August 2018 UPDATE

UPCOMING EVENTS

Rystad Energy Annual Summit and Client User Meeting - Houston
September 18-19, 2018
Houston, USA
For more information,
please click here

Rystad Energy Annual Summit and Client User Meeting - London
October 3-4, 2018
London, UK
For more information,
please click here

Rystad Energy Annual Summit and Client User Meeting - Singapore
October 16-17, 2018
Singapore
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please click here

FPSO World Congress
September 4-5, 2018
Singapore
For more information,
please click here

4th LNG Marine Fuel Forum
September 4-5, 2018
Singapore
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please click here

Gastech
September 17-20, 2018
Barcelona, Spain
For more information,
please click here

Global and Local Oil Markets Conference
September 20, 2018
Moscow, Russia
For more information,
please click here

Rio Oil & Gas 2018
September 24-27, 2018
Rio de Janeiro, Brazil
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please click here

Rystad Energy Information Session
September 26, 2018
Rio de Janeiro, Brazil
For more information,
please click here 

Rystad Energy Information Session
September 25, 2018
Lagos, Nigeria
For more information,
please click here


UPCOMING
WEBINARS

Rystad Energy Upstream Webinar
Content webinar
Sep 4, 2018
Speakers: Emil Varre Sandøy, Analyst

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Rystad Energy Oil Markets Webinar
Content webinar
Sep 5, 2018
Speakers: Milan Rudel, Senior Analyst and Christopher Page, Analyst

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Rystad Energy Shale Webinar
Content webinar
Sep 12, 2018
Speakers: Veronika Akulinitseva, Senior Analyst

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INDUSTRY VIEW

"The Norwegian Continental Shelf: Short-term boom with long term worries"
Author:Simon Sjøtun, Principal at Rystad Energy
(Original article published in August 2018 edition of Offshore Magazine)
The Norwegian Petroleum Directorate summed up its review of activity in the first half of the year on the Norwegian Continental Shelf (NCS) by commenting that the 20 projects currently ongoing on the NCS is a record for the region. This comment offers a good image as to the status of the region where cost improvements and project resource increases together have secured highly competitive development projects. However, the short-term boom is clouded by a dearth of new projects after 2020 leading to an expected sharp decline in production from the mid-2020s onward.
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"Diamondback eyes synergies in the Permian Basin with Energen acquisition"
US oil and gas producer Diamondback Energy’s $9.2 billion acquisition of rival player Energen should generate significant synergies and improved overall production on operations in the prolific Permian Basin shale play, according to analysis by Rystad Energy.
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"New tech boosts offshore wind growth potential" 
The momentum in the offshore wind industry is continuing with more than 18 gigawatts (GW) of capacity installed globally by the end of 2017. Although the size of the offshore wind market is far behind that of the onshore equivalent, offshore capacity has seen a much higher growth rate during the last ten years. By 2023, we forecast that there will be 64 GW of offshore wind capacity, which entails a yearly growth of nearly 23% between 2017 and 2023.
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"Project sanctioning continues to chase 200 new projects for 2018" 
Recent project approval activity suggests that 2018 could see 200 projects approved by year-end. The 45 offshore projects that have been approved year-to-date are already more than the amount approved in 2016. In addition to beating 2016’s activity, 2018’s offshore project sanctioning is on track to eclipse 2017’s sanctioning levels by 50%. Collectively, $127 billion of offshore and onshore projects could be approved by year-end.
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"Australian renewable energy sector exceeds 500 projects" 
During August 2018, we passed an important landmark in the Australian renewable energy project pipeline. The local renewable energy sector now has over 500 utility scale solar, wind and storage assets, reflecting a remarkable expansion in renewable project development.
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"US shale operators prepped to spend more to produce more" 
Second quarter 2018 results recently released by US E&P operators signaled higher expected capital investments and oil production growth from US shale than guided in early 2018. While selected operators increased yearly capital budgets by around 8% on average during 2Q, oil production volumes were revised upward by only 1.4%. This disconnect might suggest that the shale industry requires more capital than before to achieve healthy production growth.
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"North America to drive global gas production growth" 
Total global gas production has been steadily increasing over the last seven years, with a potential for further growth. Shale gas production in North America is the key factor shaping the gas industry in the medium to long term.
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"Electric vehicle sales and oil demand destruction forecast" 
Nearly 92% of all light-duty vehicles sold in Norway in 2022 would be electric, and we will see approximately 8,000 bpd, or 14% of total transport fuel demand, displaced relative to 2013 levels.
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"E&P Expenditure by oilfield service segment" 
The global service market is expected to be back at pre-downturn market levels in 6 years (2024) with a whopping 920 BUSD.
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"Eagle Ford Shale: horizontal completion activity by distance to the closest well and year" 
U.S. Shale activity has been going through a multi-year period of experiments with dense well spacing. In mature liquid play, Eagle Ford, the share of Read More

CORPORATE UPDATES

Rystad Energy launches new monthly production database OilMarketCube 
Rystad Energy announced the public launch of OilMarketCube – a unique database providing comprehensive, monthly, field-by-field oil production overview for oil analysts globally.
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RYSTAD ENERGY ANNUAL SUMMITS AND CLIENT USER MEETINGS

Our Annual Summits are open to all oil, gas and energy professionals and features a full-day of analysis and presentations on our latest market outlooks. Enjoy in-depth presentations, panel discussions and Q&A sessions while networking with your peers. Our Client User Meetings are exclusive to Rystad Energy's clients and offers tailored product and research workshops with hands-on guidance.  Both events take place over consecutive days in Houston, London and Singapore, for more information click here

We offer a number of complimentary tickets to our client companies for the Annual Summit. The Client User Meeting is complimentary for all usersRegister your attendance interest and we will confirm ticket allocation with your company. Additional passes exceeding the complimentary allocation are available for $450 per person (clients). Non-clients can also purchase passes for the Annual Summit dates.

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