Business Outlook 2019
Contents
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1. Foreword
5 6 8 9
2. Key Performance Indicators
3. Business Environment
3.1 3.2 3.3 3.4
Oil Market Gas Market
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11 12
EU ETS Carbon Market
The Continued Importance of Oil and Gas in a Lower-Carbon Economy
13 15 18 19 22 31 39 40 40 44
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3.5
Mergers and Acquisitions
4. Exploration and Production Outlook
4.1 4.2 4.3 5.1 5.2 5.3 5.4
Production
Drilling Activity E&P Expenditure
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5. Supply Chain Outlook
Supply Chain Sentiment Financial Performance Share Price Performance Realising New Opportunities for Supply Chain Companies
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45 46
5.5
Employment Trends
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Oil & Gas UK's vision is to ensure the UK Continental Shelf becomes the most attractive mature oil and gas province in the world with which to do business.
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Read all our industry reports at www.oilandgasuk.co.uk/publications
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