land down under. A long time mining giant, the growth of Australia's petroleum industry is now adding a preponderant dimension to its international energy standing.
     
  Brazil Part 1 - As part of the team planning and designing the evaluation and production development phases of one of the world's most outstanding exploration frontiers, Jose Formigli, executive manager of Petrobras E&P Pre-salt, considers himself fortunate. Petrobras will invest $30.9 billion in pre-salt up to 2014.
     
  Russia – The real face of Russia is a difficult concept for those unfamiliar with the country: an energy superpower grappling with the challenge of redefining itself for the 21st century.
     
  Malaysia - When Malaysia's Prime Minster Najib Tun Razak unveiled its highly anticipated New Economic Model (NEM) in March 2010, he re-emphasized the importance of the oil & gas industry for Malaysia - deeper and further afield.
     
  The Netherlands - For centuries, the industrious Dutch have made their fortune from a passionate relationship with the sea. This tiny country in the north west of Europe, squeezed between the North Sea and, at times, expansionist neighbors, has forged its national identity over a strong maritime vocation. The Dutch have sailed the world as conquerors and merchants, reclaimed at least a quarter of their land from the sea, which they protect with man-made barriers, and, more recently, successfully exploited the oil and gas riches under their waters.
     
  Norway Part 1 - At 40 years old, it would be some what premature to say Norway's oil and gas industry is going through a midlife crisis. However, despite a lack of sports cars or young blondes - genetic predispositions notwithstanding - the warning signs are clear for quite literally a sectoral sea change.
     
  Norway Part 2 - At the dawn of its fifth decade, Norway's oil and gas industry could easily be mistaken for quietly entering its golden years. Following the path of North Sea neighbors in the UK, and with no elephant discoveries found since the 1990's, declining oil and gas production is a trend predicted to persist.
     
  Aberdeen Part 1 - A global center of excellence for oil and gas.  Life after forty: a second wind for the UKCS? The discovery of significant oil deposits in the North Sea during the 1960s and 1970s marked the beginning of a new era and definitive turning point in the modern history of Aberdeen.
     
  Aberdeen Part 2 - A global center of excellence for oil and gas. Life after forty: a second wind for the UKCS? In the midst of global economic turmoil, Aberdeen's oil and gas industry seems to be insulated from the rest of the UK, if not the world.
     
  Indonesia Part 1 - Shaping a Competitive Indonesia: Once a net exporter of petroleum, Asia's only OPEC member seeks to increase production and to diversify its energy sector by generating power from other energy sources such as biofuels and geothermal.
     
  Indonesia Part 2 - Continuing "Shaping a Competitive Indonesia: The prime importance of building a sustainable O&G sector," this second of a two-part special report examines three key industry developments.
     
  Mexico Part 1 - New times, new opportunities. Pre-Columbian heritage, religion, cuisine and music aren't the only cornerstones of Mexican history and tradition. Mexico's oil patrimony has played a critical role in shaping the country's national identity and economic progress.
     
  Mexico Part 2 - New times, new opportunities. Towards the end of the Cretaceous, 65 million years ago, the huge Chicxulub meteor impacted the earth on the Yucatan Peninsula, believed to be the origin for creating the Cantarell oil field.
     
  Mexico Part 3 - New times, new opportunities. Since March 18, 1938, the day that President Cardenas declared the nationalization of Mexican petroleum and the exploration of the foreign oil companies operating in Mexico, the country's politics have been deeply intertwined with the oil and gas industry.
     
  Mexico Part 4 - New times, new opportunities. Within a month after Hurricane Dean paralyzed oil activities in the Bay of Campache, which cost PEMEX up to US$1.5 billion in lost production, the Mexican Congress and Senate approved a long awaited fiscal reform package aimed at reviving the financial muscle of Mexico's national oil company.
     
  Mexico Part 5 - New times, new opportunities. Ciudad del Carmen in the early 1980's became the capital of the Mexican offshore industry followed by the discovery of the Cantarell field. Today, it serves as a perfect market-sentiment barometer for the Mexican offshore industry.
     
  Mexico Part 6 - New times, new opportunities. Having benefited from PEMEX's investment boom over the past decade, numerous Mexican service providers have gained the expertise and level technological advancement that enables them to venture beyond the limits of their domestic market.