Hey 2017 – get you. Straight out of the box and it’s delivered some prestantious news, in the form of a Wood Mackenzie report. We don’t know how you feel, but we can’t get enough of the phrase: “The global investment cycle will show the first signs of growth in 2017, bring the crushing two-year investment slump to a close. ” With its author Malcolm Dickson swiftly becoming our Man of the Month, let’s look more closely at what WoodMac’s predicting. “Companies will get more bang for their buck,” reckons the company’s principal analyst for upstream oil and gas. “Development incremental internal rates of return will jump from 9 percent to 16 percent, comparing 2014 to 2017.” Ironically, this is partially brought about by the fact that companies have swung from the mega-projects when they were flush to simpler incremental options, with WoodMac highlighting projects in the Canadian oil […]