February 2019 UPDATE

UPCOMING EVENTS

The 19th North Sea Decommissioning Conference
March 4-6, 2019
Stavanger, Norway
For more information,
please click here

APPEX 2019
March 5-7, 2019
London, United Kingdom
For more information,
please click here

Kluges Offshore Summit
March 20, 2019
Stavanger, Norway
For more information,
please click here

Offshore Global Finance 2019
March 28-29, 2019
Amsterdam, Netherlands
For more information,
please click here


UPCOMING
WEBINARS

Rystad Energy Oil Markets Webinar
Content webinar
March 5, 2019

Learn more & Register

 

Rystad Energy Gas Markets Webinar
Content webinar
March 12, 2019

Learn more & Register

 


LAST BUT NOT LEAST

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INDUSTRY VIEW

"Shale companies struggle to please equity investors and reduce debt simultaneously"
US shale operators will in 2019 barely have cash to both service debt and pay out dividends.
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"Update frac disclosure reveals 25% contraction in the US fracking over the second half in 2018"
As illustrated in the figure the new median estimate for nationwide fracking activity in December 2018 suggests 36 frac jobs per day.
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"Volumes from new oil and gas projects set to triple in 2019"
A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide could see sanctioned volumes of oil and gas – excluding shale and tight oil and gas prospects – nearly triple compared to last year’s tally.
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"Rystad Energy expands its coverage of the renewables market"
Rystad Energy today announced the public launch of South East Asia coverage for RenewableCube, a comprehensive solution for tracking the renewables market in great detail in this booming region.
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"Global decommissioning set to hit record $36 billion over the next 3 years"
Several hundred offshore oil and gas wells could cease production by 2021 in the face of today’s bearish oil market.
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"Here are the 30 most exciting wildcats of 2019"
After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be “elephant” finds, according to Rystad Energy.
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"33 FPSOs to be committed 2019-2021"
From 2019 to 2021 Rystad Energy expects 33 FPSOs to be sanctioned as oil and gas activity picks up in the offshore sector. 15 of the FPSOs will require a production capacity above 80,000 barrels/day.
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"NAPE Special Focus: Three trends that will sway shale growth in 2019"
With US shale activity in 2019 beset by uncertainty, Rystad Energy identifies three trends for US light tight oil production that will have a profound impact on the evolution of the industry in 2019 and 2020.
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"NAPE Special Focus: Top performers and most lucrative acreage in the shale industry"
Breakeven prices on prime shale acreage over the past two years have generally resided in the range of $30-$40 per barrel WTI, but with the very best performers sneaking in below $20 per barrel, according to Rystad Energy.
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"NAPE Special Focus: These are the 10 most valuable shale companies"
Pure-Permian player Diamondback Energy holds the most valuable shale portfolio, according to Rystad Energy. The net present value (NPV) of this portfolio stands at around $51,000 per acre.
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"Venezuela update: Production could fall below 700,000 bpd by 2020"
Venezuela’s oil industry has been in a tailspin in recent years, with the country’s crude oil production falling from 2.4 million barrels per day (bpd) in 2015 to only 1.34 million bpd at the end of 2018.
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"Oil price's fate hangs in the balance as OPEC mulls a roll-over of the production ceiling in 2H 2019"
Under the current OPEC+ deal, OPEC-14 agreed to cut 0.8 million bpd from the Oct-18 reference level of 32.7 million bpd. The resulting production target for 1H-19 is 31.9 million bpd.
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"Is shale activity actually profitable? Size matters, says Rystad"
As US crude production is set to grow significantly over the next decade, analysts still debate whether shale drilling is actually a profitable endeavor.
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"Gullkronen 2019 Winners"
Rystad Energy announces the winners of Gullkronen awards 2019.
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"Could LNG from the US pose a short-term challenge to Russian gas in
Europe?"

A new report from Rystad Energy identifies five vital themes that will shape global gas markets in 2019.
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"Deepwater production to reach 10 million bbl/d"
Rystad Energy expects global deepwater production to reach record high level and surpass 10 million bb/d.
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"North Sea E&P - Johan Sverdrup to lead renewed growth"
Production from the North Sea is expected to enter into a new growth cycle over the next five years, growing to around 4.7 million boe/d by 2025.
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"FIDs set to triple in South America in 2019"
South America has always been an important playing field for the oilfield service industry.
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"Three light tight oil production trends that will sway 2019 growth"
With US shale activity in 2019 plagued by uncertainty, three trends for US light tight oil production will play a crucial role for the evolution of the industry in 2019-2020.
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"The unstoppable force of clean energy"
As seen in the AFR, the Australian renewable pipeline continues to grow with 2.4 GW of capacity added to the RenewableCube in January alone.
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