In-Depth Reports

The Brent Marker: Future Prospects

Consilience/ Deloitte – March 2014

This report, produced by Consilience, takes a look at the decline in production of the four blends that comprise the BFOE basket (Brent, Forties, Oseberg and Ekofisk). Using field production data compiled by Deloitte LLP, Consilience has been able to analyse the production forecasts of all the major blends in the North Sea, Brent, Forties, Oseberg and Ekofisk (“BFOE”) – including the production from future fields that have not yet come on-stream. This process has allowed Consilience to take a view on what, if anything, can be done to secure Brent’s role as a price benchmark out to 2020.

Within this study Consilience considers:

–  The future volumes of North Sea production.

–  The future of the Brent Benchmark out to 2020.

  The decision making process behind the benchmark.

 

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Delivering Copenhagen

City of London/London Accord/CEAG Report – November 2009

Published by the City of London and supported by the London Accord, this CEAG paper has been prepared for delivery at the December 2009 Copenhagen Conference of Parties to the UN Framework Convention on Climate Change. In the run up to Copenhagen the regulatory ground has rarely been less stable. Financial ingenuity on the other hand is alive and well and living in the City of London.

This paper considers some of the innovative financial instruments available to aid investment in climate change mitigation and adaptation:

  • The role of ‘trade’ in cap-and-trade;
  • Index-linked carbon bonds;
  • A range of forestry products and weather derivatives
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