"Halliburton’s pressure pumping fleet surges past 4 million horsepower"
Halliburton, already the industry’s largest pressure pumper in terms of deployed horsepower, has consolidated its leading position through a massive expansion of its capacity over the past year. According to Rystad Energy’s latest assessment, Halliburton has surpassed 4 million horsepower by adding roughly 700,000 horsepower since the first quarter of 2017.
"Mature fields grew 151 billion barrels over the last four years"
Rystad Energy estimates that liquid resources from mature assets grew 151 billion barrels over the last four years, which is almost 17% more than the amount produced in those years. This brings the total remaining liquid resource count to 1.227 trillion barrels as of year-end 2017.
"Brazil is key for stable production in South America"
South American production is currently on a decreasing trend driven by large declines in Venezuela that are partially offset by supply additions in Brazil. As a result of new Brazilian fields coming online towards 2020, the supply is forecasted to again reach the level of 2016 by 2025. This article assesses the outlook for the South American E&P industry, illustrated by three key drivers: production, exploration success and spending.
"The South Asian oilfield service market"
The South Asian OFS market is expected to see growth across most segments through 2020, but two important pillars for recovery in the region will be the subsea and rig markets.
"Oil and gas majors emerging in Australian renewables sector"
For the opening two months of the year, solar power has dominated the growth in the Australian renewable energy project pipeline. Notably, there were two new entrants to the sector, both are joint ventures with global oil and gas majors, marking the further emergence of upstream energy companies into the local renewables market.
"The big spring clean – shale companies optimizing their portfolios"
Since February 2018, in a move that looks like a “spring cleaning” of their portfolios, several companies have announced a shift of their focus on the main US shale plays by optimizing their portfolios through acreage transactions. US onshore shale producers are also boosting capital expenditure by 20% and increasing production guidance. In the Permian, producers are indicating a 40% year-on-year increase in oil volumes, equating to 850,000 boe/d, by the end of 2018.
WELLCUBE – A NEW MEMBER OF RYSTAD ENERGY’S OILFIELD SERVICE SOLUTIONS
Rystad Energy has extended it's portfolio of oilfield service databases with WellCube - essential tool for anyone interested in drilling and completion of wells. WellCube is a global well database, with field-by-field well count and rig demand coverage, providing access into details for every oil and gas well drilled globally. Learn more here.