LAST BUT NOT LEAST Interested in UCubeFree? It is free!
Company Newsletter Subscription: If you are not yet a subscriber to this email, please fill out the subscription form.
"Brazil E&P – Lula leading the way" by Olga Kerimova, Analyst, and Theodora Batoudaki, Analyst (Published by PESGB Newsletter) Although plagued by delays and political uncertainty, Brazil’s E&P industry has seen impressive growth in the past year, which is expected to continue going forward, thanks largely to the game-changing Lula discovery. This article assesses the outlook for the Brazil E&P industry, illustrated by three key drivers: production, exploration success and spending. Read more
"Offshore vs. Shale" by Per Magnus Nysveen, Senior Partner & Head of Analysis, and Leslie Wei, Analyst (Published by Oil & Gas Financial Journal) As a response to lower oil prices, E&P companies have guided considerable cuts in their 2015 investment budgets. Preliminary budgets indicate a ~20% drop in global E&P investments this year, with shale declining the most. Does this mean offshore is more competitive than shale, and how have these sources performed historically? Read more
"Mexico’s exploration competitiveness compared to other global prospective areas" by Bielenis Villanueva Triana, Senior Analyst (Published by Offshore Engineer) In 2015, Mexico is considered one the most attractive exploration frontiers in the world due the launch of its first lease round in 75 years. However, its attractiveness competes with other nations that offer a well-established international presence, proximity to large markets and low political risks. At current low oil prices, a complete global evaluation of exploration frontiers becomes relevant for companies with capital available to spend in exploration in 2015-2016. Read more
"The search for price cuts in the oilfield service industry" (Rystad Energy's Oilfield Service Newsletter April 2015) Low oil prices coupled with high costs have forced E&P companies to look at their activity and cost structure to be able to create positive returns for their owners. The large focus on cost cutting would hurt service companies and force them to reduce their prices. A 10-15% price reduction could be achieved on average assuming the oil prices and the market to normalize by the end of this decade. Read more
"May 2015 NCS E&P Update" (Rystad Energy's NCS E&P Newsletter May 2015) Key NCS Takeaways May 2015. Maria Plan for Development and Production (PDO) in the Norwegian Sea submitted May 5. Oil discovery of about 180 MMboe and investments of NOK 15.3 billion (USD 2.0 billion). Investments reduced NOK 2,2 billion or 13% compared to Environmental Impact Assessment, a sign of cost compression on the NCS. First operated development by Wintershall (50%) involving agreements with Kirstin (processing), Åsgard (oil storage and transportation), Tyrihans (gas lift) and Heidrun (water injection). Partners are Petoro (30%) and Centrica (20%). Read more
RYSTAD ENERGY OPENS STAVANGER OFFICE Rystad Energy is excited to announce the opening of its new offices in Stavanger, Norway. Headquartered in Oslo, with international presence in Houston, New York, London and Moscow, the Stavanger branch is the latest addition in the continued global expansion of the company. “We are enthusiastic about making a step into one of the key global industry hubs. Stavanger is an important move for us, creating the physical proximity desired between us and our ongoing business relations in the region, especially in the current challenging environment,” says Managing Partner Jarand Rystad. Read more
RYSTAD ENERGY WEBINARS We are commencing our Rystad Energy industry webinar series from May 2015. On a frequent basis, we will be updating you with our key insights within the E&P, oilfield services, shale and oil markets frame. We welcome you to join our upcoming May webinars on "Breakeven Prices for US Shale Plays" and "The search for price cuts in the oilfield service industry". For sign up click here
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.