Marshall Hall

Senior Visiting Research Fellow

Marshall spent 35 years working in and around the European oil and gas industry between 1981 and 2016.  He began his career in oil trading and refining at BP, worked as an oil analyst at the IEA, an equity and commodity analyst at SG Warburg/UBS in the financial sector and then in gas and LNG markets analysis at BG Group until 2013. He then moved to Oil and Gas UK as Energy Policy Manager, dealing principally with EU energy and climate policy and gas market regulation until late 2016.

WP_Query Object
(
    [query] => Array
        (
            [post_type] => publications
            [posts_per_page] => -1
            [meta_query] => Array
                (
                    [0] => Array
                        (
                            [key] => author
                            [value] => 30369
                            [compare] => LIKE
                        )

                )

        )

    [query_vars] => Array
        (
            [post_type] => publications
            [posts_per_page] => -1
            [meta_query] => Array
                (
                    [0] => Array
                        (
                            [key] => author
                            [value] => 30369
                            [compare] => LIKE
                        )

                )

            [error] => 
            [m] => 
            [p] => 0
            [post_parent] => 
            [subpost] => 
            [subpost_id] => 
            [attachment] => 
            [attachment_id] => 0
            [name] => 
            [pagename] => 
            [page_id] => 0
            [second] => 
            [minute] => 
            [hour] => 
            [day] => 0
            [monthnum] => 0
            [year] => 0
            [w] => 0
            [category_name] => 
            [tag] => 
            [cat] => 
            [tag_id] => 
            [author] => 
            [author_name] => 
            [feed] => 
            [tb] => 
            [paged] => 0
            [meta_key] => 
            [meta_value] => 
            [preview] => 
            [s] => 
            [sentence] => 
            [title] => 
            [fields] => 
            [menu_order] => 
            [embed] => 
            [category__in] => Array
                (
                )

            [category__not_in] => Array
                (
                )

            [category__and] => Array
                (
                )

            [post__in] => Array
                (
                )

            [post__not_in] => Array
                (
                )

            [post_name__in] => Array
                (
                )

            [tag__in] => Array
                (
                )

            [tag__not_in] => Array
                (
                )

            [tag__and] => Array
                (
                )

            [tag_slug__in] => Array
                (
                )

            [tag_slug__and] => Array
                (
                )

            [post_parent__in] => Array
                (
                )

            [post_parent__not_in] => Array
                (
                )

            [author__in] => Array
                (
                )

            [author__not_in] => Array
                (
                )

            [ignore_sticky_posts] => 
            [suppress_filters] => 
            [cache_results] => 1
            [update_post_term_cache] => 1
            [lazy_load_term_meta] => 1
            [update_post_meta_cache] => 1
            [nopaging] => 1
            [comments_per_page] => 50
            [no_found_rows] => 
            [order] => DESC
        )

    [tax_query] => WP_Tax_Query Object
        (
            [queries] => Array
                (
                )

            [relation] => AND
            [table_aliases:protected] => Array
                (
                )

            [queried_terms] => Array
                (
                )

            [primary_table] => wp_posts
            [primary_id_column] => ID
        )

    [meta_query] => WP_Meta_Query Object
        (
            [queries] => Array
                (
                    [0] => Array
                        (
                            [key] => author
                            [value] => 30369
                            [compare] => LIKE
                        )

                    [relation] => OR
                )

            [relation] => AND
            [meta_table] => wp_postmeta
            [meta_id_column] => post_id
            [primary_table] => wp_posts
            [primary_id_column] => ID
            [table_aliases:protected] => Array
                (
                    [0] => wp_postmeta
                )

            [clauses:protected] => Array
                (
                    [wp_postmeta] => Array
                        (
                            [key] => author
                            [value] => 30369
                            [compare] => LIKE
                            [compare_key] => =
                            [alias] => wp_postmeta
                            [cast] => CHAR
                        )

                )

            [has_or_relation:protected] => 
        )

    [date_query] => 
    [request] => SELECT   wp_posts.* FROM wp_posts  INNER JOIN wp_postmeta ON ( wp_posts.ID = wp_postmeta.post_id ) WHERE 1=1  AND ( 
  ( wp_postmeta.meta_key = 'author' AND wp_postmeta.meta_value LIKE '{82642d33976559aec19cdf31fd5a9b1698b6178ae7726f32254cdff3b0444c70}30369{82642d33976559aec19cdf31fd5a9b1698b6178ae7726f32254cdff3b0444c70}' )
) AND wp_posts.post_type = 'publications' AND (wp_posts.post_status = 'publish' OR wp_posts.post_status = 'acf-disabled' OR wp_posts.post_status = 'wc-fraud-screen' OR wp_posts.post_status = 'wc-authorised') GROUP BY wp_posts.ID ORDER BY wp_posts.post_date DESC 
    [posts] => Array
        (
            [0] => WP_Post Object
                (
                    [ID] => 34928
                    [post_author] => 111
                    [post_date] => 2020-01-30 14:11:31
                    [post_date_gmt] => 2020-01-30 14:11:31
                    [post_content] => The OIES Natural Gas Quarterly aims to provide a regular insight into the thoughts of Research Fellows on topical issues as well as providing a different angle on trends in global gas pricing. In the pricing section, the Quarterly reviews the LNG Tightness measure, looks at the Russian gas export price to Europe versus the marginal cost of US LNG and also reviews prices on Gazprom’s Electronic Sales Platform (ESP). In Asia we compare the Japanese LNG import price with the LNG spot price and also look at Chinese domestic prices compared with JKM.

The Quarterly also outline our views on the Key Themes for 2020, including thoughts from Mike Fulwood on LNG project FIDs and how developers may need to accelerate plans if they are not going to miss the next window of opportunity in the mid-2020s. Mike Fulwood and Jack Sharples then question the availability of LNG for Europe and ask whether sufficient storage will be available to take all the possible supply. Anouk Honore then looks at a possible cause for optimism for European gas demand, highlighting key legislation that should be passed in 2020 concerning coal phase out in Germany. Continuing the European theme, Marshall Hall discusses likely further progress this year in the transformation of the Dutch gas market, while James Henderson considers the increasing diversity of Russian gas export flows via pipeline and LNG. Jack Sharples develops the theme of Russian gas exports further, suggesting that the Gazprom ESP can provide further evidence concerning the company’s export strategy in 2020. On a different, but still European, theme Anouk Honoré considers the potential impact of the new EU Green Deal and considers how it could be developed further during the year with potentially long-lasting consequences for the energy system. Martin Lambert then suggests that 2020 could be the year when we start to see more active progress in decarbonisation outside Europe, with Australia, Japan and even the US highlighted as possible sources of technology development and practical action in the decarbonisation of the gas sector. Michal Median then outlines her view on the outlook for the Chinese gas sector in 2020, suggesting that coal to gas switching could regain some momentum and that LNG could benefit as a result. Finally, Patrick Heather looks at the emergence of the JKM price marker as a benchmark for gas prices in Asia and suggests that further progress could be made this year towards it becoming the pre-eminent pricing tool in the region.

 
                    [post_title] => Quarterly Gas Review - Issue 8
                    [post_excerpt] => 
                    [post_status] => publish
                    [comment_status] => closed
                    [ping_status] => closed
                    [post_password] => 
                    [post_name] => quarterly-gas-review-issue-8
                    [to_ping] => 
                    [pinged] => 
                    [post_modified] => 2020-01-30 14:11:31
                    [post_modified_gmt] => 2020-01-30 14:11:31
                    [post_content_filtered] => 
                    [post_parent] => 0
                    [guid] => https://www.oxfordenergy.org/?post_type=publications&p=34928
                    [menu_order] => 0
                    [post_type] => publications
                    [post_mime_type] => 
                    [comment_count] => 0
                    [filter] => raw
                )

            [1] => WP_Post Object
                (
                    [ID] => 31762
                    [post_author] => 111
                    [post_date] => 2019-07-19 10:30:24
                    [post_date_gmt] => 2019-07-19 09:30:24
                    [post_content] => The decline in indigenous gas production in Europe is an important issue as the region struggles to address its security of supply issues. Understanding the future of gas output is therefore of critical importance and having first addressed the future of the Norwegian Continental Shelf Marshall Hall now turns his attention to the UKCS. In this detailed and informative paper he not only provides an assessment of the resources still available in UK waters and the economics of their production, but also assesses regulatory issues and government policy that could promote increased output in future. He analyses projections of future UK gas production and provides important context for the assessment of the UK’s offshore gas potential. At a time when gas continues to play a vital role in the country’s energy mix, especially as coal is phased out, we believe that this paper is an important contribution to the debate around the future of gas in the UK.
                    [post_title] => Gas Production from the UK Continental Shelf: An Assessment of Resources, Economics and Regulatory Reform
                    [post_excerpt] => 
                    [post_status] => publish
                    [comment_status] => closed
                    [ping_status] => closed
                    [post_password] => 
                    [post_name] => gas-production-from-the-uk-continental-shelf-an-assessment-of-resources-economics-and-regulatory-reform
                    [to_ping] => 
                    [pinged] => 
                    [post_modified] => 2019-07-19 10:30:11
                    [post_modified_gmt] => 2019-07-19 09:30:11
                    [post_content_filtered] => 
                    [post_parent] => 0
                    [guid] => https://www.oxfordenergy.org/?post_type=publications&p=31762
                    [menu_order] => 0
                    [post_type] => publications
                    [post_mime_type] => 
                    [comment_count] => 0
                    [filter] => raw
                )

            [2] => WP_Post Object
                (
                    [ID] => 30909
                    [post_author] => 111
                    [post_date] => 2018-03-07 10:20:11
                    [post_date_gmt] => 2018-03-07 10:20:11
                    [post_content] => Norwegian net gas production reached a record high of 122 bcm in 2017, confounding many industry observers who had in 2016 and 2017 been sceptical of the ability of the Norwegian Continental Shelf (NCS) to maintain production at 110-115 bcm.  In January 2018, the Norwegian Petroleum Directorate (NPD) made significant upward revisions to its gas production projections which now show output of 121-123 bcm pa from 2018 to 2022, declining to 112 bcm in 2025 and then stabilising at 90-92 bcm pa in 2030-35. This paper examines the reliability of the NPD’s past projections and the plausibility of its updated projections based on published resource data, exploration activity, the capacity of onshore and offshore gas infrastructure, the demand for gas for improved oil recovery and published field development plans.  It concludes that the recent revisions reflect a confident appraisal of the resource base and the numerous options for new gas development of existing fields and discoveries. The risk of failing to meet the updated projections to about 2027 appears to be low.  Beyond 2027, the projections carry a progressively higher degree of geological, economic and political risk particularly in light of the recent lack of exploration success.  By 2035, 30 bcm of the projected 90 bcm of annual gas production is expected to come from currently undiscovered resources. The visibility of future gas production has diminished in recent years because of the reduction in future delivery commitments in Statoil’s gas sales portfolio. However, the reform of its gas sales since 2010 has conferred valuable new flexibility in future upstream investment decisions to develop and market NCS gas resources. The position of Norway as a reliable and competitive supplier of both contracted and flexible gas to NW Europe appears to be secure for the foreseeable future.
                    [post_title] => Norwegian Gas Exports - Assessment of Resources and Supply to 2035
                    [post_excerpt] => 
                    [post_status] => publish
                    [comment_status] => closed
                    [ping_status] => closed
                    [post_password] => 
                    [post_name] => norwegian-gas-exports-assessment-resources-supply-2035
                    [to_ping] => 
                    [pinged] => 
                    [post_modified] => 2018-03-07 10:20:11
                    [post_modified_gmt] => 2018-03-07 10:20:11
                    [post_content_filtered] => 
                    [post_parent] => 0
                    [guid] => https://www.oxfordenergy.org/?post_type=publications&p=30909
                    [menu_order] => 0
                    [post_type] => publications
                    [post_mime_type] => 
                    [comment_count] => 0
                    [filter] => raw
                )

        )

    [post_count] => 3
    [current_post] => -1
    [in_the_loop] => 
    [post] => WP_Post Object
        (
            [ID] => 34928
            [post_author] => 111
            [post_date] => 2020-01-30 14:11:31
            [post_date_gmt] => 2020-01-30 14:11:31
            [post_content] => The OIES Natural Gas Quarterly aims to provide a regular insight into the thoughts of Research Fellows on topical issues as well as providing a different angle on trends in global gas pricing. In the pricing section, the Quarterly reviews the LNG Tightness measure, looks at the Russian gas export price to Europe versus the marginal cost of US LNG and also reviews prices on Gazprom’s Electronic Sales Platform (ESP). In Asia we compare the Japanese LNG import price with the LNG spot price and also look at Chinese domestic prices compared with JKM.

The Quarterly also outline our views on the Key Themes for 2020, including thoughts from Mike Fulwood on LNG project FIDs and how developers may need to accelerate plans if they are not going to miss the next window of opportunity in the mid-2020s. Mike Fulwood and Jack Sharples then question the availability of LNG for Europe and ask whether sufficient storage will be available to take all the possible supply. Anouk Honore then looks at a possible cause for optimism for European gas demand, highlighting key legislation that should be passed in 2020 concerning coal phase out in Germany. Continuing the European theme, Marshall Hall discusses likely further progress this year in the transformation of the Dutch gas market, while James Henderson considers the increasing diversity of Russian gas export flows via pipeline and LNG. Jack Sharples develops the theme of Russian gas exports further, suggesting that the Gazprom ESP can provide further evidence concerning the company’s export strategy in 2020. On a different, but still European, theme Anouk Honoré considers the potential impact of the new EU Green Deal and considers how it could be developed further during the year with potentially long-lasting consequences for the energy system. Martin Lambert then suggests that 2020 could be the year when we start to see more active progress in decarbonisation outside Europe, with Australia, Japan and even the US highlighted as possible sources of technology development and practical action in the decarbonisation of the gas sector. Michal Median then outlines her view on the outlook for the Chinese gas sector in 2020, suggesting that coal to gas switching could regain some momentum and that LNG could benefit as a result. Finally, Patrick Heather looks at the emergence of the JKM price marker as a benchmark for gas prices in Asia and suggests that further progress could be made this year towards it becoming the pre-eminent pricing tool in the region.

 
            [post_title] => Quarterly Gas Review - Issue 8
            [post_excerpt] => 
            [post_status] => publish
            [comment_status] => closed
            [ping_status] => closed
            [post_password] => 
            [post_name] => quarterly-gas-review-issue-8
            [to_ping] => 
            [pinged] => 
            [post_modified] => 2020-01-30 14:11:31
            [post_modified_gmt] => 2020-01-30 14:11:31
            [post_content_filtered] => 
            [post_parent] => 0
            [guid] => https://www.oxfordenergy.org/?post_type=publications&p=34928
            [menu_order] => 0
            [post_type] => publications
            [post_mime_type] => 
            [comment_count] => 0
            [filter] => raw
        )

    [comment_count] => 0
    [current_comment] => -1
    [found_posts] => 3
    [max_num_pages] => 0
    [max_num_comment_pages] => 0
    [is_single] => 
    [is_preview] => 
    [is_page] => 
    [is_archive] => 1
    [is_date] => 
    [is_year] => 
    [is_month] => 
    [is_day] => 
    [is_time] => 
    [is_author] => 
    [is_category] => 
    [is_tag] => 
    [is_tax] => 
    [is_search] => 
    [is_feed] => 
    [is_comment_feed] => 
    [is_trackback] => 
    [is_home] => 
    [is_privacy_policy] => 
    [is_404] => 
    [is_embed] => 
    [is_paged] => 
    [is_admin] => 
    [is_attachment] => 
    [is_singular] => 
    [is_robots] => 
    [is_favicon] => 
    [is_posts_page] => 
    [is_post_type_archive] => 1
    [query_vars_hash:WP_Query:private] => ac501917fcdcdaf1961bbe5ff3031857
    [query_vars_changed:WP_Query:private] => 
    [thumbnails_cached] => 
    [stopwords:WP_Query:private] => 
    [compat_fields:WP_Query:private] => Array
        (
            [0] => query_vars_hash
            [1] => query_vars_changed
        )

    [compat_methods:WP_Query:private] => Array
        (
            [0] => init_query_flags
            [1] => parse_tax_query
        )

)

Latest Publications by Marshall Hall