Rystad Energy raised its forecast for US crude output to 13.4mn barrels per day by December 2019
rystad energy
Posted inDRILLING & PRODUCTION
Renewables set to outspend E&P in APAC as soon as next year: Rystad Energy
The countries listed have strong pipelines for renewable energy of all kinds
Posted inDRILLING & PRODUCTION
Iraq gas projects to overtake oil in 2019: Rystad Energy
Rystad Energy forecasts that gas developments in Iraq will overtake oil projects in 2019, measured in resources sanctioned for development
Posted inDRILLING & PRODUCTION
Oman gas production to surpass oil by 2023: Rystad Energy
Rystad Energy forecasts Oman’s oil output to slump as older fields continue to age, and investments go into developing gas fields
Posted inDRILLING & PRODUCTION
Global decommissioning to hit record $36bn in the next three years
Decommissioning obligations in the global oil and gas industry rose to $11.7bn last year and are projected to hold steady at an average of about $12bn per year from 2019 through 2021, according to Rystad Energy.
Posted inDRILLING & PRODUCTION
US oil production will outpace Russia and KSA combined by 2025: Rystad Energy
US liquids production is forecast to surpass 24mn barrels per day over the next six years, thereby outpacing the combined output from Russia and Saudi Arabia.
Posted inProducts & Services
Offshore spending will outgrow spending on onshore shale activities: Rystad Energy
Offshore budgets were at a 10-year low in 2018, and expected to grow in 2019
Posted inDRILLING & PRODUCTION
$210bn to be spent on offshore oilfield services in 2019
Rystad Energy found that there will be an uptick in offshore projects in the coming year, with increasing offshore capex. Approximately 30% of 2019 project value sits in Middle East.