Sales of certain diesel models are in free-fall as Norwegians turn to Tesla and other makers of premium electric vehicles (EV), Rystad Energy finds. Norway is leading the global shift towards private EV transportation, with […]
The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance with as many as 24 FPSO awards expected by 2020, driven to a great degree by Brazil. South […]
Recent developments in the oil market have sent cold shivers through Rystad Energy’s oil market team, calling into question its temporary bullish view for the first part of 2020 linked to the new IMO shipping […]
Hydraulic fracturing operations in the Permian shattered old records in June, according to Rystad Energy. The prolific shale basin in Texas and parts of New Mexico in the US has reached new heights in terms […]
Rystad Energy has analysed the oilfield service industry sectors with the highest percent change of employment and found that the main driver of employment is shifting from shale to offshore. Increased activity in onshore shale […]
Overall offshore project sanctioning in 2019 has surpassed the USD 50 billion mark, driven by Saudi Aramco’s recently announced USD 18 billion worth of project commitments associated with the Marjan and Berri expansion projects. This […]
Global discoveries of conventional oil and gas continue to show promising growth, with new finds totaling 6.7 billion barrels of oil equivalent (boe) in the first half of 2019, according to the mid-year assessment of […]
Natural gas prices in Europe have plummeted thanks to a rising gas export war between Russia and the US, much to the delight of European consumers. European natural gas prices are at a historical low […]
Africa is taking the lead in the next phase of global LNG mega-projects. 2019 will shatter previous records for the industry. Rystad Energy forecasts that LNG greenfield investment in 2019 will reach nearly USD 103 […]
US supermajor ExxonMobil is looking to sell its Norwegian upstream assets. The portfolio has an estimated value of USD 3.1 billion, according to Rystad Energy*. Rystad Energy partner Simon Sjøthun notes that a sale of […]
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