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"A new beginning for oilfield service companies" 2017 has been a new beginning for the service companies. With increasing oil prices, E&P companies have raised capital expenditures in the North American shale and the number of offshore projects by more than 50%. This has resulted in a restart of the oilfield service industry. While 2016 was a year where almost all service companies experienced reduced revenues, 2017 has been a year where the average service market has increased. Players that beat the average market were mainly those exposed to North America and its shale business through delivering drilling and completion services Read More
"US shale growth could once again pave the way to an oversupplied market" 2017 was marked by a recovery in the liquids supply growth, with key contributions from shale/tight oil in the United States, as well as restarted production from Libya and continued growth from Iran. Next year, liquids supply is expected to grow further, paving the way to an oversupplied market, which can again exercise downward pressure on oil prices. This article explains the key industry topics from this year, highlighting short-term supply and demand growth, exploration success and spending trends. Read More
"Empirical evidence for collapsing production rates in Eagle Ford" We have recently observed strong empiric evidence for the theory that a positive tendency in initial production rates for shale wells does not always lead to similar improvements in ultimate recovery. One of the mature U.S. onshore plays, Eagle Ford, was particularly exposed to accelerated decline rates. While activity collapsed dramatically in 2015 from peak levels in 2014, Eagle Ford maintains its leadership across the liquids plays when it comes to the total number of horizontal wells drilled and completed historically. With the shift to more intensive completions, infill drilling and down spacing on older pads, several major Eagle Ford operators have recently been communicating faster reservoir depletion, compared to the decline rates that were observed in the early years of Eagle Ford development. Read More
"North West Europe: Attractive Investment Area" by Simon Sjøthun, Senior Project Manager (Published by GeoExpro) Oil production from shale formations and increased uncertainty around future demand for oil has created less visibility around the viability of long cycle offshore oil production and exploration projects. Northwest Europe, as a predominantly offshore region, will also be impacted by these large macro trends. Three lenses can be used to examine how we can think, observe and assess the different supply segments of oil and how they compete for available capital and resources. Read More
"Rystad Energy Bolsters its Shale Research Division" Rystad Energy, the Oslo-based energy consultancy and research provider, recruited four respected shale and unconventional experts to join its Houston office. Ryan Carbrey, Benjamin Stewart, Alex Yang and Thomas Jacob will join Rystad Energy’s Shale Research division providing research, analysis and strategic consulting services to enhance the firm’s industry-leading energy intelligence offerings. Read More
This year marks the 10 year anniversary of Rystad Energy's Gullkronen. The purpose of Gullkronen is to recognize companies, teams or people who have shown outstanding achievements on the NCS during the previous year.
Gullkronen 2018 will take place on Thursday, 01 February 2018 at Wallmans Oslo, Norway.
Nine prizes will be awarded - Four for E&P achievements, Three for the oil service sector, a Green Award* and an "Honour Award".