Rystad Energy


All posts for Rystad Energy

Rystad Energy Release: Will the Vast Potential of Argentina’s Vaca Muerta Shale Play Ever be Unlocked?

e Vaca Muerta Shale Basin in Argentina is the only unconventional play outside of North America where activity has already made the transition from exploration to full-scale development. The potential prize is huge – geographically, the Vaca Muerta Shale is three times the size of the highly prolif ...

OilVoice Press - OilVoice


Posted 2 days agoOpinion > Rystad EnergyArgentinaVaca Muerta +3

Rystad Energy: Middle East Driving Global Growth in Conventional Oil Output

Middle Eastern oil production is expected to grow by 2.7 million bpd by 2025, according to latest Rystad Energy analysis. The boost in conventional oil output from the Middle East is primarily driven by supply additions from Iraq with 1.5 million bpd growth, and an additional 1.2 million bpd mainly ...

OilVoice Press - OilVoice


Posted 4 days agoOpinion > Rystad EnergyMiddle EastOil +5

Rystad Energy: Outlook for the Global Drilling and Well Services Market

Driven by higher activity, the drilling and well services market is on a growing trend across all service segments. More than 72,000 wells are expected to be drilled and completed in 2019, representing a 3% growth compared to 2018. Looking back at the downturn, well completion activity was at it ...

OilVoice Press - OilVoice


Posted 4 days agoOpinion > DrillingwellRystad Energy +2

Tanker Collision Shuts in 365,000 bpd of Norwegian Oil Output

The Sture oil terminal in western Norway was shut down and evacuated early this morning (November 8) after a Maltese oil tanker and a Norwegian military frigate collided in this key North Sea oil port at 4am local time. Rystad Energy anticipates that approximately 365,000 bpd of oil production will ...

OilVoice Press - OilVoice


Posted 10 days agoPress > Rystad EnergytankerNoway +6

Rystad Energy Release: US Oil Set to Beat EIA’s Forecast Again: 11.15 Million Bpd is Low Case For August

On the eve of publication of the EIA-914 and EIA PSM reports tomorrow (October 31), providing US monthly oil production data for August 2018, Rystad Energy analysis indicates that the market should expect significant outperformance of US oil production compared to the EIA's predictions. The EIA's ...

OilVoice Press - OilVoice


Posted 18 days agoOpinion > United StatesUSARystad Energy +4

Rystad Energy's Oilfield Service Newsletter: FPSO Market Alive and Making Strides Again

The global floating production market has stirred back to life after enduring a couple years in virtual hibernation during the downturn. Last year brought some relief to the market, with six new FPSO orders worldwide , and with oil prices recovering to around $80 per barrel this year, combined w ...

OilVoice Press - OilVoice


Posted 30 days agoOpinion > Rystad EnergyOilfield ServicesFPSO +4

Rystad Energy: New Research Shows That Oil Markets Could be Stabilized

Rystad Energy has over the last year developed a model to give a more realistic simulation of the cyclical behavior of the oil price. The model has correctly predicted the oil price increase seen over the last months. Now it shows that the oil price will be highly volatile going forward, but also t ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > Rystad EnergyOilOil Markets +1

Rystad Energy: Ensco and Rowan – A Merger of Equals

Two of the leading offshore drilling contractors have agreed to merge creating an industry-leading drilling contractor capable of working across all water depths with a truly global footprint. The combined fleet will be comprised of 82 units made up of 28 floaters and 54 jackups. Thirty-eight u ...

OilVoice Press - OilVoice


Posted 1 month agoPress > Rystad EnergymergerOffshore +4

Rystad Energy: Rebound in Spending Keeps Offshore Ahead of Shale

A recent surge in final investment decisions (FIDs) on offshore oil and gas projects has set the scene for a healthy increase in offshore investments next year, thus preventing the shale industry from overtaking offshore for the first time, according to Rystad Energy's latest analysis. This is due ...

OilVoice Press - OilVoice


Posted 1 month agoPress > Rystad EnergyOffshoreOil +3

Rystad Energy Newsletter: Is Pemex Better Off Spending Money on Developing Fields it Has Already Discovered?

Mexican national oil company Pemex is poised for a massive cash infusion earmarked for exploration and drilling , but a review of the company's portfolio and recent track record suggests at least some of this money might be better spent developing fields it has already discovered. Incoming Mexi ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > Rystad EnergyPemexMexico +4

Rystad Energy: Diamondback Eyes Synergies in the Permian Basin with Energen Acquisition

US oil and gas producer Diamondback Energy's $9.2 billion acquisition of rival player Energen this week should generate significant synergies and improved overall production on operations in the prolific Permian Basin shale play, according to analysis by Rystad Energy. This deal, coming hot on the ...

OilVoice Press - OilVoice


Posted 2 months agoPress > Rystad EnergyDiamondbackPermian Basin +3

Project Sanctioning Continues to Chase 200 New Projects for 2018

Recent project approval activity suggests that 2018 could see 200 projects approved by year-end . The 45 offshore projects that have been approved year-to-date are already more than the amount approved in 2016. In addition to beating 2016's activity, 2018's offshore project sanctioning is on track ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > Rystad EnergyOffshoreOilfield Services +1

Rystad Energy: Q1 Reporting Shows Unsurprising Quarterly Decline, But Yearly Increase

The picture from the Q1 reporting season is emerging. While the growth rate for revenues quarter over quarter has dipped into the red, the year over year comparison shows continued growth in the oilfield service industry . In Q1 2018, the blended quarterly growth in revenue for service companies ...

OilVoice Press - OilVoice


Posted 4 months agoOpinion > Rystad EnergyOilfield ServicesWell Services

Private Operators are Stepping Up in the Permian

In the Permian Basin , arguably the most important driver of oil production growth in North America, a puzzling trend is developing. As the basin experiences acute service-side bottlenecks and takeaway capacity concerns, activity levels continue to rise as does interest from private operators . ...

OilVoice Press - OilVoice


Posted 5 months agoOpinion > Rystad EnergyPermian BasinNorth America +5

Offshore Comeback Means More People Needed in Subsea Engineering

Falling subsea engineering employee numbers have been the reality over the last four years. However, with the cost cuts E&P companies made during the downturn coupled with the recent increase in the price of oil, we see a number of offshore projects in the pipeline. This will require a significant ...

OilVoice Press - OilVoice


Posted 6 months agoOpinion > OffshoreRystad EnergySubsea +5