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The United Kingdom Gas Markets, 2013

Published By :

GlobalData

Published Date : Jun 2013

Category :

Oil and Gas

No. of Pages : 137 Pages


The United Kingdom Gas Markets, 2013

Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in The United Kingdom. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the natural gas assets (gas fields, FPSOs, pipelines, LNG terminals and underground gas storage facilities) in The United Kingdom. The report compares the investment environment in The United Kingdom with other countries in the region. The profiles of the major companies operating in the natural gas sector in The United Kingdom together with the latest news and deals are also included in the report.

Scope

  • Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 2000-2020.
  • Historical and forecast data and information for all the major gas fields, (Liquified Natural Gas) LNG Terminals, pipelines and underground gas storage facilities in The United Kingdom for the period 2005-2017.
  • Operator and equity details for major natural gas assets in The United Kingdom.
  • Key information relating to market regulations, key energy assets and the key companies operating in the The United Kingdom’s energy industry.
  • Information on the top companies in the The United Kingdom including business description, strategic analysis, and financial information.
  • Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
  • Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

  • Gain a strong understanding of the country’s energy market. 
  • Facilitate market analysis and forecasting of future industry trends.
  • Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data. 
  • Assess your competitor’s major natural gas assets and their performance.
  • Analyze the latest news and financial deals in the gas sector of each country.
  • Develop strategies based on the latest operational, financial, and regulatory events. 
  • Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
  • Identify and analyze the strengths and weaknesses of the leading companies in the country.
Table of Contents

1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9

2 The United Kingdom Energy Sector 10
2.1 The United Kingdom Energy Sector, Market Overview 10
2.2 The United Kingdom Energy Sector, Natural Gas 10
2.2.1 The United Kingdom Natural Gas, Overview 10
2.3 The United Kingdom Energy Sector, Natural Gas 11
2.3.2 United Kingdom Natural Gas, Regulatory Structure 16
2.3.3 United Kingdom Natural Gas, Infrastructure 16

3 The United Kingdom Gas Upstream Investment Environment Benchmarking 17
3.1 Introduction 17
3.2 The Overall Ranking 17
3.3 Upstream Fiscal Attractiveness 17
3.3.1 Maximum Government Take Index 19
3.3.2 Fiscal Flexibility 19
3.3.3 Maximum State Participation 19
3.4 Gas Sector Performance 19
3.4.1 Exploration Activity 21
3.4.2 Gas Production 22
3.4.3 Gas Reserves 22
3.4.4 Gas Consumption 22
3.5 Economic Performance 23
3.5.1 GDP Growth Index 24
3.5.2 FDI Confidence Index 24
3.5.3 Balance of Trade Index 25
3.6 Socio-Political Performance 25
3.6.1 Democracy Index 27
3.6.2 Governance Index 27

4 United Kingdom Exploration and Production Sector 28
4.1 United Kingdom Exploration and Production Sector, Country Snapshot 28
4.1.1 United Kingdom Exploration and Production Sector, Key Data 28
4.1.2 United Kingdom, Exploration and Production Sector, Assets Map 28
4.1.3 United Kingdom Exploration and Production Sector, Marketed Natural Gas-Historical Production by Type 29
4.1.4 United Kingdom Exploration and Production Sector, Marketed Natural Gas Production by Assets 30
4.1.5 United Kingdom Exploration and Production Sector, Market Share based on Marketed Natural Gas Production 32
4.2 United Kingdom Exploration and Production Sector, Production Forecast 34
4.2.1 United Kingdom Exploration and Production Sector, Marketed Natural Gas Production Forecast 34
4.3 United Kingdom Exploration and Production Sector, Natural Gas Asset Details 37
4.3.1 United Kingdom Exploration and Production Sector, Active Natural Gas Asset Details 37
4.3.2 United Kingdom Exploration and Production Sector, Planned Natural Gas Asset Details 48
4.4 United Kingdom Exploration and Production Sector, Major Gas Discoveries 50
4.4.1 United Kingdom Exploration and Production Sector, Number of Gas Discoveries 50
4.4.2 United Kingdom Exploration and Production Sector, Gas Discovery Details 51
4.5 United Kingdom Exploration and Production Sector, Recent Discoveries 52
4.5.1 Apr 23, 2013: Premier Oil Finds Oil At 28/9a-6 And 28/9a-6z Wells In UK Central North Sea 52
4.5.2 Apr 05, 2013: Faroe Petroleum Encounters Gas At 213/25c-1V Exploration Well At North Uist Frontier, Shetland 52
4.5.3 Feb 17, 2013: TAQA Discovers Oil At Darwin Oil Field In UK North Sea 53
4.6 United Kingdom Exploration and Production Sector, Drilling and Production Updates 54
4.6.1 Jun 03, 2013: Igas Energy Announces Results Of Lower Carboniferous Shale And Bowland Shale, England 54
4.6.2 May 29, 2013: Maersk Oil UK Resumes Production At Gryphon FPSO 54
4.6.3 May 09, 2013: Cuadrilla Resources To Drill Exploration Well At Balcombe Village In West Sussex County, UK 55
4.6.4 May 02, 2013: Atlantic Petroleum Provides Production Update 56
4.6.5 Apr 30, 2013: Apache Announces First Oil From Tonto Oil Field In UK North Sea; Initial Production Flow Exceeds 10,000 bd 56

5 United Kingdom FPSO Sector 57
5.1 United Kingdom FPSO Industry, FPSO Capacity Details by Vessel 57
5.2 United Kingdom FPSO Industry, FPSO Vessel Specifications 58

6 United Kingdom Pipeline Sector 59
6.1 United Kingdom Pipeline Sector, Key Data 59
6.2 United Kingdom Pipeline Sector, An Overview 59
6.3 United Kingdom Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies 59
6.4 United Kingdom Pipeline Sector, Natural Gas Pipelines 61

7 United Kingdom LNG Sector 65
7.1 United Kingdom LNG Sector, Key Data 65
7.2 United Kingdom LNG Sector, Regasification 65
7.2.1 United Kingdom LNG Sector, Regasification, Total Regasification Capacity 65
7.2.2 United Kingdom LNG Sector, Regasification, Capacity Market Share by Company 66
7.2.3 United Kingdom LNG Sector, Regasification, Asset Wise Capacity 67

8 United Kingdom Undergound Gas Storage Sector 68
8.1 United Kingdom Underground Gas Storage Sector, Key Data 68
8.2 United Kingdom Underground Gas Storage Sector, An Overview 68
8.3 United Kingdom Underground Gas Storage Sector, Capacity Market Share by Company 68
8.4 United Kingdom Underground Gas Storage Sector 69
8.4.1 United Kingdom Underground Gas Storage Sector, Storage Capacity by Area 69
8.4.2 United Kingdom Underground Gas Storage Sector, Storage Capacity of Active Terminals 70
8.4.3 United Kingdom Underground Gas Storage Sector, Storage Capacity of Planned Terminals 71

9 Profile of BP p.l.c 72
9.1 BP p.l.c, Key Information 72
9.2 BP p.l.c, Company Overview 72
9.3 BP p.l.c, Business Description 72
9.3.1 Business Overview 72
9.3.2 Exploration and Production 75
9.3.3 Other Businesses and Corporate 77
9.3.4 Refining and Marketing 77
9.4 BP p.l.c., SWOT Analysis 79
9.4.1 Overview 79
9.4.2 BP p.l.c. Strengths 80
9.4.3 BP p.l.c. Weaknesses 81
9.4.4 BP p.l.c. Opportunities 82
9.4.5 BP p.l.c. Threats 84

10 Profile of Royal Dutch Shell plc 86
10.1 Royal Dutch Shell plc, Key Information 86
10.2 Royal Dutch Shell plc, Company Overview 86
10.3 Royal Dutch Shell plc, Business Description 87
10.3.1 Business Overview 87
10.3.2 Corporate 88
10.3.3 Downstream 88
10.3.4 Upstream 90
10.4 Royal Dutch Shell plc, SWOT Analysis 91
10.4.1 Overview 91
10.4.2 Royal Dutch Shell plc Strengths 91
10.4.3 Royal Dutch Shell plc Weaknesses 93
10.4.4 Royal Dutch Shell plc Opportunities 94
10.4.5 Royal Dutch Shell plc Threats 95

11 Profile of BG Group plc 97
11.1 BG Group plc, Key Information 97
11.2 BG Group plc, Company Overview 97
11.3 BG Group plc, Business Description 97
11.3.1 Business Overview 97
11.3.2 LNG Shipping and Marketing 98
11.3.3 Upstream 98
11.4 BG Group plc, SWOT Analysis 99
11.4.1 Overview 99
11.4.2 BG Group plc Strengths 99
11.4.3 BG Group plc Weaknesses 100
11.4.4 BG Group plc Opportunities 101
11.4.5 BG Group plc Threats 102

12 Financial Deals Landscape 104
12.1 Detailed Deal Summary 104
12.1.1 Acquisition 104
12.1.2 Equity Offerings 110
12.1.3 Debt Offerings 114
12.1.4 Partnerships 119
12.1.5 Asset Transactions 121

13 Recent Developments 126
13.1 License Awards 126
13.1.1 Apr 09, 2013: Argos Resources Announces Extension Of PL001 License In Falkland Islands 126
13.2 Strategy and Business Expansion 126
13.2.1 May 13, 2013: Neste Jacobs And GOS Sign Oil Shale Development And Engineering Agreement 126
13.2.2 May 02, 2013: Trap Oil Announces New Strategic Consortium Partners 127
13.2.3 Apr 26, 2013: Petra Petroleum Provides Update On Implementation Of Strategy 127
13.3 Other Significant Developments 128
13.3.1 Jun 05, 2013: Xtract Energy Appoints Joel Silberstein As CFO 128
13.3.2 May 29, 2013: Ruspetro Announces Restructure Of Sberbank Loan 128
13.3.3 May 28, 2013: Dana Petroleum Lays Keel For US$400 Million FPSO Vessel 129
13.3.4 May 28, 2013: Xtract Energy Appoints Jan Nelson As CEO 129
13.3.5 May 24, 2013: MEG Energy Expands Senior Secured Revolving Credit Facility 130
13.3.6 May 23, 2013: Iona Energy Provides Huntington And Trent & Tyne Fields Operations Update 130
13.3.7 May 22, 2013: Fastnet Oil & Gas Provides Operations Update 132
13.3.8 May 20, 2013: Roxi Petroleum Provides Operations Update 134

14 Appendix 135
14.1 Abbreviations 135
14.2 Methodology 135
14.2.1 Coverage 135
14.2.2 Secondary Research 136
14.2.3 Primary Research 136
14.3 Contact Us 136
14.4 Disclaimer 137

List of Table


Table 1: The United Kingdom, Historical and Forecast Production and Consumption of Natural Gas, bcf, 2000-2020 11
Table 2: The United Kingdom, Historical and Forecast Exports and Imports of Natural Gas, bcf, 2000-2020 13
Table 3: The United Kingdom, Historical Reserves of Natural Gas, tcf, 2000-2012 15
Table 4: Western Europe, Investment Benchmarking, Overall Country Rankings, May 2013 17
Table 5: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, May 2013 18
Table 6: Western Europe, Investment Benchmarking, Gas Sector Performance, May 2013 19
Table 7: Western Europe, Investment Benchmarking, Economic Performance, May 2013 23
Table 8: Western Europe, Country Standings, Economic Performance, by GDP Growth - FDI Confidence and Production Indices, May 2013 23
Table 9: Western Europe, Investment Benchmarking, Socio-Political Performance, May 2013 25
Table 10: Western Europe, Country Standings, Socio-Political Performance by Exploration Growth- FDI Confidence and Governance Indices, May 2013 26
Table 11: United Kingdom, Key Statistics, 2013 28
Table 12: United Kingdom, Marketed Natural Gas Production by Type (%), 2003 -2012 29
Table 13: United Kingdom, Marketed Natural Gas Production (mmcf) by Major Assets, 2003-2012 30
Table 14: United Kingdom, Market Share (%) of Key Companies based on Marketed Natural Gas Production, 2003-2012 32
Table 15: United Kingdom, Marketed Natural Gas Production (mmcf), Forecast by Major Assets, 2013-2017 34
Table 16: United Kingdom, Active Gas Field Assets Details 37
Table 17: United Kingdom, Planned Gas Field Assets Details 48
Table 18: United Kingdom, Number of Gas Discoveries, 2007- 2012 50
Table 19: United Kingdom, Gas Discovery Details, 2007-2012 51
Table 20: United Kingdom FPSO Industry, FPSO Gas Production Capacities, May 2013 57
Table 21: United Kingdom FPSO Industry, FPSO Vessel Specifications, May 2013 58
Table 22: United Kingdom, Pipeline Key Statistics, May 2013 59
Table 23: United Kingdom, Natural Gas Pipeline Length by Company (Km), May 2013 59
Table 24: United Kingdom, Natural Gas Pipelines, May 2013 61
Table 25: United Kingdom, Natural Gas Pipelines, May 2013 (contd.1) 62
Table 26: United Kingdom, Natural Gas Pipelines, May 2013 (contd.2) 63
Table 27: United Kingdom, Natural Gas Pipelines, May 2013 (contd.3) 64
Table 28: United Kingdom LNG Key Statistics, May 2013 65
Table 29: United Kingdom, Total Regasification Capacity (bcf), 2005-2017 65
Table 30: United Kingdom, Regasification Capacity by Company (bcf), 2005-2017 66
Table 31: United Kingdom, Regasification Capacity (bcf), 2005-2017 67
Table 32:     United Kingdom Underground Gas Storage Key Statistics, May 2013 68
Table 33: United Kingdom Underground Gas Storage Capacity by Company (mmcf), May 2013 68
Table 34: United Kingdom, Underground Working Gas Storage Capacity by Area (mmcf), May 2013 70
Table 35: United Kingdom, Active Underground Gas Storage Capacity (mmcf), May 2013 70
Table 36: United Kingdom, Planned Underground Gas Storage Capacity (mmcf), May 2013 71
Table 37: BP p.l.c., Key Facts 72
Table 38: BP p.l.c., SWOT Analysis 79
Table 39:  Royal Dutch Shell plc, Key Facts 86
Table 40:  Royal Dutch Shell plc, SWOT Analysis 91
Table 41: BG Group plc, Key Facts 97
Table 42: BG Group plc, SWOT Analysis 99
Table 43:  Parkmead To Acquire Lochard Energy For US$22 Million 104
Table 44: Philex Petroleum Acquires Additional 31.82% Stake In Pitkin Petroleum For US$34.8 Million 106
Table 45:Ithaca Energy Completes Acquisition Of Valiant Petroleum For US$459 Million 107
Table 46: EnQuest Britain To Acquire CIECO Energy Affiliates, CIECO Energy (UKCS) And CIECO Energy (CNS), For US$30.5 Million 109
Table 47: Solo Oil Completes Private Placement Of Shares For US$2.3 Million 110
Table 48: Kea Petroleum Completes Private Placement Of Shares For US$4.7 Million 111
Table 49: Northcote Energy Completes Private Placement Of Shares For US$1 Million 112
Table 50: W Resources Completes Private Placement Of Shares For US$1.4 Million 112
Table 51: New World Oil and Gas Completes Private Placement Of Shares For US$9.5 Million 113
Table 52: Vedanta Resources Completes 6% Bonds Offering Due 2019 For US$1.2 Billion 114
Table 53:Vedanta Resources Completes Bonds Offering Of 7.125% Bonds Due 2023 For US$500 Million 115
Table 54: Iofina Completes Private Placement Of 6.5% Bond Due 2015 For US$15 Million 116
Table 55: Sterling Resources Completes Public Offering Of 9% Bond Due 2019 For US$225 Million 117
Table 56: IGas Energy Announces Public Offering Of 10% Bonds Due 2018 For US$165 Million 118
Table 57: Enegi Oil Forms Joint Venture With ABTechnology 119
Table 58: Egdon Resources Awarded UK Southern North Sea License - Blocks 41/18 And 41/19 In 26th UK Seaward  Licensing Round 120
Table 59:Union Jack Oil To Acquire 5% Interest In License PEDL068 Onshore UK From Montrose Industries For US $0.27 Million 121
Table 60:Eden Energy To Sell Coal Seam Methane And Shale Gas Properties In UK To Shale Acquisition For US$15.2 Million 122
Table 61: E.ON E&P To Acquire 25% Interest In Austen Field In UK Central North Sea From GDF SUEZ 123
Table 62: Egdon Resources To Acquire 60% Interest In PEDL209 In UK From Blackland Park And Stelinmatvic Industries 124
Table 63: Addax Petroleum Plans To Acquire Oil And Gas Assets In UK North Sea 125

List of Chart


Figure 1: The United Kingdom, Primary Energy Consumption Split by Fuel Type (%), 2012 10
Figure 2: The United Kingdom, Historical and Forecast Production and Consumption of Natural Gas, 2000-2020 12
Figure 3: The United Kingdom, Historical and Forecast Exports and Imports of Natural Gas bcf, 2000-2020 14
Figure 4: The United Kingdom, Historical Reserves of Natural Gas, tcf, 2000-2012 15
Figure 5: Western Europe, Country Standings, Upstream Fiscal Attractiveness, May 2013 18
Figure 6: Western Europe, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production,  May 2013 20
Figure 7: Western Europe, Country Standings, Gas Sector Performance by Production & Consumption, May 2013 21
Figure 8: Western Europe, Country Standings, Number of Exploration Blocks Awarded, 2008 - 2012 22
Figure 9: Western Europe, Country Standings, Economic Performance, by GDP Growth-FDI Confidence and Production Indices, May 2013 24
Figure 10: Western Europe, Country Standings, Socio-Political Performance, by Exploration Growth-FDI Confidence and Governance Indices, May 2013 26
Figure 11: United Kingdom, Natural Gas Assets Map, May 2013 28
Figure 12: United Kingdom, Marketed Natural Gas Production by Type (%), 2003-2012 29
Figure 13: United Kingdom, Market Share (%) of Key Companies based on Marketed Natural Gas Production by Key Companies, 2012 33
Figure 14: United Kingdom, Number of Gas Discoveries, 2007- 2012 50
Figure 15: United Kingdom, Natural Gas Pipeline Length by Company (Km), May 2013 60
Figure 16: United Kingdom, Total Regasification Capacity (bcf), 2005-2017 66
Figure 17: United Kingdom, Regasification Capacity by Company (bcf), 2005-2017 67
Figure 18: United Kingdom Underground Gas Storage Market share (%) by Company, May 2013 69
Figure 19: United Kingdom, Underground Working Gas Storage Capacity (%) by Area, May 2013 69

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