Steady production growth along with positive investment outlook has set the expectation of production reaching to the pre-pandemic levels by 2022 after recovering completely
Permian
Posted inExploration & Production
US must address increasing number of earthquakes due to drilling: Rystad
Treating the US oil industry’s dark water; as earthquakes increase, billions needed to switch course
Posted inDRILLING & PRODUCTION
Permian oil output set to grow in Q2: Rystad Energy
With fracking at a 12-month high and flaring at the lowest level since 2017, Permian output is set for a boost
Posted inDRILLING & PRODUCTION
The share of gas flared in the Permian has fallen to its lowest level of the shale era
The basin’s wellhead flaring intensity declined to 1.6%, down from 1.7% in the third quarter of 2020
Posted inDRILLING & PRODUCTION
Permian gas output will rise, but flaring could increase from 2023 if Covid-19 delays new pipelines
In the second half of the year, and into 2021-2023, Rystad Energy expects Permian gas production will see a rapid boost assuming a $45-$50 WTI environment
Posted inDRILLING & PRODUCTION
Permian gas flaring drops with further fall expected in 2020
Rystad Energy says that coronavirus has had at least one positive side effect for oil and gs
Posted inDRILLING & PRODUCTION
Permian gas flaring drops with further fall expected in 2020
Rystad Energy says that coronavirus has had at least one positive side effect for oil and gs
Posted inDRILLING & PRODUCTION
Brent will average $65 per barrel in 2020, rise expected in 2021: EIA
The EIA also forecast the US as a net exporter of crude oil and petroleum products by 2020
Posted inDRILLING & PRODUCTION
US set to be energy independent: Rystad Energy
By 2030, total US primary energy production will outpace primary energy demand by about 30%, according to Rystad Energy’s latest forecast
Posted inProducts & Services
Mubadala invests $50mn in US LNG infrastructure company NextDecade
The company will receive a seat on NextDecade’s board of directors, and will have the right to contribute project-level capital upon the final investment decision of the Rio Grande LNG project