February 2018 UPDATE

UPCOMING EVENTS

Rystad Energy Information Session
March 6, 2018
Buenos Aires, Argentina
For more information,
please click here

"Norsk sokkel - Rikets tilstand og kommende prosjekter"
Markus Nævestad
Modifikasjonskonferansen 2018
March 7-8, 2018
Stavanger, Norway
For more information,
please click here

Rystad Energy's Sydney Office Opening
March 15, 2017
Sydney, Australia
For more information,
please click here

OTC Asia
March 20-23, 2018
Kuala Lumpur, Malaysia

For more information,
please click here


WEBINAR RECORDINGS

NAS Solutions - Content Webinar

Speaker: Artem Abramov, VP Analysis; Ryan Carbrey, SVP Analysis

Request Recording


WellCube - Product Webinar

Speaker: Audun Martinsen, VP Oilfield Service Research

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E&P Solutions - Product Webinar

Speaker: Thomas Liles, Analyst

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LAST BUT NOT LEAST

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INDUSTRY VIEW

"Increased completion costs on SCOOP/STACK wells results in better initial productivity"

Average drilling and completion costs per well reached a low point in third quarter 2016 and have since increased gradually by 13% in SCOOP and 25% in STACK for wells completed during third quarter 2017. Higher completion costs have been the main driver of the increase as drilling costs have held relatively stable.
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"Borr Drilling goes from empty-handed to the largest jack-up driller in just 16 months" by Oddmund Føre, VP Oilfield Service Research

Gas exports to Europe from both Russia and Norway climbed to record levels in 2017, according to fresh analysis by Rystad Energy. Russian and Norwegian gas exports to Europe (including Turkey) reached 194 bcm and 122 bcm, respectively, in 2017. This represents a year-on-year increase of more than 15 bcm for Russia and 9 bcm for Norway. Both countries have shown upward output trends since 2014.
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"Norway and Russia sent record gas volumes to Europe in 2017, yet Norwegian output poised to decline" by Carlos Torres-Diaz, VP Gas Markets

Gas exports to Europe from both Russia and Norway climbed to record levels in 2017, according to fresh analysis by Rystad Energy. Russian and Norwegian gas exports to Europe (including Turkey) reached 194 bcm and 122 bcm, respectively, in 2017. This represents a year-on-year increase of more than 15 bcm for Russia and 9 bcm for Norway. Both countries have shown upward output trends since 2014.
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"A hot year ahead for Australian renewables M&A"

A series of asset sales in January 2018 has kick-started what we expect to be a major year for mergers and acquisitions in the Australian renewables sector. While 2017 saw plenty of transaction activity and was a record year by our estimates, 2018 could easily eclipse it.
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"Norway leading the oilfield service comeback"

In 2015 and 2016 we saw record low levels of offshore volumes sanctioned, which effectively is hurting oilfield service companies’ backlog. With the cost cuts E&P players made during the downturn, coupled with the recent increase in oil prices, we now see a lot of offshore projects on a global level have become economically viable. This is leading to an increase in the number of projects in the pipeline for sanctioning with Norway leading the comeback.
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"Southeast and East Asia production to decline by nearly 3 million boe/d by 2025"

Oil and gas production from the Southeast and East Asia region is estimated to decline by nearly 20% from 2017 until 2025, as new projects are not able to compensate for the natural decline in production of mature fields. However, China’s production is expected to decrease the least, supported by the stable output from the giant Changqing field and several ramping up projects, including Longmaxi Shale. This article assesses the Southeast and East Asia status and outlook, illustrated by the three key drivers: production, exploration success and spending.
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"Further support for US expansion of oil and gas production" by Paul Morgan, SVP Valuations

The drama surrounding the proposed changes to the US tax system has finally run its course. The House and Senate reconciled their versions of the bills, and President Trump signed it into law. The net impact of the bill is obviously still up for academic debate, but most believe that this will certainly be a net positive – at least to the corporate bottom line, if not overall economic growth. From an oil and gas upstream perspective, one has to wonder about the impact this new world order will have on supply and commodity prices. Given the increasing importance of US unconventional shale, understanding the after-tax economics of US operators has not been as important to understand since successes in the deepwater Gulf of Mexico started to really pick up steam in the early 1990s (interestingly, just after the last major US tax overhaul).
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More releases


WELLCUBE – A NEW MEMBER OF RYSTAD ENERGY’S OILFIELD SERVICE SOLUTIONS

Rystad Energy has extended it's portfolio of oilfield service databases with WellCube  - essential tool for anyone interested in drilling and completion of wells. WellCube is a global well database, with field-by-field well count and rig demand coverage, providing access into details for every oil and gas well drilled globally. Learn more here.