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The United Kingdom Gas Markets, 2010

Published By :

GlobalData

Published Date : Apr 2010

Category :

Natural Gas

No. of Pages : 157 Pages


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, 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 1996-2020.
  • 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 2000-2013.
  • 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 Kingdoms 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 countrys 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 competitors 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 2
1.1 List of Tables 8
1.2 List of Figures 10

2 United Kingdom Energy Sector 11
2.1 United Kingdom Energy Sector, Market Overview 11
2.2 United Kingdom Energy Sector, Natural Gas 12
2.2.1 United Kingdom Natural Gas, Overview 12
2.2.2 United Kingdom Natural Gas, Supply and Demand Balance 12
2.2.3 United Kingdom Natural Gas, Regulatory Structure 18
2.2.4 United Kingdom Natural Gas, Infrastructure 18

3 The United Kingdom Gas Upstream Investment Environment Benchmarking 20
3.1 Introduction 20
3.2 The Overall Ranking 20
3.3 Upstream Fiscal Attractiveness 21
3.3.1 Maximum Government Take Index 22
3.3.2 Maximum State Participation 23
3.4 Gas Sector Performance 23
3.4.1 Exploration Activity 25
3.4.2 Gas Production 26
3.4.3 Gas Reserves 26
3.4.4 Gas Consumption 27
3.5 Economic Performance 27
3.5.1 GDP Growth Index 29
3.5.2 FDI Confidence Index 29
3.5.3 Balance of Trade Index 29
3.6 Socio-Political Performance 29
3.6.1 Democracy Index 31
3.6.2 Governance Index 31

4 United Kingdom Exploration and Production Sector 32
4.1 United Kingdom Exploration and Production Sector, Country Snapshot 32
4.1.1 United Kingdom Exploration and Production Sector, Key Data 32
4.1.2 United Kingdom, Exploration And Production Sector, Assets Map 32
4.2 United Kingdom Exploration and Production Sector, Marketed Natural Gas Production 33
4.2.1 United Kingdom Exploration and Production Sector, Total Marketed Natural Gas-Historical Production 33
4.2.2 United Kingdom Exploration and Production Sector, Marketed Natural Gas-Historical Production by Type 34
4.2.3 United Kingdom Exploration and Production Sector, Marketed Natural Gas Production by Assets 35
4.2.4 United Kingdom Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 38
4.2.5 United Kingdom Exploration and Production Sector, Market Share based on Marketed Natural Gas Production 39
4.3 United Kingdom Exploration and Production Sector, Marketed Natural Gas Forecasts 40
4.3.1 United Kingdom Exploration and Production Sector, Marketed Natural Gas Forecasted Production 40
4.3.2 United Kingdom Exploration and Production Sector, Gross Revenue Forecast 42
4.3.3 United Kingdom Exploration and Production Sector, Government Take Forecast 45
4.3.4 United Kingdom Exploration and Production Sector, Contractor Take Forecast 47
4.4 United Kingdom Exploration And Production Sector, Natural Gas Asset Details 50
4.4.1 United Kingdom Exploration And Production Sector, Active Natural Gas Asset Details 50
4.5 United Kingdom Exploration and Production Sector, Major Gas Discoveries 54
4.5.1 United Kingdom Exploration and Production Sector, Number of Gas Discoveries, 2004-2009 54
4.5.2 United Kingdom Exploration And Production Sector, Gas Discovery Details 55
4.6 Italy Exploration and Production Sector, Recent Discoveries 56
4.6.1 Mar 29, 2010: Desire Petroleum Finds Hydrocarbons At Liz 14/19-1 Well In North Falklands Basin, UK 56
4.7 Italy Exploration and Production Sector, Drilling and Production Updates 56
4.7.1 Mar 24, 2010: Magellan Petroleum Provides UK Drilling Update 56
4.7.2 Mar 22, 2010: Key Petroleum Updates On Brockham Oilfield Production In UK 56
4.7.3 Mar 12, 2010: Nautical Petroleum Signs Catcher Rig Agreement In UK 57
4.7.4 Mar 11, 2010: Global Energy Announces Three Year Plan To Increase Its Production Volumes 58
4.7.5 Mar 08, 2010: Valiant Petroleum Concludes Phase One Development At Don Fields In Uk 58

5 United Kingdom FPSO Sector 60
5.1 United Kingdom FPSO Industry, FPSO Capacity Details by Vessel 60
5.2 United Kingdom FPSO Industry, FPSO Vessel Specifications 61

6 United Kingdom Pipeline Sector 62
6.1 United Kingdom Pipeline Sector, Key Data 62
6.2 United Kingdom Pipeline Sector, An Overview 62
6.3 United Kingdom Pipeline Sector, Comparision of Key Natural Gas Pipeline Companies 62
6.4 United Kingdom Pipeline Sector, Natural Gas Pipelines 64

7 United Kingdom LNG Sector 68
7.1 United Kingdom LNG Sector, Key Data 68
7.2 United Kingdom LNG Sector, Regasification 68
7.2.1 United Kingdom LNG Sector, Regasification, Total Regasification Capacity 68
7.2.2 United Kingdom LNG Sector, Regasification, Capacity-Wise Market Share By Company 69
7.2.3 United Kingdom LNG Sector, Regasification, Asset Wise Capacity 71
7.3 United Kingdom LNG Sector, Contracted Vs. Non-Contracted Capacity, 2000-2015 71

8 United Kingdom Undergound Gas Storage Sector 72
8.1 United Kingdom Underground Gas Storage Sector, Key Data 72
8.2 United Kingdom Underground Gas Storage Sector, An Overview 72
8.3 United Kingdom Underground Gas Storage Sector, Market Share By Company 72
8.4 United Kingdom Underground Gas Storage Industry 74
8.4.1 Underground Gas Storage Industry in United Kingdom, Storage Capacity by Area, 2009 74
8.4.2 United Kingdom, Underground Gas Storage Sector, Storage Capacity of Active Terminals 75
8.4.3 United Kingdom Underground Gas Storage Sector, Storage Capacity of Planned Terminals 76

9 Profile of BP p.l.c. 77
9.1 BP p.l.c., Key Information 77
9.2 BP p.l.c., Company Overview 77
9.3 BP p.l.c., Business Description 77
9.3.1 Business Overview 77
9.3.2 Exploration and Production 78
9.3.3 Other Businesses and Corporate Segment 80
9.3.4 Refining and Marketing 81
9.4 BP p.l.c., SWOT Analysis 83
9.4.1 Overview 83
9.4.2 BP p.l.c. Strengths 84
9.4.3 BP p.l.c. Weaknesses 85
9.4.4 BP p.l.c. Opportunities 86
9.4.5 BP p.l.c. Threats 87

10 Profile of Royal Dutch Shell plc 89
10.1 Royal Dutch Shell plc, Key Information 89
10.2 Royal Dutch Shell plc, Company Overview 89
10.3 Royal Dutch Shell plc, Business Description 89
10.3.1 Business Overview 89
10.3.2 Chemicals 90
10.3.3 Corporate 91
10.3.4 Exploration and Production 92
10.3.5 Gas and Power 95
10.3.6 Oil Products 96
10.3.7 Oil Sands 98
10.4 Royal Dutch Shell plc, SWOT Analysis 99
10.4.1 Overview 99
10.4.2 Royal Dutch Shell plc Strengths 100
10.4.3 Royal Dutch Shell plc Weaknesses 102
10.4.4 Royal Dutch Shell plc Opportunities 102
10.4.5 Royal Dutch Shell plc Threats 104

11 Profile of BG Group plc 106
11.1 BG Group plc, Key Information 106
11.2 BG Group plc, Company Overview 106
11.3 BG Group plc, Business Description 106
11.3.1 Business Overview 106
11.3.2 Exploration and Production 107
11.3.3 Exploration and Production 109
11.3.4 Liquefied Natural Gas 111
11.3.5 Power Generation 113
11.3.6 Transmission and Distribution 114
11.4 BG Group plc, SWOT Analysis 115
11.4.1 Overview 115
11.4.2 BG Group plc Strengths 116
11.4.3 BG Group plc Weaknesses 117
11.4.4 BG Group plc Opportunities 118
11.4.5 BG Group plc Threats 118

12 Financial Deals Landscape 120
12.1 Detailed Deal Summary 120
12.1.1 Acquisition 120
12.1.2 Private Equity 123
12.1.3 Equity Offerings 124
12.1.4 Debt Offerings 132
12.1.5 Asset Transactions 133

13 Recent Developments 141
13.1 License Rounds 141
13.1.1 Jan 27, 2010: UK Launches 26th Licensing Round For Offshore Oil And Gas Industries 141
13.2 License Awards 142
13.2.1 Mar 19, 2010: Total, DONG Energy Receive Approval To Develop North Sea Laggan And Tormore Gas Fields In UK 142
13.2.2 Mar 05, 2010: Alamo Energy Receives DECC Approval To Become Exploration Operator In UK Blocks 143
13.3 Strategy and Business Expansion 144
13.3.1 Mar 17, 2010: DONG Energy And Total To Develop Laggan-Tormore Fields In Great Britain 144
13.3.2 Mar 15, 2010: Endeavour International Announces Strategic Alternative Review For Its North Sea Assets 145
13.4 Other Significant Developments 146
13.4.1 Mar 31, 2010: Xtract Energy Non-Executive Director John Conlon Resigns 146
13.4.2 Mar 30, 2010: JKX Oil & Gas Provides Operations Update 146
13.4.3 Mar 29, 2010: Ithaca Energy To Conduct Drill Stem Test On 30/6a-8 Well In UK 149
13.4.4 Mar 25, 2010: Ithaca Energy Appoints Graham Forbes As CFO 150
13.4.5 Mar 24, 2010: Afren Appoints Darra Comyn As Executive Director 150
13.4.6 Mar 23, 2010: Infrastrata Submits Plans For Islandmagee Gas Storage Project 151
13.5 New Contracts Announcements 152
13.5.1 Mar 23, 2010: Jacobs Engineering Wins Gas Plant Infrastructure Project From Storengy 152

14 Appendix 153
14.1 Methodology 153
14.1.1 Coverage 154
14.1.2 Secondary Research 155
14.1.3 Primary Research 155
14.1.4 Midstream Forecasts 155
14.1.5 Expert Panel Validation 155
14.2 Contact Us 156
14.3 About GlobalData 156
14.4 Disclaimer 157


List of Table


Table 1: United Kingdom, Historical and Forecasted Production and Consumption of Natural Gas (Bcf), 1996-2020 13
Table 2: United Kingdom, Historical and Forecasted Exports and Imports of Natural Gas (Bcf), 1996-2020 15
Table 3: United Kingdom, Historical Reserves of Natural Gas (Bcf), 1996-2009 17
Table 4: Western Europe, Investment Benchmarking, Overall Country Rankings, March 2010 20
Table 5: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, March 2010 21
Table 6: Western Europe, Investment Benchmarking, Gas Sector Performance, March 2010 23
Table 7: Western Europe, Investment Benchmarking, Economic Performance, March 2010 27
Table 8: Western Europe, Country Standings, Economic Performance, March 2010 28
Table 9: Western Europe, Investment Benchmarking, Socio-Political Performance, March 2010 30
Table 10: Western Europe, Country Standings, Socio-Political Performance, March 2010 30
Table 11: United Kingdom, Natural Gas Key Statistics, 2009 32
Table 12: United Kingdom, Total Marketed Natural Gas Production (MMcf), 2002-2009 33
Table 13: United Kingdom, Marketed Natural Gas Production by Type (MMcf), 2002-2009 34
Table 14: United Kingdom, Marketed Natural Gas Production by Assets, 2002-2009 35
Table 15: United Kingdom, Marketed Natural Gas Production by Assets, 2002- 2009 (Contd1) 36
Table 16: United Kingdom, Marketed Natural Gas Production by Assets, 2002- 2009 (Contd2) 37
Table 17: United Kingdom, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009 38
Table 18: United Kingdom, Market Share (%) based on Marketed Natural Gas Production, 2002-2009 39
Table 19: United Kingdom, Marketed Natural Gas Production (MMcf), Forecast by Assets, 2010-2015 40
Table 20: United Kingdom, Forecasted Assets-wise Gross Revenue (000'$), 2010-2015 42
Table 21: United Kingdom, Projected Assets-wise Total Government Take (000'$), 2010-2015 45
Table 22: United Kingdom, Projected Assets-wise Total Contractor Take (000'$), 2010-2015 47
Table 23: United Kingdom, Active Gas Field Asset Details 50
Table 24: United Kingdom, Active Gas Field Asset Details (Contd1) 51
Table 25: United Kingdom, Active Gas Field Asset Details (Contd2) 52
Table 26: United Kingdom, Active Gas Field Asset Details (Contd3) 53
Table 27: United Kingdom, Number of Gas Discoveries, 2004- 2009 54
Table 28: United Kingdom, Gas Discovery Details, 2004-2009 55
Table 29: United Kingdom FPSO Industry, FPSO Oil and Gas Production Capacities, 2009 60
Table 30: United Kingdom FPSO Industry, FPSO Vessel Specifications, 2009 61
Table 31: United Kingdom, Pipeline Key Statistics, 2009 62
Table 32: United Kingdom, Natural Gas Pipeline Length by Company (Km), 2009 62
Table 33: United Kingdom, Natural Gas Pipelines, 2009 64
Table 34: United Kingdom, Natural Gas Pipelines, 2009 (Contd.1) 65
Table 35: United Kingdom, Natural Gas Pipelines, 2009 (Contd.2) 66
Table 36: United Kingdom, Natural Gas Pipelines, 2009 (Contd.3) 67
Table 37: United Kingdom LNG Key Statistics, 2009 68
Table 38: United Kingdom, Total Regasification Capacity (Bcf), 2000-2015 68
Table 39: United Kingdom, Regasification Capacity, Company-wise (Bcf), 2000-2015 69
Table 40: United Kingdom, Regasification Capacity (Bcf), 2000-2015 71
Table 41: United Kingdom LNG Sector, Contracted and Non-Contracted Capacities (Million Tonnes), 2000-2015 71
Table 42: United Kingdom Underground Gas Storage Key Statistics, 2009 72
Table 43: United Kingdom Underground Gas Storage Capacity by Company (MMcf), 2009 72
Table 44: United Kingdom, Underground Working Gas Storage Capacity by Area (MMcf), 2009 74
Table 45: United Kingdom, Active Underground Gas Storage Capacity (MMcf), 2009 75
Table 46: United Kingdom, Planned Underground Gas Storage Capacity (MMcf), 2009 76
Table 47: BP p.l.c., Key Facts 77
Table 48: BP p.l.c., SWOT Analysis 84
Table 49: Royal Dutch Shell plc, Key Facts 89
Table 50: Royal Dutch Shell plc, SWOT Analysis 100
Table 51: BG Group plc, Key Facts 106
Table 52: BG Group plc, SWOT Analysis 116
Table 53: Rheochem Acquires Remaining 50% Interest in Zeus Petroleum 120
Table 54: Valiant Petroleum To Acquire Antrim Causeway 121
Table 55: Incitive Acquires 100% Stake In Hawkley Oil & Gas 122
Table 56: Riverstone Holdings Invests $58 Million In Cuadrilla Resources 123
Table 57: BPC Announces Private Placement Of $3.59 Million 124
Table 58: Cove Energy Completes Private Placement Of $38.63 Million 125
Table 59: Gulf Keystone Petroleum Completes Private Placement Of $24.11 Million 126
Table 60: Victoria Oil & Gas Completes Private Placement Of $21.54 Million 127
Table 61: Hurricane Exploration Completes Private Placement Of $80.98 Million 128
Table 62: Xcite Energy Prices Its Public Offering For $37.14 Million 129
Table 63: Aurelian Oil & Gas Completes Private Placement Of Shares For $48.96 Million 130
Table 64: Rockhopper Corporation Completes Private Placment Of $0.74 Million 131
Table 65: Gasol Completes Debt Financing Of $1.59 Million 132
Table 66: Antrim Energy To Sell 30% Stake In Its Causeway Development Field 133
Table 67: Challenger Minerals Signs Farm-In Agreement With Xcite Energy Resources 134
Table 68: Maersk Oil Enters Into Farm-In Agreement With Ithaca Energy 135
Table 69: Wintershall Plans To Sell Part Of It's 35% Interest In License P1606, Orlando Discovery 136
Table 70: Wintershall Plans To Sell Part Of Its 100% Interest In License P1562 And P1619, Blakeney Prospect 137
Table 71: Wintershall Plans To Acquire 20% Interest In UKCS License P.1303, Volante Prospect 138
Table 72: Egdon Resources To Farm-Out 10% Interest In Licenses PEDL118 And PEDL203 To Angus Energy 139
Table 73: Agora Oil & Gas Enters Into Farm-In Agreement With Serica Energy 140

List of Chart


Figure 1: United Kingdom, Energy Sector Break-Up, 2009 12
Figure 2: United Kingdom, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020 14
Figure 3: United Kingdom, Natural Gas Imports and Exports, Billion Cubic Feet, 1996-2020 16
Figure 4: United Kingdom, Historical Reserves of Natural Gas (Bcf), 1996-2009 17
Figure 5: Western Europe, Country Standings, Upstream Fiscal Attractiveness, March 2010 22
Figure 6: Western Europe, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, March 2010 24
Figure 7: Western Europe, Country Standings, Gas Sector Performance, by Production & Consumption, March 2010 25
Figure 8: Western Europe, Country Standings, Exploration Blocks Awarded, March 2010 26
Figure 9: Western Europe, Country Standings, Economic Performance, March 2010 28
Figure 10: Western Europe, Country Standings, Socio-Political Performance, March 2010 31
Figure 11: United Kingdom, Natural Gas Assets Map, 2009 32
Figure 12: United Kingdom, Total Marketed Natural Gas Production (MMcf), 2002-2009 33
Figure 13: United Kingdom, Marketed Natural Gas Production by Type (MMcf), 2002-2009 34
Figure 14: United Kingdom, Marketed Equity Weighted Natural Gas Production (MMcf) by Company, 2002-2009 38
Figure 15: United Kingdom, Market Share (%) based on Marketed Natural Gas Production, 2009 39
Figure 16: United Kingdom, Number of Gas Discoveries, 2004- 2009 54
Figure 17: United Kingdom, Natural Gas Pipeline Length by Company (Km), 2009 63
Figure 18: United Kingdom, Total Regasification Capacity (Bcf), 2000-2015 69
Figure 19: United Kingdom, Regasification Capacity by Company (Bcf), 2000-2015 70
Figure 20: United Kingdom Underground Gas Storage Market share by Company (%), 2009 73
Figure 21: United Kingdom, Underground Working Gas Storage Capacity by Area (%), 2009 74
Figure 22: GlobalData Methodology 154

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