"State of the union – hvordan overleve det neste halvannet året før markedet antas å snu igjen?" Audun Martinsen, Senior Analyst Oljebransjens Innkjøpskonferanse 2015 September 30, 2015 Stavanger, Norway
"Are lower oil prices the norm?" Lars Eirik Nicolaisen, Partner Americas Offshore Support Journal Conference September 22, 2015 Houston, United States
Rystad Energy User Meeting 2015 September 15-16, 2015 London, United Kingdom
"Energibehov og oljepris i det globale bildet - og hvordan dette påvirker aktivitetsnivået på norsk sokkel" Tore Guldbrandsøy, SVP & Head of Stavanger Office NPF - Den 28. Kristiansandskonferansen innen boring og brønn September 14, 2015 Kristiansand, Norway
"Global energy supply and demand" Jon Fredrik Müller, Senior Project Manager Offshore Construction, Heavy Lift & Pipelay Conference September 3, 2015 Amsterdam, Netherlands Products Webinar
Rystad Energy product overview on E&P, OFS, Shale and NCS products
Floater market facing challenging times, retirements to reach historical high
Comparing Canadian oil sands, shale and offshore cost curves
LAST BUT NOT LEAST Did you know we have a contributor page (RYST) on the Bloomberg terminal?
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"A brent price as low as 50 USD/BBL is not sustainable beyond 2016" (Rystad Energy's Global Oil Market Trends Report, August 2015. For more information, click here) Due to a lack of growth in North American shale production and increased decline in mature fields, a Brent price as low as 50 USD/bbl is not sustainable beyond 2016, shows recent oil market research undertaken by Rystad Energy. Around ten thousand shale wells would need to be drilled each year in order to keep North American shale production flat. Assuming balanced cash flows, costs would need to be decreased by 20% in 2015 vs 2014 at a price of 50 USD/bbl to drill those wells according to conducted well-by-well breakeven modelling. Read more
"The need for new frontier exploration" by Espen Erlingsen, VP Analysis (Published by GeoExpro) Over the last years offshore exploration activity has been at a historical high, without any significant corresponding discoveries. The result is a considerable increase in the global average discovery cost. During 2013 and 2014, the global offshore exploration activity, measured in investments, peaked at ~70 BUSD. This represent a 40% increase compared to the 2009 level. Despite the growth in investment, the yearly global discovered offshore volumes deceased during the same period. In 2010 ~30 billion boe of new offshore resource where discovered, while in 2014 the number was reduced to ~9 billion boe The trend seems to continue in 2015, with 4 billion boe of discovered resources during the first six months of the year. The 2015 main discovers have been the Tortue West gas discovery in Mauritania and the Cheek oil discovery in Mexico. Read more
"North American shale production has stopped growing - An update" by Per Magnus Nysveen, Senior Partner & Head of Analysis, and Leslie Wei, Analyst (Published by Oil & Gas Financial Journal) North American shale production has stopped growing, as a result of lower activity. Preliminary capital budgets for the year indicated total shale expenditure of ~100 BUSD, down from ~155 BUSD in 2014. As of the second quarter, several major companies have further reduced their capital budget, including the top three producers: Chesapeake, Devon, and EOG. Considering the budget revisions as well as short term cost reductions, the current estimate of 2015 expenditure is now ~$95 BUSD. Read more
"GIS helps to understand prospectivity of shale plays" by Roman Boros, Analyst Even though direct extraction of oil and gas from the shale source rock is currently only actively developed in America (United States, Canada and Argentina), other nations have the geological capabilities to develop shale resources too. Rystad Energy has studied the geology and economic conditions for more than 200 known shale formations outside North America.Read more
"Oil and Gas recession and service companies' depression" As revenues are falling drastically for most of the service companies, we see all companies fight heroically to cut their costs faster than the revenue is decreasing, to secure stable margins. One dramatic consequence is the numerous lay-offs in the service industry, which are now approaching the levels of 2010. Read more
Rystad Energy Information Session during Offshore Europe in Aberdeen Rystad Energy is delighted to invite you to an afternoon meeting of presentations and discussions on latest industry developments during the Offshore Europe in Aberdeen. Please join Jarand Rystad, CEO, Nadia Martin, Senior Analyst Oil Markets, Audun Martinsen, Senior Analyst Oilfield Services, and Steve Rowlands for industry insight and networking.
PROGRAM When will the market balance supply and demand?
Brent at various price points: supply response vs. global demand
Which countries are most likely to swing the balance from here?
Forecasts on production in Iran, Iraq, and North American shale
Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy advisory and research products for E&P and oil service companies, investors and governments. We are headquartered in Oslo, Norway, with additional research teams in India. Further presence has been established in Norway (Stavanger), the UK (London), USA (New York & Houston), Russia (Moscow), South America (Rio de Janeiro), for Africa as well as South East Asia.