Rystad Energy


All posts for Rystad Energy

Norway Leading the Oilfield Service Comeback

In 2015 and 2016 we saw record low levels of offshore volumes sanctioned, which effectively is hurting oilfield service companies' backlog. With the cost cuts E&P players made during the downturn, coupled with the recent increase in oil prices, we now see a lot of offshore projects on a global lev ...

OilVoice Press - OilVoice


Posted 1 day agoOpinion > NorwayRystad EnergyOffshore +3

Rystad Energy: Global Well Market Outlook

Nearly 60,000 new wells were drilled and completed globally in 2017. This is a 14% increase compared to 2016, which represented the turning point following the downturn, and we expect continued growth in well demand towards 2020. An increasing number of wells being drilled and completed is undou ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > Rystad EnergyWell MarketShale

December Spree Boosts Norway to the Country With the Most Offshore Project Commitments in 2017

After a sanctioning drought in the offshore industry in 2015 and 2016, Norway is leading the comeback. Recent projects submitted to the Norwegian Petroleum Directorate (NPD) show a clear turnaround in the offshore industry and make Norway the largest contributor to offshore project commitments in 2 ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > NorwayOffshoreSpending +3

Trump Administration Move Could Unlock 65 Billion Barrels Of Oil Equivalent

Last week's proposal by the Trump administration to make nearly all offshore areas in the US available for oil and gas exploration drilling could attract billions of dollars of investment and potentially unlock up to 65 billion barrels of oil equivalent (boe), according to Rystad Energy. “The US o ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > TrumpUnited StatesRystad Energy +3

US Crude Oil Production Capacity Has Reached 10 Million Barrels Per Day

Data released today from EIA for October largely confirms earlier predictions by Rystad Energy that US oil production could reach 10 million barrels per day at the end of 2017. Strong growth of US onshore production in October was masked by impacts of hurricane Nate on offshore production in the Gu ...

OilVoice Press - OilVoice


Posted 1 month agoPress > Rystad EnergyUnited StatesEnergy Information Administration EIA +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 def ...

OilVoice Press - OilVoice


Posted 3 months 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 3 months 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 7 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 8 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 8 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 8 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 8 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 9 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 9 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 10 months agoOpinion > Rystad EnergyOilfield ServicesShale +1