August 2019 UPDATE

UPCOMING EVENTS

Rystad Energy Annual Summit & Client User Meeting Americas
September 11-12, 2019
Houston, United States
For more information,
please click here

Rystad Energy Annual Summit & Client User Meeting EMEA
September 24-25, 2019
London, United Kingdom
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please click here

Rystad Energy Annual Summit & Client User Meeting APAC
October 8-9, 2019
Singapore
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please click here


SPE Offshore Europe
September 3-6, 2019
Meet us at booth 1G43
Aberdeen, United Kingdom
For more information,
please click here

Financial Times Oil & Gas Finance and Investment Forum
September 4, 2019
Aberdeen, United Kingdom
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please click here

Rystad Energy Breakfast Session
September 5, 2019
Aberdeen, United Kingdom
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please click here

ASEAN Energy Business Forum
September 3-5, 2019
Bangkok, Thailand
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please click here

Asian Utility Week | Clarion’s Asian Energy Expo Series - Energy Capital Leaders
September 4-5, 2019
Kuala Lumpur, Malaysia
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please click here

The 43rd IPA Convention and Exhibition 2019
September 4-6, 2019
Jakarta, Indonesia
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please click here

8th Annual Frac Sand Supply & Logistics Conference
September 4-6, 2019
San Antonio, United States
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please click here

RIU Good Oil Conference 2019
September 11, 2019
Perth, Australia
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please click here

4th Russia & CIS Gas to Chemicals Conference (GTCC)
September 16-20, 2019
Moscow, Russia
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please click here

Frac Sand Conference 2019
September 17-18, 2019
Houston, United States
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please click here

Russia & CIS Refining Technology Conference & Exhibition (RRTC)
September 19-20, 2019
Moscow, Russia
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please click here

Energy China Forum 2019: 9th Asia-Pacific Shale Gas & Oil Summit
September 25-27, 2019
Shanghai, China
For more information,
please click here


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ANNUAL SUMMITS AND CLIENT USER MEETINGS

Don't miss our upcoming annual summits and client user meetings. Our experts will deliver bespoke analysis on trends in the oil market, exploration activities, oilfield services and North American shale. The agendas are finalized. Visit www.rystadsummit.com for more information and registration.


INDUSTRY VIEW

"BP exits Alaska to enhance focus on tight oil"
BP’s decision to divest all of its upstream and midstream assets in Alaska to Hilcorp for $5.6 billion, announced yesterday, marks the UK supermajor’s exit from the region after several divestitures in Alaska in recent years.
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"Rystad Energy comments on TechniqFMC's decision to split"
On 26 August, TechnipFMC announced that after two-and-a-half years as a combined entity the firm will split in two: one company, temporarily referred to as “RemainCo”, will focus on upstream related activities, while “SpinCo” will focus on midstream and downstream related activities.
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"Peak Solar PV - Is the sky the limit for mega-solar project size?"
Australia’s latest mega-solar project will eclipse the boundaries for utility scale solar. Sun Cable is proposing a 10 GW, 150 km2 solar farm to power Singapore via a 3,800 km HVDC cable.
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"High stakes for subsea markets if oil price slides"
The subsea market in 2019 will experience year-on-year growth for the first time since 2014, but the positive outlook is vulnerable to any significant decline in oil prices over the next few years.
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"US shale industry turns cash flow positive"
In a remarkable turnaround, the second quarter of 2019 is the first three-month period on record when US shale operators achieved positive cash flow from operations after accounting for capital expenditures, according to Rystad Energy.
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"Tesla eats into market share of premium diesel cars in Norway"
Sales of certain diesel models are in free-fall as Norwegians turn to Tesla and other makers of premium electric vehicles (EV), Rystad Energy finds.
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"Middle East gas production to surpass Russia in 2019"
The Middle East is cruising into the second half of 2019 with spectacular gas production, and is expected to surpass powerhouse Russia by the end of the year.
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"Gazprom tops global growth ranking"
Russian giant Gazprom saw the highest production growth over the last five years, followed by shale gas players in the US and China, while BP dominates among the majors, according to Rystad Energy.
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"FPSO market is booming with Brazil fueling demand"
The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance with as many as 24 FPSO awards expected by 2020, driven to a great degree by Brazil.
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"Another big discovery off Guyana"
On Monday 12 August, Tullow Oil announced it has made a “significant and high-value oil discovery” off the coast of Guyana.
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"North American companies reducing upstream activity abroad"
Rystad Energy data reveals that from 2014 to 2018, companies in Asia which experienced a merger and acquisition showed the most significant growth globally, increasing oil and gas production by about 1.4 million boepd by investing heavily in Asia, Russia and the Middle East.
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"Oil market is going from gloomy to gloomier"
Recent developments in the oil market have sent cold shivers through Rystad Energy’s oil market team, calling into question our short- bullish view for the first part of 2020 linked to the new IMO shipping fuel regulations.
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"Permian frackers break old records"
Hydraulic fracturing operations in the Permian shattered old records in June, according to Rystad Energy.
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"Cheap gas is killing coal in the US"
Coal power is being replaced by cleaner energy sources in the US – primarily due to an abundance of cheap natural gas, according to a new study by Rystad Energy.
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"Slow but steady recovery of conventional exploration drilling"
In the past few years conventional exploration drilling has been on a rocky road, dropping from 3000 exploration wells drilled in 2012 down to just 900 wells in 2016 – a whopping 70% decrease.
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"Supermajors drive the Permian to record heights"
A handful of industry insiders have recently speculated that the Permian may be on its way out, noting that well productivity in the Permian is declining. In fact, the truth is quite the opposite.
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"Fabricators are building backlog"
The outlook for offshore service providers has brightened, as contract backlogs reported in the first half of 2019 grew for the third consecutive quarter for the first time in five years.
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"US shale operators manage to raise production targets yet stay thrifty"
Second quarter 2019 results from US E&P operators signal tightening capital budget guidance ranges amid continued capital discipline, coupled with marginal upward production revisions.
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"Vietnam blasts past Australia"
Few would have predicted Vietnamese utility PV to exceed Australia's by mid-year.
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"US shale growth to moderate in the medium term"
Despite a slowdown in production growth during the first quarter of 2019, US shale producers remain on track to continue to increase output year-on-year, achieving the goals set in the beginning of 2019.
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