November 2019 UPDATE

UPCOMING EVENTS

Rystad Energy Information Session
December 11, 2019
London, United Kingdom
For more information,
please click here

Rystad Energy Holiday Cocktail Reception
December 11, 2019
Houston, United States
For more information,
please click here


SAVE THE DATE: IP Week Information Session 2020
February 24, 2020
London, United Kingdom
For more information,
please click here


UPCOMING WEBINARS

Rystad Energy Oil Market Webinar
Content webinar
December 3, 2019

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Rystad Energy Oilfield Service Webinar
Content webinar
December 5, 2019

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Rystad Energy Gas Market Webinar
Content webinar
December 10, 2019

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Rystad Energy Americas Regional Webinar
Content webinar
December 11, 2019

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Rystad Energy Upstream Webinar
Content webinar
December 12, 2019

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LAST BUT NOT LEAST

Explore Rystad Energy's data and analytics universe
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INDUSTRY VIEW

"US set to be energy independent"
In a pivotal shift, the US is only months away from full energy independence. By 2030, total primary energy production will outpace primary energy demand by about 30%, according to Rystad Energy’s latest forecast.
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"Controversial wildcat disappoints"
Commenting on Wintershall Dea’s controversial but ultimately unsuccessful wildcat well near the closed-off Lofoten archipelago in northern Norway, Rystad Energy’s senior exploration analyst Palzor Shenga said: [...]
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"Gulf of Mexico poised to continue record production"
Despite massive cuts in investment the US Gulf of Mexico is set for another year of record oil production in 2020, according to Rystad Energy.
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"Land rig market still faces struggles as uncertainty lingers"
Technological advances within land drilling have helped some suppliers make a strong comeback after being hit by the industry downturn, but the struggle does not seem to be over according to the latest research conducted by Rystad Energy.
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"Petrobras set to become world's largest oil producer"
Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts.
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"Major's global selling spree could fetch $27 billion"
Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy’s latest assessment.
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"A merger of Saipem and Subsea 7 would create a subsea giant"
Commenting on unconfirmed reports that leading offshore contractors Saipem and Subsea 7 are considering a merger, Audun Martinsen, head of oilfield service research at Rystad Energy, said: [...]
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"Crew efficiency and experience boosting shale performance"
The US shale industry keeps showing impressive efficiency gains coming from multiple sources. The western portion of the Permian Basin, Delaware, has lately been particularly exposed to the steep learning curve.
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"US shale shows impressive execution"
US shale operators are on track to grow 2019 oil production by around 16% over 2018 thanks to impressive operational execution so far this year, according to Rystad Energy.
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"New state government proposal casts doubt on India's renewable sector"
Nearly 3.3 gigawatts (GW) of wind and solar projects under development and 7.4 GW of operational wind and solar projects in the Indian state of Andhra Pradesh may be affected by new proposals of its local government and electricity regulation commission, based on Rystad Energy’s latest research.
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"Offshore OFS market poised for massive boost in Southeast Asia"
A fresh wave of offshore project sanctions across Southeast Asia could boost greenfield investments in the oilfield service space by almost 70% in 2020, according to Rystad Energy.
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"Australian renewable project could help power 21 million homes"
Hydrogen Renewables Australia (HRA) has proposed building up to 5 gigawatts (GWac) of wind and photovoltaic (PV) infrastructure on a site in Western Australia, bringing the total proposed pipeline of renewable export projects in Australia to 30 GWac, enough to power 21 million homes.
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"Best year for discoveries on NCS since 2014"
Commenting on Equinor’s oil and gas discovery near the Fram field in the Norwegian North Sea, announced on 6 November 2019, senior analyst Palzor Shenga at Rystad Energy said: “After a string of recent discoveries, 2019 is shaping up to be the most successful exploration year since 2014 on the Norwegian Continental Shelf (NCS).”
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"Australian CSG assets to decline by 60% over the next 10 years"
Rystad Energy has recently completed a well-level production forecast for coal seam gas (CSG) projects in Australia, generating interesting results.
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"Permian gas flaring reaches yet another high"
Flaring and venting of natural gas in the Permian Basin in Texas and New Mexico reached a new all-time high in the third quarter of 2019, averaging more than 750 million cubic feet per day (MMcfd), according to a preliminary analysis conducted by Rystad Energy.
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"Lower demand is the new norm"
In this week’s Friday Snapshot, Rystad Energy forecasts that the oil demand growth floor was reached in the second quarter of 2019 at 400,000 barrels per day (bpd).
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"Offshore activity on the rise in Southeast Asia - greenfield project sanctioning to follow?"
Brighter days could be on the horizon for the oilfield services industry in Southeast Asia, as operators in the region have started to increase their upstream budgets.
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"Should well productivity benchmarking take costs into account?"
In benchmarking well productivity, it has become common practice to evaluate wells based on production per lateral foot of perforated length.
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"Rapid rise of module technology lowering capex for utility PV"
The majority of Australian solar farms utilize PV modules with silicon solar cells, a technology that has evolved rapidly over just a few short years.
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"Greenfield sanctioning to support production growth in the Gulf of Mexico"
Production from the US offshore has been growing over the last five years primarily as a result of low decline rates on mature fields and a focus on infill drilling.
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