April 2019 UPDATE

UPCOMING EVENTS

Breakfast Session Stavanger
May 2, 2019
Stavanger, Norway
For more information,
please click here

Information Session Moscow
May 22, 2019
Moscow, Russia
For more information,
please click here

12th annual Sub-Saharan Africa Oil/Gas Conference
May 2, 2019
Houston, United States
For more information,
please click here

Marine Money's Houston Offshore Finance Forum
May 8, 2019
Houston, United States
For more information,
please click here

Flame 2019
May 13-15, 2019
Amsterdam, Netherlands
For more information,
please click here

Arctic Oil & Gas 2019
May 21-22, 2019
London, United Kingdom
For more information,
please click here

APPEA 2019 Conference & Exhibition
May 27, 2019
Brisbane, Australia
For more information,
please click here

FPSO Brazil Congress 2019
May 28, 2019
Rio de Janeiro, Brazil
For more information,
please click here


OTC 2019
Norwegian Pavilion, Booth #4151
May 6-9, 2019
Houston, United States

Join Rystad Energy to meet our market leading experts and experience our newest Subsea product at this year’s Offshore Technology Conference. We look forward to seeing you there.

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UPCOMING
WEBINARS

Rystad Energy Oilfield Service Webinar
Content webinar
May 15, 2019

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LAST BUT NOT LEAST

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INDUSTRY VIEW

"New wells drilled to the moon and back by 2023"
Rystad Energy forecasts that more than 1 million kilometers of new oil and gas wells will be drilled over the next five years.
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"Chevron takes the lead in Gulf of Mexico"
With the Chevron-Anadarko and Murphy-LLOG transaction, the ranking table of the largest Gulf of Mexico producers may change. Combined Chevron-Anadarko will be the largest producer in the region, at just above 400 kboe/d. Murphy oil joins the Top 10 list with the LLOG transaction, combined they will produce around 85 kboe/d.
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"Saudi Arabia and allies can replace lost Iranian oil"
The US said on Monday that it won’t extend the sanctions waivers for eight countries importing crude oil from Iran. The move could remove around 1.1 million barrels per day from the market.
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"In Iraq, gas set to overtake oil projects "
For the world’s fourth largest crude producer, natural gas is about to take pole position.
Rystad Energy forecasts that gas developments in Iraq will overtake oil projects in 2019, measured in resources sanctioned for development, flying in the face of historical norms for the upstream industry in the country.
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"Occidental bids for Anadarko"
Commenting on Occidental’s $57 billion offer to acquire rival oil company Anadarko, topping Chevron’s takeover bid, Jarand Rystad, chief executive and founder of Rystad Energy, said: “A deal would make Occidental-Anadarko by far the largest producer in the prolific Permian shale basin. Occidental is clearly driven by Permian Delaware synergies, which appear equally attractive for Occidental as they do for Chevron in relation to Anadarko’s acreage in the basin.”
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"LNG prices have nosedived. What are the implications for the main exporting countries?"
A mild winter and growing surplus of supply have knocked the legs out from under Asian LNG, with spot prices plummeting more than 60% since last September.
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"Upstream Majors to lead the charge in Australian Renewables"
The Australian renewable energy pipeline is surging above 100GW of solar, wind and utility storage projects. Investment is currently matching upstream capex, at US$10 bn per annum. Only 1GW is currently owned by Upstream companies – the majors.
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"Chevron to buy Anadarko"
Today’s announcement that US supermajor Chevron will acquire Anadarko Petroleum in a deal valued at $50 billion is reflective of multiple trends that are becoming increasingly evident in the global energy market, according to industry expert Rystad Energy.
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"Saudi bond sale bullish for oil price"
Saudi Aramco’s plans to raise $10 billion in bonds to finance the acquisition of Saudi petrochemicals group Sabic indicates a major shift in the Kingdom of Saudi Arabia, according to Rystad Energy’s Head of Analysis Per Magnus Nysveen.
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"Global discoveries on the rise as majors take a bigger bite"
Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad Energy.
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"What is the IMO 2020 effect on the fuel bunker mix short- and long term?"
On January 1, 2020, the International Maritime Organization’s (IMO’s) bunker fuel regulations come into effect. The sulfur content limits in bunker fuels used outside the designated Emission Control Areas (ECAs) will be reduced to 0.5% (from 3.5%) to reduce air emissions from shipping.
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"After the oil price rally, new OPEC+ cuts are needed to prop up oil prices"
As oil prices approach $70 a barrel, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be replaced by a need for additional production cuts by Russia and the cartel of oil producing countries, OPEC.
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"E&P free cash flows soar to record-levels"
The world’s publicly listed oil and gas companies are bringing in cash at the best rate ever witnessed even though oil prices have only partially recovered from the huge drop suffered in 2014 and 2015, according to Rystad Energy.
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"Gas projects in China hold back decline in Asia's production"
Oil and gas production from the Southeast and East Asia regions is estimated to decline by 17% from 2018 until 2025, as new projects coming online are not able to compensate for the natural decline in production of mature fields.
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"Shale industry set to invest less in 2019, but capital efficiency is increasing"
The most recent guidance on 2019 capital budgets indicates that US E&P operators expect, on average, a 6% decrease in capital expenditure in 2019 versus 2018.
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"State of the drilling and well services industry"
Drilling and well service companies experienced abrupt revenue declines from 2014 to 2016 due to the plummeting oil price.
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"Draft MLFs hit NSW Solar Farms"
The 2019/2020 draft Marginal Loss Factors (MLFs) have been released by the Australian Energy Market Operator (AEMO), reporting the difference between power produced and power reaching the Regional Reference Node (RRN).
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"Gulf oil production is set to reach 26 million bbl/d by 2025"
Oil production in the Arabian Gulf region is expected to grow over the next five years, and a number of countries including Iraq, Kuwait and the UAE are seen to contribute to the output expansion.
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