With the advent of the shale era and the price volatility of the past few years, investors appear to be losing faith in an industry facing short- and long-term challenges. The challenge of the industry, requiring a high level of investments, appears to be on a collision course with investors looking for stronger capital discipline and higher shareholders return. This panel of shareholders will discuss the challenges ahead in investing in oil and gas.
With shareholders increasingly focused on returns, how is the US shale sector adapting to this financing constraint, and what are the structural impact of this shift on growth, competition, private financing and business specialization? How has this impacted international financial stakeholders and their investments in global E&P?