rystad
Posted inExploration & Production
Oil keeps strong on OPEC+ supply discipline and summer demand
High oil prices don’t seem to be going away soon and continue to maintain recent gains on Friday, supported by OPEC+ supply discipline and enthusiasm over the strong summer demand
Posted inDRILLING & PRODUCTION
Oil up on medical, fiscal and geopolitical combo
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
Posted inDRILLING & PRODUCTION
Global oil & gas project sanctioning is set to recover and exceed pre-Covid-19 levels from 2022
Total committed oil and gas spending is expected to drop to $53 billion from 2019’s $190 billion
Posted inDRILLING & PRODUCTION
About 150 more North American E&Ps will need Chapter 11 protection by end-2022
So far this year 32 E&Ps have already filed for Chapter 11, recording a cumulative debt of about $40 billion
Posted inProducts & Services
Energy transition projects could replace up to 40% of the OFS industry’s lagging upstream revenue
In terms of market opportunities, most traditional oilfield service suppliers are looking to expand into low carbon segments
Posted inDRILLING & PRODUCTION
Global oil & gas decommissioning costs to total $42 billion through 2024
Some of the leading assets that will drive the decommissioning market in the region include the Brent, Ninian and Thistle fields in the UK and Gyda in Norway
Posted inProducts & Services
Too much LNG: Here are the producers better positioned to cut output as Covid-19 erases profits
LNG producers with short-run marginal costs that exceed spot prices are increasingly looking to curtail production
Posted inProducts & Services
OFS stocks lost half their value since 2020 began
The best performers among services companies were in the EPCI sector
Posted inProducts & Services
OCTG market to drop 15% in 2020: Rystad
The US represents the world’s largest OCTG market, but this year the country is seeing an immediate and severe drop in OCTG tonnage requirements