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Rystad Energy

The current tailwind in the oil market is likely to propel 100 new offshore projects to be sanctioned in 2018, according to Rystad Energy. more

Upstream

The ‘Big Three’ oilfield service giants – Schlumberger, Halliburton and BHGE – have kicked off the earnings season by reporting a collective 15% growth in revenues for the first quarter compared to the same period last year. more

Maintenance & Reliability

The proposed changes to the US tax system has run its course. Most believe the net impact of the bill will be positive – at least to the corporate bottom line. From an upstream perspective, one has to wonder about the impact on supply and prices. more

Drilling & Exploration

The Trump administration’s proposal to open up almost all of U.S. offshore waters to oil and gas drilling could unlock up to 65 billion barrels of oil equivalent (boe), attracting billions of dollars in investment. more

Offshore & Marine

Rystad Energy’s comprehensive well data for the United States shows that domestic oil production could pass 9.9 million barrels per day in December 2017. more

Drilling & Exploration

Rystad Energy 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. more

Drilling & Exploration

Looking at the recent evolution of oil production in the Lower 48 states (excl. Gulf of Mexico), Rystad Energy observes a continuous expansion, with a 430 MBbld growth from December 2016 to May 2017. more

Drilling & Exploration

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. more

Training & Human Resources

Rystad Energy concludes that the 2016 total offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010. more

Offshore & Marine

Rystad Energy analysis shows that as much as 15 billion USD in increased spending will flow into the non-OPEC shale market in 2017. more

Drilling & Exploration

Rystad Energy’s analysis shows that shale production is expected to grow significantly from 2018, with a yearly addition of 1 million bbl/d, whilst offshore will see a production decline from 2018. more

Natural Gas

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