Rystad Energy


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Debt Crisis Undercutting Venezuelan Production

Rystad Energy analysis shows that the Venezuelan debt crisis has caused structural changes in the country's oil and gas sector which significantly undercut its capability to produce oil. As production falls, the country's ability to service its debt decreases which in turn increases the risk of def ...

OilVoice Press - OilVoice


Posted 23 days agoOpinion > Rystad EnergyVenezuelaDebt Crisis +2

Debt Crisis Undercutting Venezuelan Production

Rystad Energy analysis shows that the Venezuelan debt crisis has caused structural changes in the country's oil and gas sector which significantly undercut its capability to produce oil. As production falls, the country's ability to service its debt decreases which in turn increases the risk of defa ...

Julia Weiss


Posted 23 days agoPress > VenezuelaRystad EnergyOil

New gas discoveries and increased sanctioning activity expected to break the downward production trend in Trinidad

On June 2, 2017, BPTT announced two new gas discoveries offshore Trinidad - Savannah and Macadamia - together amounting to around 1.3 trillion cubic feet of recoverable resources, based on Rystad Energy analyses. In addition, the Angelin project discovered back in 1995 was announced sanctioned. The ...

Julia Weiss


Posted 5 months agoPress > Rystad EnergyTrinidadTrinity Exploration & Production +1

EQT’s acquisition of Rice Energy creates the leading US and Appalachian natural gas producer

On June 19, EQT Corporation (NYSE:EQT) entered into an agreement to acquire Rice Energy (NYSE:RICE) for 8.2 billion USD. In summary, EQT financing includes 5.4 billion USD in equity, 1.3 billion USD in cash and 1.5 billion USD assuming or refinancing of Rice net debt and preferred equity. According ...

Julia Weiss


Posted 5 months agoOpinion > Rystad EnergyShale GasEQT Corporation

Rystad Energy Annual Review of World Oil Recoverable Resources: Saudi Arabia adds oil resources ahead of IPO

In its annual account of global oil resources, Rystad Energy finds that Saudi Arabia has added enough recoverable oil resources to regain its top position ahead of the United States and Russia. The addition of 73 billion barrels of recoverable oil since the publication of Rystad Energy's 2016 annual ...

Julia Weiss


Posted 5 months agoOpinion > Rystad EnergySaudi ArabiaReserves

US oil production could reach all time high during 2017

Rystad Energy, the energy data warehouse, now predicts US oil production grows so fast that an all-time high of 10 million barrels per day could be reached before December 31st this year. In a monthly report on latest oil market trends, our analysts show US oil production growing at 95 kbbld per mon ...

Julia Weiss


Posted 6 months agoOpinion > Rystad EnergyUnited StatesProduction +1

Ensco’s Acquisition of Atwood Oceanics is first merger among offshore drillers

In recent months there have been several second-hand rig transactions in the offshore drilling space with a number rigs changing hands such as Borr Drilling's acquisition of Transocean's jackup fleet and Shelf Drilling's acquisition of three Seadrill jackups. Today marks the first merger between two ...

Julia Weiss


Posted 6 months agoOpinion > Rystad EnergyOffshoreENSCO +2

Trump’s trade deal with China would allow 105 bcf/d gas production at 3 USD/MMbtu

With abundant supply potential, Rystad Energy expects US gas companies to see a large LNG export potential to China after President Donald Trump and President Xi Jinping reached the bilateral trade agreement last month. Sinopec's invitation to welcome Cheniere to their offices in China last week, cl ...

Julia Weiss


Posted 6 months agoOpinion > Rystad EnergyShale GasChina +1

US shale regains strength amid OPEC cuts

Against the backdrop of OPEC's 1H 2017 production cuts, which the organization announced in November 2016, US liquids production has started to rebound. Rystad Energy estimates that total US oil and condensate production has increased from 8.9 to 9.3 million bbl/d between November 2016 and May 2017. ...

Julia Weiss


Posted 7 months agoOpinion > Rystad EnergyShaleProduction +1

As Oilfield service layoffs hits 35%, hiring poised to restart

Rystad Energy research shows a massive workforce reduction in the Oilfield service industry during 2014 to 2016, but service companies within the Shale business are now starting to recruit again and are expected to do so in offshore later this year. The North American shale industry in particular, ...

Julia Weiss


Posted 8 months agoOpinion > Rystad EnergyOilfield ServicesShale +1

Saudi tax cuts adds USD 1 trillion to corporate valuation of Saudi Aramco

Rystad Energy's valuation of Saudi Aramco's upstream portfolio has increased by about $1 trillion following Saudi Arabia's announced tax rate reduction. Yesterday the Kingdom of Saudi Arabia announced that the tax rate for the petroleum industry would be reduced from 85% to 50%. This change implies ...

Julia Weiss


Posted 8 months agoOpinion > Rystad EnergySaudi Aramcoupstream

Utica production declines in 4Q 2016, but early 2017 recovery seems realistic

The latest published well production data from the Ohio Department of Natural Resources (ODNR) suggests that shale gas production in Ohio contracted by 180 MMcfd in 4Q 2016, with only 58 new wells turned in line. This represents a 54% YoY decline in activity compared to 4Q 2015, with rather flat dev ...

Julia Weiss


Posted 8 months agoOpinion > ShaleUticaRystad Energy

Recent Russian oil production data confirms delayed compliance from minor producers

Russian oil output averaged 11.11 million bbl/d in February 2017, representing no further output reductions relative to the January 2017 level. Since the early December 2016, the Russian government has been reassuring the industry that the country will reach the production cut target of 300 kbbl/d ...

Julia Weiss


Posted 8 months agoOpinion > Rystad EnergyRussiaCompliance

Wood Group’s Acquisition of AMECFW will create a dominant player in a fragmented market

  Today, Wood Group announced the acquisition of Amec Foster Wheeler. This merger will create a clear market leader within the engineering and MMO-market, with a market share twice as large as its competitors. With a combined workforce of 64,000, it will rank as one of the top 15 oilfield service ...

Julia Weiss


Posted 8 months agoOpinion > Rystad EnergyWood Group

FID or no FID

When is a final investment decision (FID) not a FID? When it's an internal FID. A commentary by Readul Islam, Senior Analyst, Rystad Energy Large upstream projects are more often delivered by a group of partners rather than a single 100% owner. This spreads project risks and can also make it ...

Julia Weiss


Posted 10 months agoOpinion > Rystad EnergyFIDfinal investment decision