February 2020 UPDATE

UPCOMING EVENTS

Rystad Energy Information Session
March 5, 2020
Stavanger, Norway
For more information,
please click here

Rystad Energy - Energy Transition Marathon
March 19, 2020
Oslo, Norway
For more information,
please click here

The 20th North Sea Decommissioning Conference
March 2, 2020
Stavanger, Norway
For more information,
please click here

Bali Indopacific LNG Summit (IPLS 2020)
March 3, 2020
Bali, Indonesia
For more information,
please click here

Oslo Floating Production Conference 2020
March 12, 2020
Oslo, Norway
For more information,
please click here


UPCOMING WEBINARS

Oil Market Webinar
Content Webinar

March 3, 2020

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Oilfield Service Webinar
Content Webinar

March 4, 2020

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Investor Oil Update Webinar
Content Webinar

March 11, 2020

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Upstream Webinar
Content Webinar

March 17, 2020

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LAST BUT NOT LEAST

Explore Rystad Energy's data and analytics universe
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INDUSTRY VIEW

"Year in review - 2019 marked a breakthrough for integrated subsea contracts"
After hitting rock bottom in 2016, the subsea equipment market has gradually recovered, reaching over 300 awards of subsea trees in both 2018 and 2019 – three times more than in 2016.
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"Hungry for gas, Brazil needs LNG imports to meet demand - but readies for net exports by 2025"
Brazil’s natural gas demand is set to climb to a record in 2020‒2021 at 39 billion cubic meters (bcm) per year, giving the country one of its biggest demand-supply deficits in history.
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"Indonesia's 2020 oil and gas output likely to fall, despite official forecasts for growth"
Indonesia’s production of both oil and gas will most likely fall in 2020, a Rystad Energy analysis shows, despite the country’s official projections of a combined 8% growth year-on-year.
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"Texas oil output set for monthly boosts in 2020, but growth rate to slow"
Texas’ oil production rose to an estimated 5.4 million barrels per day (bpd) in December, a Rystad Energy analysis shows, and is expected to rise almost every month this year due to sufficient statewide fracking activity levels, but the growth’s pace is seen slowing ahead.
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"New faces on board: Rystad Energy boosts its metals expertise with three top-tier experts"
Rystad Energy is delighted to announce the hiring of three new members to our expanding global team of experts, each of whom bring significant experience within energy markets and metals.
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"Guyana-Suriname basin poised for upgrade while oil firms prep to splurge billions on Stabroek"
Recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates, drawing extra attention to upcoming wells.
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"Global oil stocks to pile up as proposed OPEC cuts are no match for coronavirus-induced surplus"
The coronavirus outbreak in China will curb global oil demand growth by at least a quarter this year, and the production cuts of 600,000 barrels per day (bpd) proposed by an OPEC+ committee are far from enough to balance the market, a Rystad Energy analysis shows.
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"Put the jacket on! UK leads the offshore wind foundation trend that will break records this year"
The global offshore wind projects that are set to start-up this year will make 2020 the year with the highest ever use of steel jacket foundations for new developments, a trend led by the UK and that is here to stay, a recent analysis by energy knowledge house Rystad Energy showed.
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"China likely to shun US LNG despite multibillion trade deal"
An ongoing two-year long trade war between the US and China that has impacted the exports of both countries seemed to be closer to a resolution in January, when the two rivals sealed a deal that left the Asian nation committed to buy a total of $26.2 billion in energy products this year.
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"Global oil demand growth evaporates as Coronavirus keeps planes grounded"
The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic and an international level, reducing demand for oil, which has lost about a fifth of its value since the start of the year.
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"Australia will take over the throne as the world's largest LNG exporter this year"
Australia is set to become the world’s largest liquefied natural gas (LNG) exporter this year, overtaking Qatar, with its supplies expected to reach 81 million tonnes (MT) as Ichthys LNG and Prelude FLNG increase production, a Rystad Energy report shows.
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"Coronavirus set to slash Chinese LNG demand but US LNG tariff lift could save the day"
The unseasonably warm weather in the northern hemisphere has undercut liquefied natural gas (LNG) demand and, combined with the steady rise of global supply levels, has resulted in record-low prices.
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"Most of world's top 30 high-impact wells for 2020 seen in Africa and The Americas"
Although 2019 was a disappointing year in terms of high-impact well (HIW) drilling in the oil and gas sector, comparatively stable market conditions are favoring new exploration activity in 2020 for areas that combine high risk and high rewards.
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"New gas find set to boost UAE energy sufficiency but imports still needed"
A new gas discovery in the United Arab Emirates (UAE), which local officials estimate to be holding about 80 trillion cubic feet of gas, will boost the country’s supplies, but more discoveries are needed to reach a goal of becoming net gas exporter by 2030, a Rystad Energy analysis shows.
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"Guyana's GDP to skyrocket in coming years as oil output gathers momentum"
Oil production estimated at 1.2 million barrels per day by 2030, Guyana’s total annual oil revenues could approach $30 billion within 10 years, according to fresh research by Rystad Energy.
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"Drillship rates closing in on USD 300,000 per day threshold"
Dayrates for drillships are forging ahead on the path to recovery, having increased by 14% from an average of $170,000 per day in 2018 to $193,000 per day in 2019 for new unique contracts.
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"Is the Permian getting gassier? Not necessarily in 2020"
The growth story for key gas-focused US shale plays such as Appalachia and Haynesville may be over in the short term due to the recent Henry Hub price weakness.
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"Bushfires curtail solar and wind farms in South Australia and Victoria"
The Australian bushfires present several challenges for renewable developers as they threaten critical transmission infrastructure.
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"Bit by bitumen: Canada oil sands players target smaller, cheaper expansions"
Western Canada’s oil sands producers exited 2019 amidst continued market access issues and an inventory build that has sent WCS benchmark heavy crude differentials to their widest level against WTI since the end of 2018.
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