September 2019 UPDATE

UPCOMING EVENTS

Rystad Energy Annual Summit & Client User Meeting APAC
October 8-9, 2019
Singapore
For more information,
please click here

Rystad Energy Breakfast Briefing
October 9, 2019
Calgary, Canada
For more information,
please click here

Rystad Energy Information Session
October 22, 2019
Stavanger, Norway
For more information,
please click here

Rystad Energy Information Session
October 30, 2019
Tokyo, Japan
For more information,
please click here

Offshore Energy 2019
October 8, 2019
Amsterdam, Netherlands
For more information,
please click here

All Energy Australia
October 23-24, 2019
Melbourne, Australia
For more information,
please click here

Asia Pacific Oil & Gas Conference and Exhibition
October 29-31, 2019
Bali, Indonesia
For more information,
please click here


UPCOMING WEBINARS

Rystad Energy Oilfield Service Webinar
Content webinar
October 16, 2019

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Rystad Energy Shale Webinar
Content webinar
October 30, 2019

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LAST BUT NOT LEAST

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INDUSTRY VIEW

"US shale is not going bankrupt"
Despite a wave of financial adversity that has tormented US onshore E&P companies lately, Rystad Energy does not view this as a harbinger of doom for the shale industry going forward.
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"Equinor's big bet on wind will rival major oil projects"
The offshore wind project Dogger Bank in the UK North Sea will not only be Equinor’s largest project through 2026, it will also rank as the sixth largest offshore development project in the world during this period, according to Rystad Energy.
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"2019 could be subsea's biggest comeback"
Almost all segments in the oilfield service sector showed gains on a quarterly basis in the second quarter of 2019, according to a recent analysis by Rystad Energy.
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"Red states go green: Texas wind power on track to outpace coal by 2020"
The red state of Texas is about to go green – by 2020 more electricity will come from wind than coal, according to Rystad Energy.
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"Rystad Energy update on Saudi Arabia"
Commenting on the latest announcement by Saudi Aramco promising a swift restart of oil production following Saturday’s attack, Rystad Energy chief oil market analyst Bjørnar Tonhaugen said: “Don’t get too excited..."
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"Guyana discovery not as anticipated"
A second oil discovery in the Orinduik Block was announced earlier this week. The Joe-1 exploration well was drilled to a final depth of 2175 meters and encountered a high quality oil-bearing sandstone reservoir of Upper Tertiary age.
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"Jump in oil price could send service company margins higher"
The recent oil price jump could create further momentum for service sector margins, according to Rystad Energy.
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"Oil price spike after Saudi attack likely short-lived"
In an update to clients after the biggest attack on oil infrastructure since the Gulf War, Bjørnar Tonhaugen, head of oil market research at Rystad Energy, made the following remarks: “The bullish reaction in oil prices will likely be limited by Saudi Arabia’s vast quantities of crude in storage, estimated to equal roughly 26 days of current crude exports, a large portion of which is at the main export terminal Ras Tanura..."
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"Rystad Energy news flash on Saudi Arabia drone attacks"
Commenting on reports of drone attacks against vital oil infrastructure in the Kingdom of Saudi Arabia, Per Magnus Nysveen, head of analysis at Rystad Energy, said: “The air attack by Iranian-backed militia on vital oil processing terminals in the heart of Saud Arabia’s oil region has turned the market on its head over the weekend..."
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"Non-OPEC liquid supply growth continues at record high level"
Liquid production growth for non-OPEC countries reached the highest rate on record in 2018, with a growth of almost 2.9 million barrels per day (bbl/d). For this year, the trend suggests that non-OPEC countries’ liquid production will reach above 2 million bbl/d once again, led by tight oil.
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"US shale to grow to 14.5 million bpd by 2030"
US shale supply will peak at approximately 14.5 million barrels per day (bpd) around 2030, according to Rystad Energy.
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"Growth in service industry set to take a hit"
Lower oil prices will push the global service market into a recession in 2020 after three successive years of growth, according to Rystad Energy.
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"Floating PV is flooding South East Asia's power mix"
Floating photovoltaic (PV) panels are making a splash in South East Asia, where gigawatts (GWac) worth of utility-scale solar power are planned in the coming years.
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"Oil price rests on three factors"
Three essential factors will determine the direction of the oil price next year, according to Rystad Energy.
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"LNG's boost for renewables"
LNG export facilities are being geared towards electrification via renewables, delivering their owners significant savings, writes Gero Farruggio.
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"LNG portfolio players on the rise"
Looking at the total liquefied natural gas (LNG) volumes sold globally, there has been an increasing percentage of portfolio volumes contracted without specifying a liquefaction plant or country of LNG origin.
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"Permian gas flaring drops for the first time in years"
Flaring of gas in the Permian Basin in the US in the first quarter of 2019 dropped for the first time in 1.5 years, according to Rystad Energy.
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"Upstream renaissance for the UK offshore sector"
As tens of thousands oil and gas professionals gather in Aberdeen for the biannual SPE Offshore Europe conference & exhibition, the UK offshore scene is poised for a timely comeback. 
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"GW of projects, MW of availability"
An abundance of renewable energy, but few opportunities to connect. The transmission and distribution network north of Gladstone, Australia is facing just this issue, with an 8 gigawatt (GWac) pipeline of utility PV, wind and storage projects yet to reach financial close.
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"Learning from the past to win the next decade"
Those who do not learn from the past are doomed to repeat it. Spurred by the tantalizing notion of $100 per barrel oil, the start of the last decade set records for greenfield investments and service company revenues.
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"Lack of field sanctioning drives long-term oil production decline in Russia"
Russia’s oil production had remained stable at around 11.2 million bbl/d, consistent with OPEC+ production cuts, now extended through 2019.
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"Great depression in US rig count yet activity level still robust"
Horizontal activity in US liquids basins has so far been evolving into a depressed slump in 2019, or at least this is the case when looking at one of the most common activity metric: rig counts.
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