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Rystad Energy

Lower oil prices will push the global service market into a recession in 2020 after three successive years of growth Read more

Maintenance & Reliability

Flaring of gas in the Permian Basin in the US in the first quarter of 2019 dropped for the first time in 1.5 years, according to Rystad Energy. Read more

Natural Gas/LNG

Russian giant Gazprom saw the highest production growth over the last five years, followed by shale gas players in the US and China, while BP dominates among the majors Read more

Commodities

The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance with as many as 24 FPSO awards expected by 2020, driven to a great degree by Brazil. Read more

Offshore & Marine

Recent developments in the oil market have sent cold shivers through Rystad Energy’s oil market team, calling into question our temporary bullish view for the first part of 2020 linked to the new IMO shipping fuel regulations. Read more

Commodities

The prolific shale basin in Texas and parts of New Mexico in the US has reached new heights in terms of the number of fracked wells – both on a daily basis and in terms of absolute monthly wells. Read more

Drilling & Exploration

A handful of industry insiders have recently speculated that the Permian may be on its way out, noting that well productivity in the Permian is declining. In fact, the truth is quite the opposite. Read more

Drilling & Exploration

Rystad Energy has analyzed the oilfield service industry sectors with the highest percent change of employment, and found that the main driver of employment is shifting from shale to offshore. Read more

Training & Human Resources

Overall offshore project sanctioning in 2019 has surpassed the $50 billion mark, driven by Saudi Aramco’s recently announced $18 billion worth of project commitments associated with the Marjan and Berri expansion projects. Read more

Offshore & Marine

U.S. crude oil production surpasses previous record; BOEM: New OceanReports tool brings ocean data to the masses; DOE to award up to $39 million in oil, gas R&D project grants; Secretary Bernhardt supports energy infrastructure, economic growth Read more

Upstream

The return on investment from oil and gas wells in the most popular shale hotspot in the Permian Delaware basin peaked in 2017, according to a new study by Rystad Energy. Read more

Commodities

Pricing power is likely to be further strengthened within the service industry, as orders are anticipated to rise across the supply chain, coupled with capacity adjustments intend to avoid oversupply in 2019 and 2020 Read more

Commodities

The OPEC+ countries will not be able to increase their collective oil production levels in the second half of 2019 without having a detrimental effect on oil prices. Read more

Commodities

As the oil and gas industry comes out of the recent downturn, E&P companies are tempted to chase the rewards of higher oil prices by accelerating the sanctioning of new projects. Read more

Upstream

US oil production keeps accelerating towards new highs. New records are expected both when the final numbers for May emerge and at the end of the year. Read more

Refining & Petrochemical Processing

Flaring and venting of natural gas in the Permian Basin in Texas and New Mexico reached a new all-time high in the first quarter of 2019, averaging as much as 661 million cubic feet per day (MMcfd), according to research conducted by Rystad Energy. Read more

Natural Gas/LNG

With negative cash flows, shale companies have historically relied on bond markets to finance their operations. Without additional funding and any debt refinancing, capex would have to be cut. Read more

Commodities

U.S. shale operators are on course to increase oil production significantly in 2019. Read more

Drilling & Exploration

The escalation of the trade war between the US and China could jeopardize several LNG mega projects that are awaiting final approval, according to Rystad Energy. Read more

Commodities

The Offshore Technology Conference (OTC) in Houston, Texas celebrates its 50th birthday this week, begging the question – what will the next 50 years hold for the offshore market? Read more

Upstream

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