Market Update: Oil & Gas | KPMG | MK

Market Update: Oil & Gas

Market Update: Oil & Gas

Monthly report focusing on the trends and price volatility facing the O&G sector and how the global market reacts.

Monthly report focusing on the trends and price volatility facing the O&G sector.

Oil & gas markets: monthly roundup – August 2016

A closer look at the most recent oil rally and if it is sustainable or speculation driven.

 

"Both oil and gas majors and suppliers are de-risking their portfolio to get into new market segments. This is driven by their financial partners asking for more assurance on investments..."  – Ramanathan V, Manager in Oil & Gas, KPMG the Netherlands

"Within the last two years, Asian investors have been a strong interest in Canadian oil and gas assets; some looking to enter, others aiming to extending their footprint in the country with the third largest oil reserves in the world. Furthermore, with news permeating that large oil companies are on the cusp of shedding assets..." – Oliver Hsieh, Associate Director, Commodity & Energy Risk Management, KPMG in Singapore

"We can also expect considerable traction in the development of the pipeline from Hoima to Tanga in Tanzania in the latter half of this year. Negotiations are underway..." – Ben Ndung’u, Head of Energy and Natural Resources, KPMG East Africa

"The Government of Tanzania will likely comment an Environmental Impact assessment for the planned LNG plant site at end of August..." – Alex Njombe, Director, KPMG East Africa

 

 

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