Rystad Energy


All posts for Rystad Energy

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 2 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 11 days 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 11 days 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 1 month 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 2 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 4 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

Rystad Energy: The Big Spring Clean – Shale Companies Optimizing Their Portfolios

Since February 2018, in a move that looks like a “spring cleaning” of their portfolios, several companies have announced a shift of their focus on the main US shale plays by optimizing their portfolios through acreage transactions. US onshore shale producers are also boosting capital expenditu ...

OilVoice Press - OilVoice


Posted 6 months agoOpinion > Rystad EnergyShaleUnited States +6

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 7 months 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 9 months 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 9 months 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 9 months agoOpinion > TrumpUnited StatesRystad Energy +3