"Strong 1Q results for oilfield service sector set the tone for 2018"
The ‘Big Three’ oilfield service giants – Schlumberger, Halliburton and BHGE – have kicked off the earnings season by reporting a collective 15% growth in revenues for the first quarter compared to the same period last year, much in line with Rystad Energy’s projection of substantial growth this year for the sector.
"Subsea 7 aims to assume the SURF throne through acquisition of McDermott"
Subsea 7’s attempt to acquire rival contractor McDermott could create a powerful new entity in the global market for subsea umbilicals, risers and flowlines (SURF), giving it a best-in-class market share of 24%, according to research and analysis by Rystad Energy.
"US oilfield services have more to lose compared to Chinese peers during current trade tensions"
US and Chinese based oil & gas steel fabricators have been some of the first companies within the industry to be impacted by the countries playing high-stakes poker through targeted tariffs, Rystad Energy research shows.
"China’s promise to cut tariffs and open economy allows several US producers to breathe easier"
During his speech Tuesday at the Boao Forum, Chinese President Xi Jinping gave reassuring words to help calm tariff tensions with the US. Xi’s commitment to cut tariffs and open the economy could be a first step in drawing more interest from foreign investment. Rystad Energy estimates that US-headquartered E&P companies have 75,000 barrels a day of crude oil production and 200 million cubic feet a day of gas coming from China.
"Radical turnaround in utility-scale solar economics in Australia"
The Australian renewables sector is experiencing a remarkable year. A massive spike in project commissioning activity; enough new committed production to meet the Renewable Energy Target (RET); and intense engineering, procurement and construction (EPC) competition are radically reshaping the industry.
"Updates from the supply side: Pumping and Sand"
Rystad Energy observes that pumping horsepower and sand supply are both tight in certain regions of the United States. However, that tightness is likely to be temporary as both pumping horsepower and sand supply will see significant additions in the second half of 2018.
"Offshore comeback means more people needed in subsea engineering"
Falling subsea engineering employee numbers have been the reality over the last four years. However, with the cost cuts E&P companies made during the downturn coupled with the recent increase in the price of oil, we see a number of offshore projects in the pipeline. This will require a significant amount of personnel to re-enter the subsea engineering industry.
"Russia and CIS oil production growth to slow down"
Russia’s oil production is expected to show growth until 2020, while other key CIS countries are expected to produce at stable levels in the medium term. While the region’s discovered oil resources are significant, these will take time and substantial investments to develop.
"Rystad Energy Gas Market Analytics launch"
Rystad Energy announced the launch of Gas Market Analytics, offering comprehensive and fact-based analysis of global gas market fundamentals. This includes insight into the impact of North American shale production on local natural gas output, declining imports into the Japanese market, tightening medium-term LNG supply, and converging gas price forecasts for major gas markets, among others.
"New tagline reflects Rystad Energy`s expansion into renewable energy"
Rystad Energy introduced their new corporate slogan: Rystad Energy - Your Energy Knowledge House. The new tagline reflects the company`s product and consulting expansion into the renewable energy market. Rystad Energy has built its reputation on being a leading independent oil and gas consulting services and business intelligence data firm and has commenced offering similar services for the renewable energy sector globally.
RYSTAD ENERGY ANALYTICS
Rystad Energy announced the official launch of Rystad Energy Analytics – a universe of ready-made and timely reports, commentaries and factsheets for vital segments of the energy industry. Read more
Powered by Rystad Energy’s comprehensive proprietary databases and prepared by research expert groups, all reports from Rystad Energy Analytics offer an A-to-Z overview with projections for vital segments across the energy industry: