"Employment is shifting from shale to offshore"
Rystad Energy has analyzed the oilfield service industry sectors with the highest percent change of employment, and found that the main driver of employment is shifting from shale to offshore.
"Deepwater Gulf exploration starts to rebound"
The US Gulf of Mexico is experiencing an uptick in exploration, but the way companies operate in the region has changed due to the downturn in oil prices
"US fracking rate on the rise again"
Fracking operations across the US have realized a material uptick in June this year after an essentially flat trend from February to May, when activity was still in recovery mode after a seasonal winter dip. The June rebound is a welcome signal that positions US fracking to enter the second half of 2019 with gusto.
"About 40% of resources planned to be sanctioned in 2019 have been given the green light"
Sanctioning volumes year-to-date have reached 40% of resources planned to be sanctioned in 2019, driven by the $18 billion worth of awards surrounding the Berri and Marjan expansion projects in Saudi Arabia.
"Project sanctioning in 2019 could soon eclipse 2014"
Overall offshore project sanctioning in 2019 has surpassed the $50 billion mark, driven by Saudi Aramco’s recently announced $18 billion worth of project commitments associated with the Marjan and Berri expansion projects.
"High Impact Wells Report: Africa Focus"
After several consecutive low-activity years with only a few positive results, Rystad Energy expects that as many as six high impact wells are yet to be completed this year around Africa. These wells all target offshore acreages, with the majority planned in the Western African region.
"2019 to be a record year for LNG project sanctioning"
Rystad Energy forecasts that LNG greenfield investment in 2019 will reach almost $103 billion – the biggest investment year for the burgeoning industry to date.
"Half year review: Discoveries up 35% with deepwater leading the way"
Global discoveries of conventional oil and gas continue to show promising growth, with new finds totaling 6.7 billion barrels of oil equivalent (boe) in the first half of 2019, according to the mid-year assessment of upstream data by Rystad Energy.
"World's largest solar project proposed in Australia, connected to SE Asia via subsea cable"
Singapore-based Sun Cable has proposed a 10 GW solar farm near Tenant Creek in Australia, with facilities to export electricity via a subsea High Voltage Direct Current (HVDC) cable straight to Singapore.
"Vietnam overtakes Australia in commissioned utility PV"
Vietnam has overtaken Australia in commissioned utility-scale solar photovoltaics (PV), according to Rystad Energy.
"Lowest European gas prices in a decade"
Natural gas prices in Europe have plummeted thanks to a rising gas export war between Russia and the US, much to the delight of European consumers.
"Tall order for Wolfcamp E&Ps to beat their 2017 after-tax well returns"
Future shale wells in the Wolfcamp A zone in the Permian Delaware – the most prospective US liquid basin – seem like a sure bet for investors.
"Cost savings propels a heated market"
To survive in the lower oil price environment of the past five years, E&Ps and service companies alike have sharpened their pencils and delivered significant cost reductions for the offshore industry.
"GW Projects and GW Opportunities"
Santos recently became the first oil company in Rystad Energy’s RenewableCube to enter the operation phase for utility-scale PV.
"West Africa: lack of new projects driving decline wave"
Africa’s oil supply has been subject to disruptions, mature field declines and a lack of new projects in the region’s key countries, Angola and Nigeria.
ANNUAL SUMMITS AND CLIENT USER MEETINGS
We are pleased to announce the dates for our Annual Summits. Follow this link for the preliminary agenda for each location and the registration for the event.
Houston: September 11-12, 2019
London: September 24-25, 2019
Singapore: October 8-9, 2019