Timing the offshore sector’s recovery: How close are we to the industry kick-starting back to life? Jarand Rystad, Managing Partner 3rd Annual OGF Amsterdam Conference March 23, 2017 Amsterdam, Netherlands
What a Hot Onshore Market Means for Offshore Jon Fredrik Muller, Partner Singapore Offshore Finance Forum March 16, 2017 Singapore, Singapore
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"East & West Africa: Sanctioning needed to fulfill the growth promise" by Olga Kermova & Veronika Akulinitseva, Analysts (Published by PESGB Newsletter, March Edition) The yearly drop in breakeven prices across North American shale plays is likely to bottom in 2016. Understanding the drivers behind the continuous decrease in breakeven prices is crucial in forecasting the impact in 2017 and forward. The following article will examine how the breakeven prices developed both on the wellhead level and on the acreage level, as well as how much of the observed reduction is sustainable in the future. Read more
"FID or no FID" by Readul Islam, Senior Analyst Large upstream projects are more often delivered by a group of partners rather than a single 100% owner. This spreads project risks and can also make it possible to finance megaprojects, which could be beyond the capacity of any single player. When time comes to approve a project with multiple partners, it must be “all-in”: each partner must commit to paying its share in accordance to its equity stake in the project. Read more
"Projected 2017 FID in Australia & South East Asia to be 512mmboe, 75% lower than than 2016 volumes" by Readul Islam, Senior Analyst Rystad Energy forecasts projects holding 512 mmboe of recoverable liquids and gas resources could potentially reach final investment decisions (FIDs) within Australia & South East Asia during 2017. After 2016’s heavy gas binge (88%), 2017 sanctions are assessed to have a slight liquids flavor (58%). Indonesia and Vietnam are expected to lead these regions, accounting for almost 75% of the potential 2017 approvals. Most of the volumes fall within the offshore shelf (up to 125m water depth) segment, though Australia could see more onshore than offshore volumes sanctioned during 2017. Read more
"What is driving the comeback for NA Shale?" After two years of declining activity, North American investments dropped from 180 BUSD in 2014 to 60 BUSD in 2016. Now preliminary capex guidance is indicating 2017 to be the comeback year for shale. This year, investments are expected to grow around 40% with liquids production expected to grow by 300 kbbl/d. Read more
"2017 offshore activity shows remarkable competitiveness against shale" Even though the oilfield service market in shale is the place to be in 2017, there is clear evidence that offshore projects are still being prioritized by E&P companies. In fact, for every dollar that is invested into the North American shale market in 2017, a dollar is also earmarked for the development of new offshore resources. Both sources of future production, shale and offshore, will receive around 70 billion USD each of planned capital expenditures. Read more
"Indonesia's Ande-Ande Lumut project to be APAC's 2017 standout FID" Rystad Energy research indicates Santos’s Ande-Ande Lumut (AAL) project in Indonesia’s NW Natuna Sea, which holds 107 mmboe, could comprise around 20% of the 2017 sanctioned volumes in the APAC region. In total, projects holding 512 mmboe could potentially reach final investment decisions (FIDs) during 2017. Read more
"North American Shale breakeven prices: What to expect from 2017" by Sona Mlada, Senior Analyst (Published by Oil & Gas Financial Journal, February Edition) The yearly drop in breakeven prices across North American shale plays is likely to bottom in 2016. Understanding the drivers behind the continuous decrease in breakeven prices is crucial in forecasting the impact in 2017 and forward. The following article will examine how the breakeven prices developed both on the wellhead level and on the acreage level, as well as how much of the observed reduction is sustainable in the future. Read more
Rystad Energy's Gullkronen 2017 was held on Wednesday, 01 February 2017 at Wallmans Oslo. Gullkronen is dedicated to acknowledging high performances and achievements made by companies involved in the oil and gas business on the NCS during the previous year. Prizes were given out within the E&P Category and Oil Service Category.