Offshore Oil & Gas Outlook

Offshore Oil & Gas Outlook

Bruce Crager, Executive Vice President, Expert Advisory Group, shares our offshore oil and gas outlook at Reuter’s 2020 Future of Oil and Gas Conference.

We believe the future looks bright, especially among those who can adapt.  And returning to 2019 levels of supply will require significant injection of human and financial capital after drop off in 2020. Most importantly, lower carbon footprint will drive the change in energy mix as overall supply and demand continue to grow long term.  Oil is expected to remain flat with substantial growth in natural gas (lower carbon fuel), and renewables.