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 has extensive experience in the field of consulting on the oil and natural gas markets.
GLOBAL
EAST OF SUEZ
MIDDLE EAST
CHINA
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 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).
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.
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.
Two gas databooks, which are issued once a year. One databook details natural gas demand and supply by sector for each country in the East of Suez market, with projections to 2030, while the other databook focuses on LPG.
Annual visit by senior staff to discuss market developments/projections and present findings of recent analysis.
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.
Two gas databooks, which are issued once a year. One databook details natural gas demand and supply by sector for each country in the East of Suez market, with projections to 2030, while the other databook focuses on LPG.
Annual visit by senior staff to discuss market developments/projections and present findings of recent analysis.
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.
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.
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
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.
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.
The Spot and Short-Term LNG Demand and Supply Study comes at an especially critical juncture, with Asia Pacific sellers and buyers adopting a cautious approach to their LNG sales and purchasing activities partly due to uncertainties about the timing of economic recovery and subsequent growth. The study looks at individual countries, which already or will export or import LNG by 2014. For LNG-exporting countries, the study will weigh the country’s forecast LNG supply against its contractual sales commitments and identify LNG that is available for spot or short-term trade. For LNG-importing countries, it will weigh the country’s forecast LNG demand against its contracted LNG supplies, and identify the extent and timing of any required ‘bridging’ volumes.
Specific issues covered in this year’s Study include:
The evolution of spot and short-term LNG markets
Potential spot and short-term LNG demand to 2014
Projected spot and short-term LNG supply to 2014
LNG and the path towards a global gas market-place
This is a critical tool for strategic decision-makers. It will enable Far East LNG buyers to identify short-term LNG supply options and gauge the size and extent of competition for these supplies. For Far East/Middle Eastern LNG sellers, this study is a tool to delineate target markets for spot and short-term sales, and obtain awareness of the competitive sellers’ landscape. It will also equip Atlantic Basin LNG buyers with estimates of west of Suez LNG diversions, as well as provide the region’s LNG sellers with an estimate of opportunistic sales potential to what will likely be higher-priced markets.
Please note: The Spot and Short-Term LNG Demand and Supply is available in a PDF format. FGE clients are entitled to a 15% discount.
The study offers detailed insights into the East of Suez asphalt trade, shedding light on this often overlooked, but high value niche segment of the regional products market. Also included is a country-by-country analysis of domestic asphalt consumption, production capacity, import requirements, government policies, storage, and regional trade as well as related refinery economics. Special focus is given to the region’s swing importers and price setters such as China, India, Vietnam, and Indonesia. These key markets help shape the regional trade flows which we have assessed in this study and used to examine how the trade routes will evolve. FGE has drawn on its in-house expertise as well as senior players in the asphalt industry to examine the factors that will help shape asphalt trade in the coming decade and provide actionable strategies for market participants.
Specific issues covered in this year's Study include:
Key demand and supply centers
The economics of asphalt production
Asphalt transport and quality
Asphalt trade flows
Role of the Middle East in the business
This is a critical tool for suppliers and distributors of asphalt in the East of Suez, active players in the Middle East (key suppliers and distributors), contractors working with state highway departments or involved in urban projects, traders looking to examine market intricacies, and refiners looking to maximize value from their asphalt units or those interested in entering the asphalt market.
Please note: The Asphalt Market: The Road Ahead is available in a PDF format. FGE clients are entitled to a 15% discount.
FACTS Global Energy has embarked upon a substantive assessment of all the main factors shaping future crude oil trade flows, which will culminate in a new multi-client study. International crude oil trade is vulnerable to a wide range of operational and strategic pressures. Future crude trade patterns will be impacted by a number of factors such as the shift in oil demand growth to the east, the growth of export refineries, corporate realignment underway between IOCs and NOCs, the ever present balancing act between refining configurations and incremental crude qualities and a host of other issues.
Specific issues covered in this year's Study include:
Global oil demand and supply
Changes in crude oil quality
Analysis of refining outlook
Historical and future crude oil trade flows
Crude oil pricing
This is a critical tool for national oil companies and governments, oil majors, producers and refiners, crude and product traders, storage operators and ship owners. The study will deliver key insights on crude oil production, the role of Middle East producers in meeting future oil demand, the outlook for sweet-sour and light-heavy differentials, the impact of refinery closures on crude oil trade, the challenges for Asian export refiners facing potential crude oil shortages, pricing implications of this supply/demand dislocation, and the potential for a greater proportion of product trade versus crude trade.
Please note: The Outlook for International Crude Oil Trade is available in a PDF format. FGE clients are entitled to a 15% discount.
The study is an update to the first edition by FGE – Condensate Production, Demand and Trade from a Middle East/Asia Pacific Perspective, published in November 2007. The study will cover the issues driving shifts in the condensate market from a Middle East and Asia Pacific market perspective. These issues include condensate production, demand, trade, and sector utilization. The underlying analysis will include current and future condensate output by field, with consumption by country and sector, and discussing condensate trade and movement in global terms. Separate chapters will review and analyze events and trends in condensate supply, refining, splitting, marketing, and pricing, with particular reference to LNG and GTL developments. Petrochemical market developments driving Asia Pacific condensate demand will also be explored in this study. The study will be extended to cover the period up to 2020.
Specific issues covered in this year's Study include:
Discussion on traditional sources of condensate and views on future availability
Discuss competing forces and underlying factors driving demand for condensate
Discuss plans for splitters and the fundamental drivers for their construction
Discuss new supplies and trading opportunities and challenges
This is a critical tool for suppliers and consumers of condensate as the East of Suez refining and petrochemical sectors are at the point of far reaching change. Whether you are a trader, gas project planner, refiner planner and manager or procurement director, this study will paint a clear picture on the opportunities and threats with regard to the East of Suez condensate market. Rapidly changing supply demand balances make for exciting times in the condensate industry, with well-positioned players poised to profit from a range of opportunities in this sector.
Please note: The study Condensate: Production, Demand and Trade is available in a PDF format. FGE clients are entitled to a 15% discount.
With the release of the first Middle East Gas Annual Report (MEGAR) in 2007, FACTS Global Energy is pleased to announce the release of an updated version. This is a testament to the overwhelming success and great reputation of the previous study. The new report provides a completely new review and comprehensive analysis of the Middle East gas industry, and builds on the previous edition with Syria added into the country-by-country analysis. This report also provides more details on new gas projects including infrastructure, import, and export potential. This edition has been compiled entirely by the FACTS Global Energy staff, and we trust that it will build on the success of the earlier efforts, contributing to the understanding of the complex Middle East market.
Specific issues covered in this year’s Study include:
Middle East gas demand and supply by sector
Pricing discussions
Gas Infrastructure: Inter- and Intra-country projects
Upstream details
Details of gas source/supply in the context of LNG, pipeline gas, and GTL projects
This is a critical tool for suppliers and consumers of natural gas in the Middle East as well as those who depend on gas imports from the region. The report provides an in-depth analysis of Middle East countries comprising of Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, Syria, UAE, and Yemen. For demand and supply, as well as flaring/losses and reinjection, the report will provide and analyze historical data from 1975 and forecasts through 2020 on a country-by-country basis. Demand and supply balances will allow FGE to get a clear picture of potential exports going forward whether they are via LNG or pipeline gas.
Please note: The "Middle East Gas Annual Review" is available in PDF format. FGE clients are entitled to a 15% discount.
In less than four years, the global oil industry has gone through major changes. Oil demand has escalated globally, oil prices have more than tripled, significant new refining capacity has come onstream and trade flows have increased both in terms of volume and complexity. Players in the East can no longer isolate themselves from developments in the West. Understanding global trade patterns has gained paramount importance. At the same time, changing product specifications in different markets, policies and restrictions on trade flows, arbitrage opportunities and the entry of new and aggressive players have made the global trading arena more challenging.
Specific issues covered in this year's Study include:
Detailed regional breakdowns of oil demand by main product
Individual refining investment projects by type
Regional refining capacity summaries by type
Optimized products output forecast
Changes to net products trade
Refining margins
Regional marker crude oil and main products price forecasts
The study provides an in-depth analysis of product balances and product trade for petroleum products globally. This vital, strategic information is based on FACTS Global Energy’s research and proprietary data, as well as interviews with industry players. The study is an indispensible guide for oil refiners, oil product traders, national oil companies and majors, ship owners and charters, commercial storage owners, and the shipping and storage industry.
Please note: The study Global Product Trade is available in a PDF format. FGE clients are entitled to a 15% discount.
FGE and Marine and Energy Consulting Ltd have cooperated to complete this report, which follows on from our previous two bunker studies and provides a detailed assessment of the potential economic and operational implications of IMO’s radical new proposals, relating to bunker fuel quality. This not only impacts on the bunker market itself, but also on refining investments & operations, oil product price differentials and international products trade. The study also examines the extent to which technology could soften the impact through economically viable abatement systems, such as on-board scrubbers and engine design modifications.
Specific issues covered in the Study include:
Proposed future marine emission legislation including possible new Emission Control Areas.
Detailed forecast of the world fleet and its bunker consumption by type and location.
Price projections for low and high sulfur fuel oil and distillate bunkers and the impact on future bunker fuel costs relative to crude oil.
Comparative technical specifications and viability of vessel abatement systems and energy efficiency technologies.
A forecast of the prospective world fuel oil demand/supply of covering low and high sulfur distillates and fuel oil for inland and marine bunker consumption by main geographical regions.
Considerations as to how the international refining industry will react to the proposed IMO changes, in particular in the context of potential restructuring in the industry.
An evaluation of the feasibility of a switch from residual fuel oil to distillate as bunker fuel in terms of refining investments so as to implement the IMO recommendations within the specified time frame.
Future sourcing of low sulfur residual and distillate fuel.
Potential structural changes in the marine bunker industry.
Please see below an extract from the 100-page/45-table study:
“Compliance with the IMO recommendations will necessitate a considerable amount of new investment and changes in operations, both on land and at sea. The main battleground will be between the refiners and the ship owners as to which group will have to make the required investment. Behind these two groups will be the politicians and lawmakers, who will be responsible for establishing the national dimensions of the time-scale and areas within which the consumption of the new marine bunker specifications will be mandated and for enforcing compliance with the regulations.”
Potential Impact of IMO Proposals Relating to Marine Bunkers
Please note: The "Outlook for Marine Bunkers and Fuel Oil" is available in hard copy only. FGE clients are entitled to a 15% discount.
Our latest annual World Refining Outlook appears at a time when the industry is facing immense operating difficulties. The combination of a cyclical upturn in new capacity and the after-effects of the global recession have left the sector with the largest overhang of spare capacity since the early 1980s. In the mature markets the prospects of flat or declining oil demand, increasing biofuels supply and environmental costs threaten to bring about a period of restructuring, which is expected to lead to plant closures and changes in ownership.
This pressure will intensify as refiners in the East continue to invest for growing domestic oil demand and anticipated export markets, but poor operating profitability will affect all regions and questions must be raised about whether these policies will prevail in such a climate.
Specific issues covered in this year's Study include:
The projected changing volume, composition and quality of the oil demand barrel through 2020.
The potential impact of the new IMO marine bunker quality specifications.
Projected post-recession regional non-OPEC and OPEC upstream oil capacity and production, with indications of quality changes.
The effect of the mandated increases in the production and blending of biofuels.
Detailed assessments of anticipated refining capacity additions, based on plant-by-plant analysis.
An evaluation of the amount and location of most likely refinery closures.
Resulting regional oil product balances and the implications for refining operations in order to reconcile the global and regional imbalances.
Projected international benchmark crude prices and main products price differentials in the four major oil refining centers.
The report will include a discussion of the key issues confronting the industry and draw conclusions regarding the strategic implications for the different sectors of the business. As in the past, the study will be supported by a detailed statistical supplement.
Please note: The Annual World Oil Refining Outlook is available in PDF format. FGE clients are entitled to a 15% discount.
The outlook for China’s downstream oil sector is a comprehensive study for understanding the downstream refining industry, oil demand, petroleum product balances, and trade and investment opportunities for the country as a whole as well as on a province-by-province basis.
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. How will China prevent domestic oil production from declining by 2025? 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 2025" is available in PDF format. FGE clients are entitled to a 15% discount.
As a key to understanding the natural gas market potential, province-by-province gas demand & supply, and prospects for LNG & pipeline gas imports in China, FACTS Global Energy has continued with a major assessment of all these issues in great depth, which leads to the new China natural gas multi-client study.
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.
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.
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.
The Pacific Petroleum Insiders (PPI) briefing has in the last two decades, become the most authoritative assessment of the downstream oil markets 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 future of the industry as markets deregulate, liberalize, globalize, expand, downsize, and integrate. Decision makers, who attend this event on a yearly basis, use many of the key indicators examined, to structure and re-align their operations, business models, and strategies.
Over the years, the briefing has 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, PPI will provide an incisive approach to decision making on competitive and strategic levels, in addition to updates and new data on the global energy scene.
The Pacific Gas Insiders (PGI) briefing is now a well-known annual forum for gas executives to assess the options for building successful strategies for investment in LNG, pipelines, and in downstream natural gas and power markets. It examines key developments in new and existing markets for natural gas in Asia, evaluates the prospects for new LNG supplies—both from expansions of existing plants and from new Greenfield developments, assess the potential competition between LNG, pipeline gas, and unconventional gas supplies, compares & contrasts the development of the Indian, Chinese, American, and European markets and their impact on the overall Asia Pacific market, and analyze trends in LNG pricing.
PGI will be highly relevant for all senior decision makers responsible for natural gas/LNG from gas producing, consuming, marketing, and distribution groups, from both corporations and governments. It is especially relevant for Marketing and Business Development Managers, LNG/Gas E&P Managers, LNG/Gas and Power Project Managers/Directors, Oil/Fuel & Pipeline Gas Traders, Banks, Financial Institutions, and companies providing Project Advisory Services, Contracts and Legal Managers, and Economists, Policy Makers, Corporate Planners, and Analysts.
The Middle East Petroleum Insiders Briefing (MPI) briefing has in the last two decades aimed at providing a continuing and authoritative in-depth assessment of dynamic aspects of the Middle East oil markets. Topics such as key commercial and market considerations, shifts in demand, supply and product trends in Asia, the Middle East, Atlantic Basin and European markets and the dynamics of trade with key oil giants, India and China will be examined. It will be a vital opportunity for assessing market movements in the East of Suez region and for building alternative strategies for maximizing the potential for business with and in the booming Middle East oil markets.
The Middle East Gas Insiders Briefing (MGI) briefing is a relatively new event aimed at providing a continuing and authoritative in-depth assessment of the dynamic aspects of the Middle East gas markets. Topics that are examined include but are not limited to key developments in the regional gas markets with respect to demand, supply and price and what this means for possible exports, assessing the potential competition between LNG and pipeline gas, and examining key drivers of various countries' strategies when it comes to domestic consumption versus exports. This briefing is a vital opportunity for assessing market movements in the region and for building alternative strategies for maximizing the potential for business with and in the booming Middle East gas markets.
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.
The LNGA conference is an annual forum that is highly relevant for senior decision makers responsible for LNG & natural gas from gas producing, consuming, marketing and distribution groups from both corporations and government. Known for its prestigious speakers and participants, this event provides the opportunity to engage with ministers and industry executives on key industry topics. In addition, the companion LNGA workshops provide a further opportunity for in-depth examination into timely and important topics, which in 2010 included purchase agreement negotiations and current market fundamentals.
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..jpg)
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