Our group plays a leading role in the global oil and gas consulting business with a unique focus on the East of Suez market and an extended coverage of issues in Europe, North America, and elsewhere.
– Dr. Kang Wu, Senior Advisor, FGE - Singapore and Hawaii
FGE delivers their expertise within the Oil and Natural
Gas markets through the following channels:
Retainer Services
Multi-Client Studies
Private Studies
Briefings and Events
Internships and Training
Regional Insights and Knowledge:
Flagship East of Suez Oil and Gas
Middle East Oil and Gas
Middle East and North Africa
Iran Oil and Gas
China Oil and Gas
Short-Term Global Oil Service
Long-Term Global Oil Service
Retainer Services
FGE's retainer services are the flagship offering for our organization. We maintain a commitment to provide independent advice of the highest caliber, based on our own, detailed, in-house research in an integrated framework across industries and regions. This research underpins our analysis and forecasts and is delivered in the manner best suited to the clients' particular needs. The regular coverage can be classified under the following services:
FGE has online services available for all the product lines described below. FGE Online is the web portal customized for FGE retainer clients. It delivers all FGE reports, analysis, data and presentations to which you are entitled under your contract.
In addition, FGE – ODS (FGE Online Database Service) is a dynamic, easy-to-use portal designed to give access to our comprehensive data-bases, analysis and forecasts. FGE – ODS is designed so that you can easily access, analyze and chart multi-dimensional files, saving or downloading the customized results without special training or client-side software. FGE – ODS will be available soon, contact us for more information and a subscription.
FGE's Long Term Global OIl Service provides a comprehensive synthesis of crude and product supply and demand outlooks, based on rigorous analysis of fundamentals with insights of country and company dynamics.
Understanding Global Oil Market Dynamics
FGE has restructured and enhanced its coverage of the mid/long term global oil market. This now comprises an interlinked suite of reports covering the mid-longer term forming an integrated, comprehensive series of research studies mapping out the likely developments in regional and global oil demand & supply, refining utilization and profitability as well as the implications for both crude oil and products trade.
The suite of reports covers:
Oil Demand and the Global Oil Price
The World Refining Outlook
Oil Production and Regional Crude Oil Trade
Regional Oil Products Balances and Products Trade
Interactive Sessions
A key part of FGE's new Long-Term Oil Market Service, is the interactive support, integral to each of the individual reports.
Each of the reports is accompanied by one half-day presentation which is orientated towards a client's particular requirements which could include a focussing on the conclusions towards a partuclar sector of the business, providing tailor-made sensitivities or scenarios and including more detailed assessments of specific aspects of the study"s coverage. Also included in the study support is access to the detailed data in spreadsheet form and a PowerPoint presentation of the associated charts.
This meeting/presentation could take place at FGE's London or Singapore offices at no charge, or alternatively at the client's office, which if outside London or Singapore would incur travel costs which would be charged to the client.
The option for a remote access meeting via WebEx or similar is also possible.
Global Oil Market Outlook
This report presents the detailed demand-side projections, a summary of the global oil supply outlook and the implications for the crude oil price trend through 2030.
Main aims:
Quantify the key oil demand drivers and present a detailed country/regional projection of consumption through 2030.
Summarise FGE's projections of global oil supplies over the long term.
Focus on sensitivities around the Base Case, indetifying and assessing the impact of key factors which would affect the outlook.
Projections set against the backdrop of GDP and the primary energy fuels mix.
World Refining Outlook
This report has been published annually for over ten years from our London office (EMC). It has established itself as an industry standard in assessing the regional outlook for oil refining products price differentials, margins and products balances. Over the last few years it has been at the forefront of recognising and predicting the extent of capacity closures required in the international refining business.
The research is based on FGE's own detailed refining database which lists existing and new refinery plants and configurations, and projects future capacity developments on the basis of judgemental assessments. Based on the detailed oil demand forecasts contained in the Crude Oil Supply and Internatioal Trade Outlook (see below) whilst also providing input for this report's assessment of future crude oil trade flows. Similarly, the regional products balances projected in the World Refining Outlook generate the starting point for the detailed products trade forecasts which form the basis of the Global Oil Products Trad Outlook (see below).
Crude Oil Supply and International Trade Outlook
This report's objective is to provide a solid, numerically-based understanding of how the future regional supply and demand dynamics of crude oil are likely to evolve and what the market/industry implications would be.
Contents:
Provide country-by-country forecasts of crude oil and NGLs production by country and an assessment of OPEC capacity, through 2020.
Detail NGL production and provide crude oil quality breakdowns.
Global Oil Products Trade Outlook
This represents the parallel downstream equivalent to the crude oil trade outlook, providing a detailed assessment of the complex evolution of regional products trade through 2020. The undelying analysis and regional forecasts would be consistent with the other reports in the Long Term Service coverage, with the starting point being the regional products balances projections contained within the World Refining Outlook.
Contents:
Four main products: naphtha, gasoline, gas/diesel oil, residual fuel oil.
Identify the main drivers for the changing volumes and directions of products trade flows.
Quality differentiation of each product would be addressed, where applicable.
Present trade matrix forecasts covering seven refining regions with conclusions for trade activities, storage and shipping.
If you are interested in receiving additional information on this service or any of the reports, please contact us.
FGE’s Short-Term Global Oil Service provides up-to-date analysis of the events and key data affecting oil markets, with consistent forecasts of future trends. Delivered via weekly and monthly briefs, the service covers crude and product prices, regional refining margins, supply/demand data, and industry developments. Our methodology builds on a strong focus on supply/demand fundamentals providing a forward-looking market analysis and insightful commentary on events influencing the market.
Key Features:
Weekly review of key fundamental developments influencing the oil market during the coming week.
Weekly review highlighting key developments in international crude oil and products prices and refining margins, with implications for current market drivers.
Bi-monthly reports analyzing and forecasting key drivers in crude/product markets, with particular focus on the next three months.
More focused, regional coverage options (i.e., Europe and former Soviet Union).
3-Month Trial
If you are interested in a 3-month Trial of the Short-Term Global Oil Services please contact us.
FGE’s East of Suez Oil Service is our longest running service line and has provided key insights and analysis of the oil market in the Middle East and Asia-Pacific regions for more than thirty years. Our relationships with the key players in the regions, coupled with our proprietary forecasting tools and databases, allows us to provide our clients with timely written reports and analysis, which go well beyond what can be found in traditional publications. In addition to these reports and data, clients are entitled to one-on-one consultation via telephone, email, or conference call.
Key Features:
Reports and insights on key issues facing the East of Suez oil market.
A monthly update on the Asian petroleum market with the aim of highlighting key market developments and providing clients with the timely, detailed data that is critical for tracking near-term market developments.
Four oil databooks, which are issued twice a year. These four databooks detail oil price, crude demand and supply, refining, and product balances in the East of Suez market, with projections to 2030.
Annual visit by senior staff to discuss market developments/projections and present findings of recent analysis.
If you are interested in receiving a sample report from our East of Suez Service, please contact us.
FGE’s East of Suez Gas Service provides key insights and analysis of gas markets in the Middle East and Asia-Pacific regions. Our relationships with key players in the regions, coupled with our proprietary forecasting tools and databases, allows us to provide our clients with timely written reports and analysis, which go well beyond what can be found in traditional publications. In addition to these reports and data, clients are entitled to one-on-one consultation via telephone, email, or conference call.
Key Features:
Reports and insights on key issues facing the East of Suez natural gas market.
A monthly update on the Asian LNG market where the aim of this update is to highlight key market developments and to provide clients with the timely, detailed data that is critical for tracking near-term market developments.
Gas databook, issued once a year. The databook details natural gas demand and supply by sector for each country in the East of Suez market, with projections to 2030.
Annual visit by senior staff to discuss market developments/projections and present findings of recent analysis.
If you are interested in receiving a sample report from our East of Suez Gas Service, please contact us.
FGE’s East of Suez Oil & Gas Service provides key insights and analysis of the oil and natural gas markets in the Middle East and Asia-Pacific regions. Our relationships with key players in the regions coupled with our proprietary forecasting tools and databases allows us to provide our clients with timely written reports and analysis that go well beyond what can be found in traditional publications. In addition to these reports and data, clients are entitled to one-on-one consultation via telephone, email, or conference call.
Key Features:
Reports and insights on key issues facing the East of Suez oil and gas markets.
A monthly update on the Asian petroleum market with the aim of highlighting key market developments and to provide clients with the timely, detailed data that is critical for tracking near-term market developments.
A monthly update on the Asian LNG market whereas the aim of this update is to highlight key market developments and to provide clients with the timely, detailed data that is critical for tracking near-term market developments.
Oil databooks which are issued twice a year. These four databooks detail oil price, crude demand and supply, refining, and product balances in the East of Suez market, with projections to 2030.
Gas databook, issued once a year. The databook details natural gas demand and supply by sector for each country in the East of Suez market, with projections to 2030.
Annual visit by senior staff to discuss market developments/projections and present findings of recent analysis.
If you are interested in receiving a sample report from our East of Suez Oil and Gas Service, please contact us.
FGE’s Middle East Oil & Gas Service takes a fundamentals and statistics driven approach to provide data and analysis on crude oil, refined products, and natural gas markets for key Middle East countries, plus personalized one-on-one interaction. It is uniquely designed for oil and gas players who desire to be quantitatively and qualitatively informed of the latest developments in the Middle East oil and gas sector.
Key Features:
Reports and insights on key issues facing the Middle East oil and natural gas markets.
Monthly Oil Report providing country-by-country data, analysis and forecasts for crude oil and petroleum products for key Middle East countries of Bahrain, Iran, Kuwait, Saudi Arabia, Oman, Qatar, and the UAE.
Monthly Gas Report providing the latest available monthly data, analysis, and insights on the regional gas industry covering both the upstream and downstream.
Middle East North African Annual Gas Report providing an annual review and comprehensive analysis of the regional gas industry with supply and demand projections as well as information on the upstream and infrastructure.
Two databooks on the regional oil and LPG markets, which are issued twice a year.
Annual visit by senior staff to discuss market developments/projections and present findings of recent analysis.
If you are interested in receiving a sample report from our Middle East Oil and Gas Service please contact us.
FGE’s Middle East & North Africa Gas Service reviews invaluable data and provides critical gas industry insights for 15 countries in the region including Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Libya, Oman, Qatar, Saudi Arabia, Syria, the UAE, and Yemen.
Key Features:
Reports and insights on key issues facing the Middle East and North African gas markets.
Monthly Gas Report providing the latest available monthly data, analysis, and insights on the regional gas industry covering both the upstream and downstream.
Middle East North African Annual Gas Report providing an annual review and comprehensive analysis of the regional gas industry with supply and demand projections as well as information on the upstream and infrastructure.
Annual visit by senior staff to discuss market developments/projections and present findings of recent analysis.
Middle East Gas Monthly Report
The Middle East Gas Monthly distinguishes itself through its comprehensive and authoritative coverage of LNG, LPG and pipeline gas - from up to date project and transaction information and insights - to prices and detailed trade data on a country by country basis. This new regional product also compliments our Global Monthly suite of services which include Middle East Oil, China Oil and Gas, Asia Pacific Oil and Gas, as well as Latin America and Caribbean Oil.
If you are interested in receiving a sample report from our Middle East & North Africa Gas Service please contact us.
FGE’s Iran Oil & Gas Service takes a fundamentals-driven approach, continually updating clients via a range of reports and data-sets. This service provides previously unavailable forecasts, unique insights and data as well as personalized one-on-one interaction for the most accurate and comprehensive analyses of the Iranian Oil and Gas markets. It is uniquely designed for oil and gas players who desire to know more about this emerging country.
Key Features:
Reports and insights on key issues facing the Iranian oil and gas markets.
Iran Oil & Gas Monthly Report providing the latest available monthly data, news, analysis and insights on Iran’s oil and gas industry both upstream and downstream.
Iran Oil & Gas Annual Report providing a review and comprehensive analysis of the political and economic prospects in Iran as well as detailed data and projections on the Iranian oil and gas sectors.
Annual visit by senior staff to discuss market developments/projections and present findings of recent analysis.
If you are interested in receiving a sample report from our Iran Oil and Gas Service please contact us.
FGE’s China Oil & Gas Service is provided by the China Team and builds upon decades of research, consulting, and professional networking we have accumulated. China is currently the world’s largest energy consumer, and second largest economy (based on purchasing power parity) oil user, and oil importer. Our service covers all major aspects of oil, gas, and other energy sector developments and markets in China, and focuses on issues such as oil demand, supply, trade, product balances, market dynamics, refining business, petrochemical expansions, and petroleum infrastructure in China, as well as natural gas sector developments, market evolutions, pricing issues, LNG imports, pipeline and distribution networks, and other key topics.
Key Features:
Advisories and insights on key topics and hot issues concerning the Chinese oil and gas markets.
China Oil & Gas Monthly providing an up-to-date monthly data, news, analysis, insights, and short-term forecasts on China’s oil, gas, coal, and power industries and markets, as well as the current state of the economy.
China Oil Annual Report reviewing the oil sector and market developments of the past year with near-term forecasts, and includes topics such as upstream, downstream, oil market, trade, pricing, energy security, overseas investment, and foreign investment in China.
China Natural Gas Annual Report focusing on the natural gas sector and market dynamics; covering upstream developments, pipelines, sectoral demand, LNG imports, LNG terminal buildup, pipeline gas imports, regulatory framework, pricing, and other issues.
Annual visit by senior China Team members to discuss market developments/projections and present findings of recent analysis.
China's Oil & Gas Monthly Report
China Oil & Gas Monthly (OGM) is a monthly report on the latest oil, gas, and other energy sector developments in China. It was first released in May 2005 and we have since published over 75 issues. FGE's China OGM provides:
Up-to-date data, inside information, and current analysis of major policy, industrial, and market issues for China's oil and gas sector developments.
An analysis of economic developments and the latest developments in coal, power, and other energy sectors.
Scope of Coverage:
Part I: Monthly analysis of oil, gas and other energy developments
Part II: Outline of our views on what is likely to happen in the Chinese energy market in the coming months and quarters as well as the year as a whole.
Part III: A collection of monthly data for crude oil, petroleum products, natural gas, and selected energy forms for a span of 12 months, with cummulative data for the year.
If you are interested in receiving a sample report from our China Oil and Gas Service please contact us.
FGE is delighted to announce the addition of the weekly market report LPG Confidential. This work enhances and compliments our current array of product reports on oil and gas by providing insights on the most important of gas liquids - LPG. The format is such that each week, the focus is on one or more key issues of the LPG trading market as well as a longer themed feature.
The LPG Confidential service is split into two sections:
LPG Forecast Outline
Ten Service
LPG Forecast Outline
The international LPG market is changing. The old view of the Middle East LPG surplus overwhelming international markets has not materialized; nor is it likely to. Instead, new LPG supplies ar ecoming from elsewhere, in particular from the US thanks to the shale gas revolution.
Areas covered include:
Global LPG Outlook 2010-2020
LPG Trade East
LPG Trade West
LPG Pricing Developments
LPG Forecast
Ten Service Brochure
For more information on our LPG Confidential Report, or to subscribe to our free trial subscription, please contact us at [email protected]
Multi Client Studies
FGE has a long history of delivering the highest-quality focused and insight-driven multi-client studies. Our multi-client studies deliver in-depth primary research that is focused on major industry trends and hot topics in the global oil and natural gas markets. Each study is led by a team of subject matter and research experts and generally involves a combination of primary research, forecasting, and analysis, that is designed to deliver actionable insight into the topics which they cover. Based on lengthy periods of field research, our multi-client studies are generally regarded amongst our clients as being the most comprehensive pieces of research available on difficult-to-find oil and gas related topics available.
Below you will find our most recently released Multi-Client Studies.
We are pleased to announce that our latest Annual World Refining Outlook is now available.
The refining business has suffered another turbulent year with 2 mmb/d of actual or pending closures announced and a swathe of asset disposals, which have highlighted the extent to which this downturn is not only shifting the sector's international centre of gravity but also restructuring ownership in the mature markets.
This year's study not only covers our traditional, rigorous assessments of the future operating environment facing refiners, but also tries to make sense of the changing location and ownership patterns, and their impact on regional products balances.
Key issues addressed in this years' report include:
How long is the US likely to remain a major products exporter;
Are we near the end of European capacity closures or are there more to come;
How will the delays to new Middle East plants affect the pressure on products trade flows;
How long is Latin Americas shortfall likely to help keep US refiners afloat;
Will China emerge as a significant products exporter;
What is the likely impact of the unexpected growth in US shale liquids.
This years' report extends the forecast period for individual years through 2020 and projects oil demand, refining capacity, runs and output for 12 regions as well as products prices and margins.
If you are interested in ordering our upcoming Annual World Refining Outlook, or would like further information on this study, please contact us at [email protected]
FGE is pleased to announce our upcoming Multi-Client Study, Crude Oil Supply and International Trade Outlook.
This report provides detailed demand/supply forecasts and trade flows for 2010-2020, by region and quality. Given the magnitude of new developments in both the U.S.A and Canada, and the impact on global trade flows, these countries are analyzed individually. The impact on backed-out imports by quality, and resulting change in other inter-regional flows is analyzed and discussed in detail.
Key Features and Scope of our Study
Detailed projections of crude oil/NGL production by country.
Quality change issues - sulphur and gravity.
The evolving demand side - refinery capacity expansions & closures.
The conundrum of surplus light crudes in the West vs. incremental heavy crude demand in the East.
How shale liquids are transforming the US crude oil balance and the international ramifications.
Implications for trade flows and price differentials.
Key Reading For
National Oil Companies and Governments
Oil Majors, Producers
Refiners
Crude and Product Traders and Energy Investors
Storage Operators
Shippers/Brokers
Market/Commercial Analysts
Consultants
Research Managers
Investment Bankers
Commercial Managers
Petroleum Economists and Planners
If you would like to order a copy, or would like more information about its coverage, please get in touch at [email protected]
A New Era Natural Gas in China Toward 2030: From Self-Sufficiency to Import Dependence, is now a 500 page study with over 18 chapters, as it analyzes every aspect concerning the natural gas sector developments, markets, and imports to China. It covers and examines all the intricacies and peculiarities of China's gas market with province-by-province analysis whilst evaluating China's rising gas supply and demand, as well as LNG and piped gas imports towards 2030 in three scenarios.
Specific issues covered in this Study include:
The important role of natural gas in China’s primary energy consumption.
The underlying political context of Chinese energy policy and how it impacts the natural gas market in China.
Growth potential and investment opportunities in China’s upstream natural gas production.
Increasing consumption, price liberalization, and the future evolution of the market.
Investment and infrastructure requirements to accommodate future demand growth.
China’s increasing appetite for LNG and its implications for the regional and global LNG markets.
Detailed information on the Chinese long term LNG contracts and the Chinese NOCs' strategies on LNG procurement
The reality behind the complexity of China’s pipeline import options.
The significant role of non-conventional natural gas supply for China’s future.
The provincial and regional dynamics resulting from the mismatch between domestic supply and demand.
Please note: The study, "China's New Era in Natural Gas," is available in PDF format. FGE clients are entitled to a 15% discount.
The Race to the Top - China's Downstream oil Sector and Market Paths to 2030 in the Global Context, is a 680 page comprehensive study covering all the important aspects of Chinese oil market, spread over 18 chapters, examining the rapid Chinese petroleum demand growth and refining expansion. The study covers all the intricacies and peculiarities of China's oil market with province-by-province analysis. It also evaluates China's rising global impact and how the Chinese oil market is likely to evolve towards 2030.
Specific issues covered in the Study include:
The continuance of oil as an indispensable source of energy in China.
The dominance of national oil companies (NOCs) in China’s Oil Industry.
China’s strategy and investments overseas given stagnant domestic production.
The impact of potential refining over capacity.
The considerable product imbalances that may result from various demand growth trajectories.
Investment opportunities as a consequence of infrastructure requirements and price reforms.
The potential for China to emerge as the center of global oil demand.
The provinces as unique marketplaces and the investment opportunities, which may develop.
The rapidly-expanding refining industry means China will likely be a net exporter of selected refined products over the long run but its overall oil imports are huge and increasing quickly. China is facing new challenges today in the oil sector. It is running into issues of overcapacity of manufacturing industries, including perhaps the refining sector. There are many fascinating questions on China's future oil market development:
How will China prevent domestic oil production from declining by 2030?
How will China deal with the massive refining buildup in the short term and over the long run?
Where will China secure supplies for its growing appetite for crude oil: Middle East, Africa, South America, Central Asia, etc.?
Will the oil price regime remain sustained?
Will higher oil prices dampen the growth of petroleum product demand?
How will the huge uncertainties of China’s future oil demand affect the oil business?
What are China’s impacts on the regional and global oil demand, refining business, and oil trade?
Which regions and provinces have the highest growth in oil demand and largest oil import requirements?
These questions will be addressed in greater detail in the study.
Please note: The study, "Outlook for China’s Downstream Oil Refining Sector and Market Developments to 2030" is available in PDF format. FGE clients are entitled to a 15% discount.
Private Studies
FGE has extensive experience in the field of consulting projects on the global oil and gas markets. Our private studies combine technical tools, economic analysis, computer simulation, and engineering considerations with qualitative analysis of market behavior and political realities.
FGE regularly undertakes numerous specifically commissioned, stand alone studies on a variety of subjects depending on the exact needs of the client. These studies are separate from the retainer and are not limited to existing clients. Recent examples of FGE's private studies are as follows:
For more information on FGE's private studies please contact us.
Downstream Refining Sector, Oil Markets, and Price Forecasts
With decades of cumulative experience and knowledge, FGE has frequently conducted studies on the oil market developments in Asia, the Middle East, and the rest of the world for clients with a special focus on the downstream oil sector. Specific topics include but are not limited to refining economics, changing refining configurations, factors affecting oil investments, petroleum product trade, economics of gas-to-liquids (GTL) business, market developments in individual countries and regions, condensate and LPG studies, global and regional crude oil markets, oil price outlook, and others.
Global LNG Studies
FGE has undertaken numerous detailed studies with respect to the fast changing global LNG market. A non-exhaustive list of topics that are touched upon are the supply and demand balance, the pricing environment and potential buyers/sellers economic restraints, detailed descriptions of various supply projects with a focus on which future projects are likely to move ahead and why, analysis on the prospects of short-term LNG trade, and detailed analysis of price and where it is headed in the coming years. All these topics help form procurement and/or marketing strategies for the client.
Crude Oil Price Evaluation Studies
FGE has developed detailed models, which assist us to evaluate and recommend to clients a price basis for new crudes, drawing on our knowledge and experience of crude price differentials worldwide in the context of our established expertise in refining economics. The assessments also utilize the group-wide expertise of FGE in this area of work. We have made several of these evaluations recently for upstream companies wishing to negotiate with a buyer the sale price formula of a new crude, including North Sea, Indian Sea, and Caspian Sea crude oils.
Opportunities for Small-Scale Liquefaction: Overview of Contemporary Projects, Issues, and Salient Points
Undertaken for an international oil company, this report discussed the various small-scale liquefaction ventures being discussed around the world. The study focused on the advantages and disadvantages of small-scale LNG development, identified the challenges experienced by the various project developers, and considered LNG buyers’ attitudes to small-scale liquefaction ventures.
Analysis of a Potential Gas-To-Liquids (GTL) Venture
Commissioned by an international oil company, the primary purpose of this study was to identify, understand and quantify the major costs and benefits to a particular economy that a GTL venture would generate. The study concludes with a comparison of the direct impacts of a hypothetical GTL project with an LNG project, including: capital investment, operational expenditures, direct employment (local and expatriate) and revenues. Indirect impacts are also assessed using a computable general equilibrium (CGE) model of the country’s economy.
International Product Trade: Enhancing Global Energy Security
Undertaken for a government agency this study was designed to provide the Japanese government and domestic oil refiners with an overview of global product markets, with a special emphasis on the US market and the core issues such as the aggressive global refining capacity construction/expansion plans for 2015, which will increase competition to Japanese refiners.
An Analysis of Political Issues Surrounding the Iranian Petroleum Industry
Commissioned by an international oil company this study focused on short-, medium- and long-term implications of US and UN sanctions on Iran. Topics discussed included the impacts of Iran’s political problems on neighboring countries, the influence of European countries on Iran’s nuclear disputes and the reactions of China and India, the impact of possible sanctions on gasoline and gasoil imports in Iran, and the possible scenarios for non-US international oil companies with continued UN sanctions and its impact on the Iranian petroleum industry.
Review and Assessment of Oil Storage Capacity and Investment Opportunities
FGE has recently undertaken several specific studies on the ownership and size of existing oil storage capacity and projects planned or under construction. These have covered the UK, NWE, the Mediterranean, and the Far East. We have set the results in a global or regional context as a guide to clients considering investment opportunities, utilizing our projections of products supply/demand and trade worldwide. The reports also utilize the expertise of FGE in this field.
Annual Briefings
FGE briefings have become the meeting ground for some of the industry’s most senior executives, in a select peer group environment, sharing with each other, strategic and management perspectives from their own global operations. Combined with the technical and market knowledge of the faculty, these two-day briefings provide an incisive approach to decision making on competitive and strategic levels, in addition to updates and new data on the global energy scene. Briefings are conducted year round at various locations with attendees being FGE clients as well as non-clients. Seating is limited by design to encourage discussion amongst the participants and lecturers with open question and answer sessions related to scenarios of interest.
Middle East oil production continues to dominate the global oil market, but the impact on US oil production will create material change in the market. Already oil and condensate production associated with the shale gas revolution is almost two million barrels per day. This has had profound effects on the US market, and like ripples on a pond, the impact is spreading. Product supply patterns in the Atlantic Basin are changing and increasingly it is having an impact on oil supply arrangements. As oil production continues to rise, and shale gas related produc-tion occurs elsewhere in the world, OPEC production will be squeezed. What will be the impact on global trade and geopolitics as the US is increasingly delinked from ME supply? Simultaneously, Iraqi production and NGL pro-duction is rising. The portion supplied by traditional OPEC supply is shrinking. How will this play out? What will be the consequences if the “call” on Saudi falls? Concurrent with the changes in the oil market will be the conse-quence of the massive refinery investment programs of ME producers. Saudi Arabia, Kuwait, and the UAE will all commission world-scale refineries in their home countries plus have joint venture positions in Asian-based refin-eries. The impact on the supply of heavy oil into the market and change in refined product marketing arrange-ments will be pronounced.
Key Topics:
Key Issues Confronting the Global Oil & Gas Markets
The "Ripple Effect" of Increasing US Production
Global Oil Supply and Outlook
China Focus: The Sustainability of the Global Powerhouse
Asian Downstream - Will SEA Remain a "Trade Sink"
Atlantic Basin Refining - Does Declining Demand Mean Reduced Margins?
Middle East Refining - Too Much for the Market to Bear?
Trading Implications
For more information on attending MPI 2014 please contact us at [email protected]
6th Annual Middle East Gas Insiders Briefing (MGI)
Date: TBC, 2013
Venue: TBC
The Middle East region has always been a major player in supplying the global market with hydrocarbons. It is now becoming increasingly important on the demand side of the equation. The Middle East Gas Insiders (MGI) Briefing presented by FGE is a forum for gas executives to assess the options for building successful strategies for investment in downstream natural gas and power markets, pipelines, and LNG within the region.
The past few years have witnessed fundamental changes in the Middle East and North African gas markets. The region has always been a major player in supplying the global market with hydrocarbons. It is now becoming increasingly important on the demand side of the equation due to a significant rise in oil revenues, continuing subsidies, increased spending power, and large infrastructural investments. These dynamics have led to gas shortages in almost every major market. The gas supply balance is changing as exports may decrease and imports may increase.
It will examine key developments in new and existing markets for natural gas in the Middle East; evaluate technological and commercial issues in the upstream gas sector, discuss the outlook for gas imports as well as exports in the region, and analyze trends in LNG pricing.
For more information on attending MGI 2014 please contact us at [email protected]
6th China Petroleum & Gas Insiders Briefing (CPGI 2013)
Date: June 13-14, 2013
Venue: The Raffles Hotel, Singapore
After registering the weakest growth last year since the mid-2000s, China's oil demand is poised to grow faster again in 2013. In Asia, China is still the leader in regional oil demand growth. As the second largest oil-consuming country in the world, China's petroleum product demand (including direct use of crude oil) is expected to reach 10.5 mmb/d in 2013. Can China sustain the growth of oil demand though 2015 and beyond? China's crude imports averaged 5.4 mmb/d in 2012 and are likely to hit some 6 mmb/d in 2013. Against the backdrop of rising demand for crude oil, how soon will China surpas the US in becoming the largest crude oil importer in the world?
The China Petroleum and Gas briefing (CPGI) provides extensive coverage of China’s oil and gas markets dynamics in the Asia Pacific regional and global contexts with a special emphasis on downstream refining, the future outlook of oil demand, supply, and trade, natural gas sector developments, LNG imports, and other key oil and gas issues in China.
CPGI will be highly relevant for all senior management, business developers, traders and analysts, corporate/strategic planners, investment bank project managers and executives responsible for China markets.
Key features:
What's Hot in the Global/Asia Pacific Oil Business
Key Issues in China's Oil Market in the Global Context
Crude Oil Imports and SPRs
The Downstream Refining Sector and Fate of "Teapot" Refineries
A long-running annual briefing, trusted by senior management and corporate planners responsible for business development and strategic direction seeking an insightful vision of the Asia Pacific downstream market.
The Asia Pacific region is still key to the global downstream industry. While it was not immune to the global financial crisis in 2009, the region still provides select opportunities for growth. The future of the industry with market deregulation, liberalization, globalization, expansion, downsizing, and integration, in the face of financial crisis, investment downturn, volatile prices, and lower refining margins create not only challenges but opportunities for those with keen insights and vision.
The Pacific Petroleum Insiders (PPI) briefing has in the last 22 years, become the most authoritative assessment of the downstream oil market in the Asia Pacific. In addition to providing analysis of key industry developments on an annual basis, it has also given Insiders rare insights into the Decision Makers, who attend this event on a yearly basis and use many of the key indicators examined to structure and re-align their operations, business models, and strategies. Combined with the technical and market knowledge of the faculty, PPI will provide an insightful approach to decision making on competitive and strategic levels, in addition to updates and new data on the global energy scene.
For more information on PPI 2013 please email us at [email protected]
13th Annual Pacific Gas Insider Briefing (PGI 2013)
Date: 5-6th December, 2013 Venue: TBC, Singapore
The Pacific Gas Insiders (PGI 2013) briefing will assess the options for building successful strategies for investment in LNG, pipelines, and downstream natural gas and power markets.
PGI 2013 will examine key developments in new and existing markets for natural gas in Asia; evaluate the prospects for new LNG supplies both from expansion of existing plants and from new greenfield developments; assess the potential competition between LNG, pipeline gas, and unconventional gas supplies; compare and contrast the development of the various markets and their impact on the overall gas/LNG trade in the region; and analyze trends in LNG pricing and contract terms.
For more information on PGI 2013, please contact us at [email protected]
Internship & Training
Over the years, FGE has developed a reputation as the leading oil and gas industry analyst, focusing on both Global and East of Suez oil and gas markets. This program provides an opportunity for a small, select group of individuals to join FGE for an extended time period to work with the methodologies and tools FGE uses to analyze these markets.
While the program is directed by FGE, a substantial portion of the work will be done on an individual basis, and thus it is very important that participants are self-motivated and willing to work on their own. The participants and their supervisors should have clear objectives in mind as to what they want to accomplish during the training period.
Objectives
The program has three primary goals:
Participants will become fully familiarized with the analytical techniques used to develop the information presented in the FGE Oil and Gas Databooks;
Participants will gain a deeper understanding about the most pressing issues facing the East of Suez oil and gas markets; and
Participants will learn to analyze topics independently using the best data available. They will also develop the ability to make judgments about the effectiveness of alternative analytical approaches.
Outline of the Program
The choices of programs typically vary in length from three to nine months (however, the duration of training may be adjusted to the client's needs) and location will be dependent on specialization of training undertaken.
The program is organized around the FGE Databooks and other research reports. Each week participants will meet with senior staff members who will share their expertise in a particular area of the Databooks. Together they will develop a supervised work-study program tailored to the needs of individual participants. This could include readings, computer applications, case studies, etc. The participants will also meet with Dr. Fereidun Fesharaki, schedule permitting, for a discussion of pertinent issues. All materials will be provided by FGE, including tailor-made computer models. Dr. Kang Wu, Senior Advisor, will serve as coordinator of the program. Selected senior staff members will also participate, and Dr. Fereidun Fesharaki will oversee the program.
Costs and Other Information
This program is not intended to be a revenue generator for FGE. Its primary purpose is to familiarize participants with FGE products and tools, especially the Databooks. FGE staff will work with participants on an individual level, and thus the group size must be kept small, that is, ideally two participants per retainer client at a time (though larger groups may be accommodated). The ideal participant is a mid-level analyst or manager with at least three years of experience. Priority will be given to FGE official contact person(s) and/or persons who work for or with them in the retainer client office. Participants should be comfortable doing some computer work that is quantitative in nature. The fees are intended to cover primarily administrative and program development costs and participants will not be billed for time spent with FGE staff. Please note that while FGE is happy to help make arrangements for housing and other needs, all living expenses and incidentals (including telephone calls, faxes, etc.) will be at the participants’ expense.
Application Process
There are a large number of applicants to this program, and unfortunately, because FGE can only accommodate a limited number of participants, admission cannot be guaranteed. We ask that applicants be nominated by their supervisor through an official FGE contact person. Supervisors should send a letter outlining their expectations and applicants should send a CV describing their background and qualifications. FGE will review each application and inform the individual as to whether he or she is admitted into the program.
Past Participants
Past participants in this program include: Saudi Aramco, Kuwait Petroleum Corporation, LG-Caltex, SK Corporation, Korea National Oil Company, Showa Shell, Idemitsu, Petronas, Pertamina, Cosmo Oil, Cosmo Research Institute, Petroleum Authority of Thailand, National Iranian Oil Company, Indian Oil Corporation, and SINOPEC.
In-House Training
FGE has in the past run numerous in-house training programs for clients ranging from one day to a few days, depending on the needs of the client. In-house training programs are sometimes preferred as it gives training exposure to as many employees as the client deems necessary. The client will provide all the necessary materials and space for the program.
r the years, FGE has developed a reputation as the leading oil and gas industry analyst, focusing on both Global and East of Suez oil and gas markets. This program provides an opportunity for a small, select group of individuals to join FGE for an extended time period to work with the methodologies and tools FGE uses to analyze these markets.
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FGE has a long history of delivering the highest-quality focused and insight-driven multi-client studies. Our multi-client studies deliver in-depth primary research that is focused on major industry trends and hot topics in the global oil and natural gas markets. Each study is led by a team of subject matter and research experts and generally involves a combination of primary research, forecasting, and analysis, that is designed to deliver actionable insight into the topics which they cover. Based on lengthy periods of field research, our multi-client studies are generally regarded amongst our clients as being the most comprehensive pieces of research available on difficult-to-find oil and gas related topics available.
