IHS Cambridge Energy Research Associates (IHS CERA) is a leading advisor to energy companies, consumers, financial institutions, technology providers and governments. IHS CERA (www.ihscera.com) delivers strategic knowledge and independent analysis on energy markets, geopolitics, industry trends, and strategy. IHS CERA is based in Cambridge, MA, and has offices in Bangkok, Beijing, Calgary, Dubai, Johannesburg, Mexico City, Moscow, Mumbai, Oslo, Paris, Rio de Janeiro, San Francisco, Tokyo and Washington, DC.
IHS CERA: The Role of Deepwater Production in Global Oil Supply
CAMBRIDGE, Mass. (June 30, 2010) —The April 20 blowout in the U.S. Gulf of Mexico (GOM) has introduced a new dimension of uncertainty to the offshore oil and gas sector. While it is too soon to know the ultimate impact of the blowout and subsequent spill, the following facts—drawn from IHS CERA research—provide context to deepwater production’s role in global oil supply prior the blowout. Future research from IHS CERA will examine the potential impacts of the spill on future production.
Canadian Oil Sands Poised to Become the Top Source of Crude Oil Imports to the United States in 2010, IHS CERA Analysis Finds
CAMBRIDGE, Mass. (May 19, 2010) – The Canadian oil sands have increasingly become an important source of global oil supply growth and are now poised to become the number one source of U.S. crude oil imports in 2010, according to new research from the IHS CERA Canadian Oil Sands Dialogue. Oil sands imports could ultimately increase to a range of 20 percent to 36 percent of U.S. oil and refined product imports by 2030 from the 2009 level of 8 percent, according to the Dialogue’s first report, The Role of Canadian Oil Sands in U.S. Oil Supply.
IHS CERA: Costs of Building and Operating Upstream Oil and Gas Facilities Bottomed Out in Q3 2009 – Q1 2010
Capital costs level off and operating costs show modest rise one year after sharp fall, but the Gulf of Mexico oil spill could renew downward pressure on costs in the future
CAMBRIDGE, Mass. (June 22, 2010) – The costs of building and operating upstream oil and gas facilities—which fell drastically in Q1 2009 after a prolonged period of escalation—hit bottom and were beginning to show signs of an upward trend at the end of Q1 2010, according to two cost indexes developed by IHS Cambridge Energy Research Associates (IHS CERA).
IHS CERA: Refinery and Petrochemical Construction Costs Continue Steady Rise
Costs rise in the past six months and continue slow march back to prerecession levels
CAMBRIDGE, Mass. (June 23, 2010) –The costs for designing and constructing downstream refining and petrochemical projects rose 1.5 percent from Q3 2009 to Q1 2010, according to the latest edition of the IHS CERA Downstream Capital Costs Index (DCCI). It was the second straight increase for the index since prices bottomed out at 9 percent below peak 2008 levels– costs are now just 6.5 percent below peak 2008 levels.
Speaking at CERAWeek 2010 in Houston, White House National Economic Council Director Lawrence Summers discusses energy and the future of the U.S. Economy
Speaking at CERAWeek 2010 in Houston, International Energy Agency Executive Director, Nobuo Tanaka discusses the organization's energy outlook with IHS CERA Chairman, Daniel Yergin.
First Production from Newly Opened Offshore Atlantic Continental Shelf Areas Could Occur as Early as Seven Years
CAMBRIDGE, Mass. (March 31, 2010) – The off-shore U.S. Atlantic continental shelf could contain 3.8 billion barrels of oil and 137 trillion cubic feet (tcf) of natural gas. First production could be as early as seven years in the area that the Obama Administration announced will be open to exploration, but any current estimates are still very preliminary, according to IHS Cambridge Energy Research Associates (IHS CERA).
CAMBRIDGE, Mass. (March 31, 2010) – Iraq’s current “highly ambitious plans” to expand oil production are unlikely to be fully realized given political, security, operational and infrastructure challenges, according to a new report, Fields of Dreams: The Great Iraqi Oil Rush—Its Potential, Challenges, and Limits by IHS Cambridge Energy Research Associates (IHS CERA). Iraq currently plans to expand production to as much as 12 million barrels per day (bpd) in the next six to seven years. Achieving levels around half that in the next decade would be more likely and would still constitute “a significant expansion,” the report emphasizes. IHS CERA’s current outlook for Iraq is 4.3 mbd in 2015 and 6.5 mbd in 2020—still big growth numbers.
Efficiency can contribute the most energy “supply” while reducing costs and greenhouse gases and increasing energy security
CAMBRIDGE, Mass. (March 11, 2010) – The need to address climate change and the expected surge in energy demand from the developing world have moved energy efficiency to the top of the agenda for government and business, according to a new comprehensive report by IHS Cambridge Energy Research Associates (IHS CERA) and the World Economic Forum.
Provides potential for near-term CO2 cuts, but presents long-term challenges, study says
CAMBRIDGE, Mass. (March 10, 2010) – The “shale gale” sweeping across North America the past few years has more than doubled the size of the discovered natural gas resource in North America—enough to satisfy more than 100 years of consumption at current rates, according to a major new analysis of the leading unconventional gas plays in North America by IHS Cambridge Energy Research Associates (IHS CERA).
Have we learned anything from the 1970s experience?
IHS CERA chairman, Daniel Yergin sat down with two of the main energy policymakers from that decade—former Senator Bennett Johnston (D-LA),and John Deutch, former undersecretary of the U.S. Department of Energy.
Location: Washington, D.C. Expertise: Global energy, political and economic issues
Yergin is an authority on international politics, economics and energy. A Pulitzer Prize winner for his best-seller “The Prize: The Epic Quest for Oil, Money and Power,” Yergin is a recipient of the U.S. Energy Award.
Location: Cambridge, Mass. Expertise: Emerging energy markets
Bailey is an expert in energy markets in developing countries, with specialties in market fundamentals, regulatory structure and strategic planning. He works closely with IHS CERA clients on the investment climate and strategy in Asia and Latin America and is available to provide comments and expertise to the media on Latin America and Energy Markets.
Aaron Brady, Director, Research, Global Oil, IHS CERA
Location: Cambridge, Mass. Expertise: Global oil markets
Brady is an expert in the global oil market, including downstream price dynamics, political and regulatory influences, and economic trends. His analyses focus on the fundamentals of the North American refined product markets and on energy/environmental legislation and regulatory issues, including the role of alternative fuels. He is available to the media to provide his expertise on biofuels and downstream oil activities.
Oil prices have outpaced equities since the March 2009 low, and while oil and stocks have tracked each other more closely this year, energy is still leading the way, reports CNBC's Sharon Epperson from CERAWeek 2010.
Energy & Futures Buzz
CNBC's Sharon Epperson has the details on energy companies meeting in Houston for CERAWeek 2010.
Oil & Gold on the Rise
Insight on the huge week for energy watchers and policymakers at a key conference in Houston - CERAWeek 2010 - with CNBC's Sharon Epperson.
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