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"Market Development in Argentina – Is Vaca Muerta competitive in today’s market?" by Kjetil Solbrække, Head of Brazil, and Bielenis Villanueva Triana, Senior Analyst (Published by Oil & Gas Financial Journal, November Edition) It has been acknowledged by the oil industry for a long time that Argentina has one of the most promising shale plays in the world - the Vaca Muerta shale play in the Neuquen Basin. It is also the most developed shale play outside of North America. The shale boom that many expected in this play has not yet happened, even though there seems no doubt that the Argentina shale resource will continue to be developed in the years to come. Read more
"Middle East to remain a top oil producing region" by Olga Kerimova, Senior Analyst, and Veronika Akulinitseva, Analyst (Published by PESGB Newsletter, November Edition) A large growth potential exists for the Middle East E&P where oil production is forecasted to increase from 2016 to 2020, with Iran and Iraq contributing most to the growth. This article assesses the Middle East E&P status and outlook, illustrated by the three key drivers: production, exploration success and spending. Read more
"Favorable tax regime as an impetus to the development of hard to recover resources" by Daria Surova, Client Analyst The current Russian oil and gas tax system was elaborated in the early 2000s. Due to the lack of the tax administration experience in oil production, the government needed a simple mechanism to extract the part of the oil companies’ huge profits. During the period of high oil prices both government and oil and gas business were satisfied by the established tax system that consisted of Mineral Extraction Tax (MET), Export Duty and Income Tax. At that time, the state budget was replenished by increasing oil and gas revenues. Read more
"US shale oil production has stabilized in September/October 2016" Rystad Energy finds that total US horizontal shale oil production has stabilized in September/October 2016, around 4 million barrels per day. To remind, the WTI oil price dropped 75% from the highs in June 2014, to the trough in January 2016. The number of spudded wells in US Shale dropped 40% from nearly 21,500 in 2014 to 12,900 in 2015. It is expected that drilling activity in 2016 will end up below 6,500 wells. US shale oil production, however, continued to increase month-on-month through the year in 2014. Production peaked only in March 2015, before total oil production started to decline. Read more
"Is 2018 the light at the end of the tunnel for the floating rig market?" As the industry heads into the third year of the downturn, market fundamentals for the deepwater segment continue to fight strong headwinds. Utilization for the global offshore floating rig fleet will exit 2016 near 50%. This compares to 73% at year-end 2015. Near-term market conditions remain challenging, as many of the tenders currently in the market are for short programs versus a small handful of multi-year tenders. By the middle of 2017, floater utilization could dip to 44% (assuming no new contract fixtures with early 2017 start dates). Based on Rystad Energy mapping of additional demand to materialize in 2017, we think 2017 average utilization will reach 53%. Read more
"Global liquids supply cost curve: New shale and oil sands are marginal sources of supply in 2020" by Espen Erlingsen, VP Analysis (Published by Offshore Magazine, November Edition) At an average breakeven price of 32 USD/bbl, producing fields are the cheapest supply sources. Non-producing shale and oil sands are the marginal sources of supply in 2020, with high drilling/completion costs for the former and high capex/opex for the latter. Rystad Energy liquids cost curve, is made up of nearly 20,000 unique assets and considers each asset’s breakeven oil price and potential production in 2020. The breakeven price is the Brent oil price at which NPV equals zero, and considers all future cash flows using a real discount rate of 7.5%. Read more
Rystad Energy presents UCubeRank - new online tool for upstream industry professionals. UCubeRank is ready-made, field-by-field benchmark analysis of the global upstream oil and gas industry for people on the go!
Who is the largest oil producer in the world? Who had the largest exploration success last year? Which E&P company has the lowest operating costs and the highest return on capital? Which country has the highest government take? UCubeRank includes portfolios of top 1,000 oil and gas companies globally, and covers the time span from 2010 to 2020. The tool contains overall data coverage for each company such as production profile, exploration costs, revenue and cash flow.
Find answers in UCubeRank, a new platform to access UCube data. Data is sorted in a number of ranked lists, making it easy to benchmark across many dimensions.
• Production, reserves and resources data • Cost of supply split by country, company and field type • Hydrocarbon types • Company economics
WHEN TO USE IT:
• When you want a quick overview of a company or a market • When you want to do benchmarking within the E&P sector • When you want to access data outside of our Cube Browser
IDEAL FOR SENIOR MANAGEMENT IN:
• Oil and gas companies • Financial market: Investors, investment banking, equity research and M&A • Oil service companies • Governments and governmental agencies • Consulting and advisory firms • Research institutions