In the News: Greg Herrera shares his insights into 2019 market trends and 2020 predictions
Senior Partner at EV Private Equity, Greg Herrera, recently spoke to Energy Voice to share his opinion on the oil and gas industry trends that shaped 2019, and provided his predictions for 2020 market activity.
In particular, he discussed the resurgence of the international offshore industry against the force of US shale, as well as the emerging macro trends of 2019 such as transformational technologies, the growing requirement to integrate Environmental Social and Governance factors into all aspects of business, and the rapid emergence of net zero carbon strategies as part of energy transition.
He went on to discuss why new technologies need to be adopted to satisfy global demand, and their impact, which included opportunities for well intervention and enhanced recovery factors, and the future looking trends that will create pressure on global supply and demand.
For EVPE, 2019 has been a year of growth as we have continued to invest in our own business and formed strategic partnerships with many innovative companies with a strong foothold in the international energy sector. Looking ahead into 2020, we are looking forward to building on our portfolio of successful businesses and forming exciting new investment opportunities.