Funding Future Oil & Gas Supply: Preemptive underinvestment?
Finance & Investment/Trading & Risk Management/ESG
Oil & gas’ decades-long easy access to willing capital has been tightening over the past five years, constricting dramatically in 2021. Given this strong narrative and increasing pressures, what is the outlook for financing oil and gas investments? Will there be a supply shortfall, leading to an extended super-cycle? What does that future look like and who are winners and losers? What is the relative role of the COVID price whipsaw? What future demand concerns may arise? Are higher capital costs expected? How will diversion of capital to clean tech affect shareholder returns? Do high prices play into the willingness of financiers to invest? What regions and assets are competitively advantaged? Will low-cost exploitation and private capital fill any emerging gaps?