Oil and Gas reality check 2012
This is the third year Deloitte Touche Tohmatsu Limited's Global Energy & Resources' Oil & Gas group has published its annual Oil & Gas reality check for the year ahead.
2011 gave us all reasons to pause and think. From political uprising, unstable financial markets and the Japanese nuclear disaster, to the abundance of natural gas, rethinking of the nuclear emergence, and the rise of the consuming national oil companies (NOCs), 2011 was full of surprises. The speed of which the past year's events unfolded and the impact they had could hardly be predicted nor mitigated.
In this document we explore the trends created by the events of the passing year and the impact they may have in the upcoming year. Amongest these are the conventional and unconventional natural gas revolution, the ultra-deep exploration, the globalization of the consuming NOCs, and the economic realities that a growing array of energy independent countries will face.