Rystad Energy exhibition stand at ONS August 29-September 1, 2016 Stavanger, Norway
Rystad Energy exhibition stand at NAPE August 10-11, 2016 Houston, United States
Oil supply: The role of technology advance and other factors driving the current and future supply situation Lars Eirik Nicolaisen, Partner EIA Annual Energy Conference July 11, 2016 Washington DC, United States
Information Session: "Global Oil Market Fundamentals and Upstream Development Implications in Mexico" June 28, 2016 Mexico City, Mexico
Rystad Energy has the great pleasure of inviting you to our Annual Oil & Gas Summit 2016, which is happening in conjunction with our regular user meeting. This year our key event will take place in Houston and London. Join us to hear about our up-to-date market analyses and overview, industry perspectives and data analysis discussions.
September 20-21, 2016 Houston, United States
October 5-6, 2016 London, United Kingdom
The Annual Oil & Gas Summit is free to attend for client companies. To request more information or query about non-client pricing, please contactRystad Energy
Company Newsletter Subscription: If you are not yet a subscriber to this email, please fill out the subscription form.
"US shale oil: Frack count grows, production levelling out" Rystad Energy expects horizontal oil completion activity in the US Shale to outpace drilling operations by 30% in 2H16, resulting in the contraction of DUC inventory by 800 wells. These additional completions will support total US oil output by providing an additional 300-350 kbbl/d to the exit-2016 rate. The additional output will be more than sufficient to balance the base production decline. The inventory of 4,000 drilled but uncompleted oil wells (DUCs) is estimated to hold close to 2 billion barrels of oil reserves. Read more
"Significant activity impact on the E&P industry in Colorado if anti-drilling initiative is approved" The recently suggested Colorado ballot initiative #78 proposes a mandatory 2,500-foot setback between new oil and gas wells or re-entries and any ”occupied structure” or ”area of special concern”. A review published by the Colorado Oil & Gas Conservation Commission (COGCC) indicates that approximately 90% of the surface acreage in Colorado would be unavailable for future oil and gas development or hydraulic fracturing if this initiative was approved. This rule’s most influential part is the proximity to ”areas of special concern” which includes water bodies of small and large sizes, making up a significant part of Colorado. Read more
"Oilfield service sees a bright future amid current downturn" There is hope in the oilfield service industry despite the current downturn. Closed and abandoned service markets as well as new emerging markets can still provide opportunities for service companies. Rystad Energy expects a $30 billion growth from 2014 to 2018 to be realized for 20 countries around the world. Low oil prices have not affected closed and emerging markets to the same degree. There are several exciting potential growth opportunities in more than 20 countries worldwide. Read more
"Increased field decline on mature fields is becoming visible" Rystad Energy's latest analysis shows that, for the first time since the 1980s, we will have two consecutive years of decreased global E&P investments. A lot of the investment cuts have been related to new projects and shale drilling, but we have also observed lower activity on mature producing fields. This decreased activity is starting to show on the production side, with the decline rates starting to increase. Higher declines were observed for several of the major non-OPEC countries such as Russia, United States, Canada and Norway in 2014 and 2015. For 2016, the decline is expected to continue increasing and in terms of barrels, this represents a 700 kbbl/d increase in the yearly decline from the mature oil fields. Read more
"NA Shale: Well performances are becoming significant better" by Espen Erlingsen, VP Analysis (Published by GeoExpro, June Edition) Well performance in North American shales has improved significantly. The United States and Canada have been driving global shale production. Out of the 15.6 MMboepd produced from shale last year, 99% of the production came from North America. Shale production from this region has proven to be highly resistant to the low commodity prices. Read more
"Faster rebound for shale projects compared to offshore" by Maierdan Halifu, Analyst (Published by Oil & Gas Financial Journal, June Edition) The oil price starts rebounding from the lowest point in February 2016; however, it is still far away from its peak back in 2014. It may also take several years’ time to see that high historical oil price again. As oil prices start to increase, the question is then how offshore and shale will respond. Read more
"Angola’s low sanctioning activity to influence production and spending" by Olga Kerimova, Senior Analyst, and Theodora Batoudaki, Analyst (Published by PESGB Newsletter, June Edition) Angola was the second largest oil producer in Africa in 2015. While oil production from Angola’s offshore oil fields is in natural decline, gas production from these fields is becoming commercial with Angola LNG expected to resume operations this year. This article assesses the Angola E&P status and outlook, illustrated by the three key drivers: production, exploration success and spending. Read more