May 2019 UPDATE

UPCOMING EVENTS

Networking Event London
June 4, 2019
London, United Kingdom
For more information,
please click here

NFEA conference 2019
June 5-6, 2019
Bergen, Norway
For more information,
please click here

Marine Money Norway Ship & Offshore Finance Forum
June 6, 2019
Oslo, Norway
For more information,
please click here

India Drilling & Exploration Conference (IDEC) 2019
June 6, 2019
Mumbai, India
For more information,
please click here

4th International LNG Summit
June 18, 2019
Oslo, Norway
For more information,
please click here

Fosnavåg conference
June 20, 2019
Fosnavåg, Norway
For more information,
please click here

Asia Oil & Gas Conference 2019
June 23-25, 2019
Kuala Lumpur, Malaysia
For more information,
please click here


 

UPCOMING
WEBINARS

Rystad Energy Gas Market Webinar
Content webinar
June 5, 2019

Learn more & Register

 

Rystad Energy Oil Market Webinar
Content webinar
June 19, 2019

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LAST BUT NOT LEAST

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INDUSTRY VIEW

"Renewables set to outspend E&P in APAC"
Renewables energy investment in Asia excluding China will overtake spending on upstream oil and gas projects in the region as soon as next year, according to Rystad Energy.
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"Frac sand market still growing, but prices likely to stay flat"
Demand for sand to be used by the oil and gas industry in hydraulic fracturing operations in the US is set to grow by 10% in 2019 and 17% in 2020. Frac sand supply, on the other hand, is forecast to increase by 10% in 2019 and then decrease by 2% in 2020 as more Northern White Sand will come off the market.
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"Petronas breaks E&P mold with entrance into Indian solar market"
At first glance, Petronas’ multi-million dollar acquisition of the relatively unheard of Amplus Solar in India seems to follow the trend of other E&P majors looking to diversify into renewables.
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"Offshore field sanctioning nears peak"
The annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to Rystad Energy.
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"US shale on track to 16% oil growth in 2019"
US shale operators are on course to increase oil production significantly in 2019. The growth in US onshore production from the first quarter through the fourth quarter could come in at around 1.1-1.2 million barrels per day (bpd), or 16% for the full year, according to Rystad Energy.
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"No oil in high-impact well"
One of the world’s most closely watched exploration wells has come up dry. In a major setback for Pakistan’s oil ambitions, the much-awaited Kekra-01 well in the Arabian Sea turned out to be a duster.
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"North Sea oil production is struggling"
On top of production declines in Iran and Venezuela, ongoing OPEC cuts, Urals contamination outages in Russia and maintenance in Kazakhstan, North Sea production is also struggling.
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"More oil found in Angola"
Following Italian major Eni’s announcement on May 14 of an oil discovery on the Ndungu prospect offshore Angola, Rystad Energy senior analyst Palzor Shenga said: "This is the fourth oil discovery on deepwater block 15/06 in the Lower Congo basin. We at Rystad Energy estimate the new discovery to hold around 75 million barrels of recoverable resources. This is the second-largest discovery in the block, trailing only the Agogo-1 was announced in March. The collective recoverable resources of these four discoveries are estimated at around 360 million barrels of oil."
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"Trade war leaves LNG projects vulnerable"
The escalation of the trade war between the US and China could jeopardize several LNG mega projects that are awaiting final approval, according to Rystad Energy.
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"Oil price risks rise to precarious levels"
Supply disruptions in the Middle East on top of an already tight crude market could send oil prices violently upward, according to Rystad Energy.
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"Offshore greenfield sanctioning: a deep dive"
Amidst the excitement surrounding recent advancements in the ultra-deepwater market, it’s easy to forget the offshore industry’s humble beginnings; a simple pier off the coast of California in 1897.
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"Rystad Energy ranks the cheapest sources of supply in the oil industry"
In a major turnaround, North American tight oil is emerging as the second cheapest source of new oil volumes globally, just shy of the Middle East onshore market.
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"Offshore has tremendous room for growth"
The Offshore Technology Conference (OTC) in Houston, Texas celebrates its 50th birthday this week, begging the question – what will the next 50 years hold for the offshore market?
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"EPCI spending to bottom out in 2020 with a rise in greenfield contracts on the horizon"
The EPCI market has withstood challenging market conditions since the oil price collapse in 2014 and the contagion effect it had across the oil and gas industry.
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"Petronas steps into renewable as Senvion stalls"
On Tuesday April 9th a German court in Hamburg approved the application for insolvency from major wind turbine manufacturer Senvion.
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"High child well productivity in Wolfcamp A points to down-spacing potential"
Activity in many parts of the Permian Basin has already entered into large-scale manufacturing mode, but some elements of optimal development strategy have yet to be understood.
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