Rystad Energy expects exports to balloon and reach 4.7mn bpd by the end of 2020 and nearly 6mn bpd by the end of 2022
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Posted inDRILLING & PRODUCTION
“Clear risk of slower restart” of KSA production: Rystad Energy
The national oil company Saudi Aramco reassured markets that the Abqaiq oil processing facility to reach full operational capacity by the end of September.
Posted inDRILLING & PRODUCTION
Oil price spike after Saudi attack likely short-lived: Rystad Energy
The market’s bullish response to the sudden drop in Saudi Aramco’s production following attacks on its infrastructure could be softened by Saudi Arabia’s crude reserves
Posted inDRILLING & PRODUCTION
US shale to grow to 14.5mn bpd by 2030: Rystad Energy
Strong US supply will be driven, in part, by a large inventory of wells still to be developed across several prolific shale plays
Posted inProducts & Services
Growth in oilfield services industry to take a hit: Rystad Energy
Audun Martinsen, head of oilfield services research at Rystad Energy, forecasts a 4% decline in global oilfield service revenue if oil prices stay flat next year.
Posted inProducts & Services
High stakes for subsea markets if oil price slides: Rystad Energy
While analysts forecast positive year-on-year growth for the subsea market, this hinges on oil prices over the next few years
Posted inDRILLING & PRODUCTION
Oil market outlook “gloomy”: Rystad Energy
Geopolitical issues, economic recession risk and OPEC+ are adding uncertainty to the market, Rystad Energy says
Posted inProducts & Services
Oilfield services employment shifts towards offshore
Rystad Energy has found that employment in the oilfield service industry is shifting towards offshore
Posted inDRILLING & PRODUCTION
Cash flow low in US shale firms despite record production
Although US production is swelling, the vast majority of its shale companies are not cash flow positive, Rystad Energy finds