March 2019 UPDATE

UPCOMING EVENTS

SGX Oil & Gas Seminar
April 2, 2019
Singapore
For more information,
please click here

The SEAPEX Exploration Conference SEC 2019
April 2-5, 2019
Singapore
For more information,
please click here

Offshore Decommissioning Congress 2019
April 10-11, 2019
Rotterdam, Netherlands
For more information,
please click here

MIOGE 2019
April 23-26, 2019
Moscow, Russia
For more information,
please click here


OTC 2019
Norwegian Pavilion, Booth #4151
May 6-9, 2019
Houston, United States

Join Rystad Energy to meet our market leading experts and experience our newest Subsea product at this year’s Offshore Technology Conference. We look forward to seeing you there.

Learn More


UPCOMING
WEBINARS

Rystad Energy Oilfield Service Webinar
Content webinar
April 4, 2019

Learn more & Register

 

Rystad Energy Upstream Webinar
Content webinar
April 11, 2019

Learn more & Register

 

 


LAST BUT NOT LEAST

Interested in UCubeFree?
It is free!

Follow us on our social media platforms:



Company Newsletter Subscription: If you are not yet a subscriber to this email, please fill out the subscription form.


INDUSTRY VIEW

"Re-frac market soars past 550 horizontal wells in 2018"
The horizontal re-frac market within the US onshore scene has boomed in the recent years, with the number of horizontal re-frac jobs increasing every year over the last 10 years. In 2009, fewer than 10 wells were re-fracked, but in 2018 that number ballooned to more than 550 wells.
Read More

"Battle of the giants in shale heartland"
Chevron and ExxonMobil plan to significantly ramp up production in the US shale heartland as the oil behemoths are seeking to go from shale to scale in the Permian.
Read More

"Ekofisk maintenance to cause a big drop in North Sea output in June"
Oil production in the North Sea will drop by 330,000 barrels per day (bpd) month-on-month in June 2019 as Ekofisk closes for planned work, according to Rystad Energy’s latest forecast.
Read More

"Oil service market will not return to previous highs until 2025"
The global oilfield service sector’s recovery from the deepest trough it has ever encountered is not going to happen overnight.
Read More

"Australia to reach renewables milestone by May election"
A blistering start to the year sets Australia on track for a symbolic renewables milestone before the polling stations open in May – for the first time, it is batteries leading the charge.
Read More

"Offshore decline rates reached almost 10% last year, driven by low infill drilling"
Offshore decline rates started to increase in 2016, and have continued to increase over the last two years. A key reasons for the increased decline rates, is the lower infill activity. Since 2015 the infill activity has dropped ~33%.
Read More

"Eni's oil discovery offshore Angola"
The Agogo-1 find, unveiled this week by Italian major Eni, is Angola’s largest offshore discovery in years. It is located in deepwater Block 15/06, which stands as one of the most expensive exploration licenses ever after Eni and partners paid a signature bonus of around $1 billion to the Angolan government in 2006.
Read More

"Oil majors are preparing for a greener future through shale"
Oil majors are readying themselves for the energy transition by investing in shale and waiting for renewable technology to be economical, according to Rystad Energy.
Read More

"Russia can strengthen position as largest gas exporter to Europe"
With gas supplies growing at a faster rate than domestic demand, Russia can increase pipeline and liquefied natural gas (LNG) exports to Europe.
Read More

"Norway excludes E&P companies from the Oil Fund"
The government of Norway today proposed to exclude exploration and production companies within the energy sector from the Government Pension Fund Global (the “Oil Fund” or “Sovereign Wealth Fund”), as a means to reduce the aggregate oil price risk in the Norwegian economy.
Read More

"North America becomes self-sufficient in oil"
In a pivotal geopolitical shift, the United States will soon export more oil and liquids than Saudi Arabia. This remarkable turnaround is made possible by the continued rise in oil production from US shale plays and the increased oil export capacity from the Gulf Coast.
Read More

"Gas to out-produce oil in Oman"
Oman’s gas production levels are set to surpass oil by 2023 thanks to an impressive surge in the development of gas fields in the sultanate, according to Rystad Energy.
Read More

"Rystad Energy forecasts a boom in Xmas trees"
A rapid rise in subsea tree installations is projected for the global offshore industry in the coming years, as operators are poised to boost expenditure substantially on subsea equipment and installation.
Read More

"Financial close in H1 2019 is critical for 2020 performance"
Presented here is Rystad Energy’s forecast for the utility scale PV, wind and storage to be constructed and commissioned for Australia to 2020. 2019 is set to be the biggest year for constructed and commissioned utility PV (2200 MW), wind (2400 MW) and storage (100 MW) in Australia.
Read More

"US shale players cut budgets and boost production"
On average, US shale companies expect to deliver 15% growth in oil production in 2019 over 2018. At the same time, operators say they will cut capital spending by 5% this year.
Read More

"Major gas discovery can fuel the Cyprus dispute"
Following this week’s announcement by ExxonMobil and partner Qatar Petroleum of a major gas discovery offshore Cyprus, Rystad Energy’s senior upstream analyst Palzor Shenga provides this commentary.
Read More

"Subsea is back in black"
The going has been tough for the subsea market in recent years.
Read More

"Vietnamese government maintains support for utility PV development"
February saw the timely release of Rystad Energy’s RenewableCube for South East Asia as well as proposed Feed-in-Tariff policy to support utility PV beyond June 2019 in Vietnam.
Read More

"US shale players cut budgets and boost production"
Recently released fourth quarter 2018 earnings results and updated 2019 guidance have confirmed our expectations that most US shale operators aim to moderate drilling and completion activity this year, prioritizing cost discipline over aggressive growth.
Read More


 

"Christmas came early this year - RYSTAD ENERGY goes deep with the launch of SubseaCube"
Rystad Energy, the energy knowledge house, today announced the public launch of SubseaCube – a comprehensive, bottom-up, field-by-field analytics tool that will help clients understand where the subsea market is headed.
Read More