Rystad Energy is an independent advisory, research and energy intelligence company, equipping clients with data and insights that power better decision-making.
How is the North Sea monthly oil production affected by field maintenance? Our new database OilMarketCube has the answer. Join our webinar on September 5 to learn more:
#OOTT
Even with a conservative crude production loss estimate from Iran, Rystad Energy projects that OPEC-12 will need to raise supply further to avoid a decline in overall OPEC-12 production through 1Q-19. Download our free report to learn more >
#OOTT
“We haven’t seen anything like this since the 1940's”. All-time low for discovered resources in 2017: Around 7 billion barrels of oil equivalent was discovered. Read the full Press Release here >
Coal-fired power generation is on track to peak in 2023 as new sources of renewable and low-carbon energy expand rapidly. Coal has dominated the global power sector for the past 30 years, but 2024 will begin a new era.
#rystadenergy
#renewables
#power
Rystad Energy's Shale Newsletter - "Top 33 shale oil producers’ need USD 8.3 billion of additional funding on top of USD 2.4 billion debt refinancing in a 60 WTI price environment to meet a capex expectation of USD 58.4 billion". Read here >
#OOTT
Chevron and ExxonMobil plan to significantly ramp up production in the US shale heartland as the oil behemoths are seeking to go from shale to scale in the Permian. Read more here >
#RystadEnergy
#shale
#permian
#permianbasin
Chart of the week: In the run up to
#COP27
in Egypt, Rystad Energy is highlighting that capex on renewables is set to reach $494 billion in 2022, outstripping oil and gas at $446 billion. The first time that investment in renewables has overtaken oil and gas.
#rystadenergy
Chart of the week: Distribution of power generation carbon intensity in Europe in October 2022
Strong wind helped multiple European countries to reduce power emissions, however intraday range is still high as fuel-based generators kick-in in low wind/peak load hours.
Global recoverable oil reserves now stand at more than 1,600 billion barrels, an increase of 52 billion barrels from last year’s estimate.
#rystadenergy
#energy
#oil
#upstream
Rystad Energy's Friday Snapshot: Offshore decline rates reached almost 10% last year, driven by low infill drilling. Read more here >
#RystadEnergy
#offshore
#drilling
"Battery manufacturers are frantically building production capacity to meet demand. Manufacturers need to go from zero to 100 at breakneck speed,” Edison Luo, senior analyst at Rystad Energy.
#rystadenergy
#energy
#energytransition
#batteries
North Sea oil and gas industry blooms with increasing production and investments. The region's solid production provides resources to Europe and the rest of the world navigating through the energy transition.
#NorthSea
#Oilandgasindustry
#RystadEnergy
Bjørnar Tonhaugen, discusses what could potentially happen to oil prices when the U.S. and the world is projected to run out of viable physical storage capacity, with CNBC.
#RystadEnergy
#oilprices
#OOT
via
@YouTube
What are the main drivers behind the increasing prices of lithium-ion batteries?
With our BatteryCube you can analyze the cost structure of battery production as well as investments and economics across the entire value chain.
More here:
#rystadenergy
Susan Zou, our VP battery materials supply chain research told
@TheEconomist
that Congolese production will jump by 38% this year, to 180,000 tonnes.
#rystadenergy
#energy
The oil and gas upstream sector is set to pay governments an all-time high of $2.5 trillion this year.
Top 5 Billion USD
🇸🇦$400
🇺🇸$250
🇮🇶$196
🇳🇴$150
🇦🇪$137
Top 3 by the barrel
🇮🇶 $100
🇳🇴 $98
🇰🇼$95
Top 3 Thousand USD/Per capita
🇶🇦40k
🇳🇴28k
🇰🇼23k
Global discoveries of conventional oil and natural gas are seeing an exciting recovery with discovered resources already surpassing 4.5 billion boe in H1 2018, Rystad Energy analysis shows. Read the full press release here >
About €7 billion of Chinese solar imports are sitting in European warehouses, and the stockpile is set to continue this year despite existing inventory.
Read more here -
#rystadenergy
#energy
#solar
#europe
#china
We are thrilled to have NJ Ayuk, Executive Chairman, African Energy Chamber, joining us at the January Rystad Talks Energy.
He will discuss energy poverty, through the lens of Africa, with Jarand Rystad, CEO at Rystad Energy.
#rystadenergy
#energy
Rystad Energy's Friday Snapshot: Higher oil prices led to a significant increase in offshore project sanctioning. The 40 projects sanctioned to date already have surpassed 2016’s total. 2017 levels will be surpassed Q3 2018. DCube>
Rystad Energy's Friday Snapshot: Due to the absence of substantial project sanctioning since 2014 in
#Venezuela
, we forecast
#crude
production from mature fields in the country to decline 35% YoY in 2018 and 25% YoY in 2019. Find out more here >
#oil
In Rystad Energy's view, the risk of production shortfall in Iran and Venezuela and the risk of a price spike in the near term, causing “consumer anxiety”, is the most important reason underpinning the shift in Saudi Arabia’s policy stance since mid-May.
Chart of the week: Gas exploration boost needed to meet demand.
Gas is crucial for a transition to a net zero future and moving away from coal. Recent price hikes also risk making gas unaffordable for the poorest, further exacerbating the energy crisis.
#rystadenergy
#energy
Rystad Energy's Friday Snapshot: 6 of the 15 companies with the largest growth last year were majors, led by Chevron with increase of 180,000 boe/d. Majors’ success relates to projects sanctioned in 2010-2015, which are now starting to produce. UCube >
Rystad Energy's Friday Snapshot: History’s largest oil glut months away from topping world storage while tanker freight rates explode.
Read more here >
#RystadEnergy
#energy
#storage
Our experts have developed a whitepaper to capture our views on a pragmatic approach to the transition for those involved in the US oil and gas industry. Download your copy now >
#energytransition
#USoilandgas
Chinese battery manufacturer CATL has made a bold proposal to lock in more orders by giving favorable pricing to customers, while electric vehicle sales dip as market sentiment turns bearish.
Find out more on 28 Feb in our webinar "Recharging for 2023".
Spain is on track to generate more than half of its power from renewable sources this year, the first of the top five European countries by power demand to accomplish this feat.
#rystadenergy
#energy
#renewables
#power
CHART OF THE WEEK: Everything is bigger in Texas…even renewables! The state’s oil and gas industry has a long and storied history, but it has quickly and efficiently become the US leader in green power installations.
#rystadenergy
#energy
#renewables
#texas
Rystad Energy's Friday Snapshot: 60 000 wells were drilled globally in 2017 with 54% in North America, followed by Asia and Russia. Learn more about WellCube >
Decarbonizing the shipping industry is no longer an option, but a must. Several global organizations setting clear targets for carbon emission reduction.
Stay tuned for more insights that will help you build your strategy toward zero emissions in the shipping industry.
Sales of gasoline and diesel in Norway have remained relatively stable, falling only 10% in the last five years despite rapid EV adoption. But official figures don't tell the full story.
#rystadenergy
#energy
#evs
#norway
Rystad Energy saw the United Kingdom and Australia have the highest cash costs per boe in 2017. Both countries—along with Argentina and Egypt—saw over 40% of their respective cash costs absorbed by capital expenditures. Read full analysis here >
#oil
#OOTT
CHART OF THE WEEK: Inflation has stalked global energy markets throughout 2022, contributing to rising costs across the economy. As the energy transition gains momentum, renewable developments are facing the most intense inflationary pressures.
#rystadenergy
#energy
#inflation
Rystad Energy's Friday Snapshot: We expect a significant increase in rich gas production in 2018 in the US plays coming from completion activity in the Appalachian Basin and the associated volumes in the Permian Basin and SCOOP & STACK. NASReport:
#OOTT
As oil and gas production companies look for efficient and cost-effective methods of increasing their output, the well intervention market is set to get a healthy boost and top $58 billion in 2023.
#Rystadenergy
#energy
#wellintervention
Chevron will acquire Anadarko Petroleum in a deal valued at $50 bn. Rystad Energy founding partner and Head of Research Per Magnus Nysveen concludes: “We think the deal value price of $50 bn is surprisingly good for Chevron, as our base case valuation of Anadarko is $65 bn.”
CHART OF THE WEEK: Supply chain bottlenecks severely impacted US shale last year, most notably in equipment pricing and labor constraints. Sweeping congestion across major oilfields also resulted in lengthy delays of new wells coming on production.
#rystadenergy
#chartoftheweek
CHART OF THE WEEK: Polysilicon prices spiked in 2021 as demand outstripped supply when the core global supplier, China, went into lockdown.
This resulted in the first significant increase in PVs in recent history, but the spike will be short-lived.
The reinvestment rate of US shale oil producers hit a three-year high in the second quarter. But this is not a sign of operators returning to the "old days of aggressive capital expenditure and rapid production growth."
#rystadenergy
#energy
#shale
As featured in the BBC, Rystad Energy research shows that by the end of next year, if piped Russian gas falls to 0 and LNG makes up the shortfall then we will see an additional 35 million tonnes of imported upstream CO2 emissions compared to 2021.
Rystad Energy's Friday Snapshot: We see big improvements in free cash flows for E&P companies in 2018 and expect it to reach an all-time high of ~325 BUSD. Main reasons for growth are higher oil prices, lower costs and low investment levels. UCube>
CHART OF THE WEEK: The majority of CO2 emissions in LNG take place during liquefaction.
As the world seeks to decarbonize, there are nascent plans to use renewable energy to power the compressing process thereby reducing emissions.
#rystadenergy
#oilandgas
#gas
#lng
"Vaca Muerta could hold the key to Argentina’s future energy economy following more than a decade of oil production declines," says Alexandre Ramos Peon, our head of shale research.
#energy
#rystadenergy
#vacamuerta
#shale
On Argentina’s oil boom: “This is absolutely a once-in-a-generation opportunity,” says Alexandre Ramos-Peon, head of shale research at Rystad Energy.
Read more in Juan Pablo Spinetto's Bloomberg opinion piece here:
#rystadenergy
#energy
#vacamuerta
#oil
On May 6 Jon Andre Løkke, CEO of Nel Hydrogen will be joining us live on LinkedIn & Facebook for session 5 of the Energy Transition Marathon.
More:
#rystadenergy
#energytransitionmarathon
Olga Kerimova, Senior Analyst, discusses how "Ghana and Norway boast sub-40
#breakeven
prices for new
#offshore
#oil
projects" in Offshore Magazine. Read the full article here >
COTW: Colombia's offshore natural gas production could be an economically viable solution to recent domestic production declines. LNG will play a key role in the short term, but domestic gas could reach Colombians at lower prices in the long term.
#rystadenergy
#gas
#colombia
There is clear risk of a slower restart of Saudi Arabian oil production despite the optimistic guidance by Saudi Aramco following Saturday's attack ->
#SaudiArabia
#Oil
#OOTT