LAST BUT NOT LEAST "Oil slide puts more than $100bn of projects on ice as majors retreat" Very interesting discussions in Christopher Adams' page 1 Financial Times article of May 19th, 2015. Rystad Energy data has been utlized on announced project delays and spending. Read more
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"US shale - growing by learning" by Olga Kerimova, Analyst, and Theodora Batoudaki, Analyst (Published by PESGB Newsletter) Tight oil production in the United States has been growing over the last years, with an increase of 1.1 million bbl/d year-over-year in 2014 alone. This article examines the fundamental drivers behind this growth: drilling efficiency gains, well performance improvements and reduction in breakeven prices, focusing on the top US oil plays. Read more
"Non-OPEC production growth reduced by over 2 million bpd towards 2020" Non-OPEC liquids growth potential of 5.5 million barrels per day (bpd) over the next five years has been reduced by over 2 million bpd to 3.3 million bpd, according to Rystad Energy’s most recent forecasts. Read more
"North American Shale: Production continues to grow, albeit at a slower pace" by Per Magnus Nysveen, Senior Partner & Head of Analysis, and Leslie Wei, Analyst (Published by Oil & Gas Financial Journal) In 2014, E&P companies invested approximately US$155 billion in North American shale upstream activity and produced an average of 13.1 MMboe/d. This year companies have sharply cut the shale investment budgets and the total shale expenditure is expected to be US$$100 billion, down from our previous quarter's estimate of US$135 billion. As explained in previous editions, shale is the most flexible source of production. Read more
"Subsea processing is making its way up the technology curve, but still several challenges ahead" by Jon Fredrik Müller, Senior Project Manager (Published by Offshore Magazine) Offshore developments are continuously moving into deeper waters and the nature of the game is that the biggest potential targets get drilled first and the most commercial fields developed first. As the offshore fields mature, pressure differentials narrows and step outs from existing infrastructure increase, new technology has been developed to tackle the challenges.Read more
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Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy advisory and research products for E&P and oil service companies, investors and governments. We are headquartered in Oslo, Norway, with additional research teams in India. Further presence has been established in the UK (London), USA (New York & Houston), Russia (Moscow), for Africa as well as South East Asia.