Global discoveries of conventional resource volumes reached just 4.9 billion barrels of oil equivalent (boe) in the first half of 2020, Rystad Energy estimates, the weakest-performing first half of the 21st century. The resource volumes […]
Iraq produced more than 650,000 barrels per day (bpd) above its target output level in May and is now being asked to make up for its non-compliance in future months. Rystad Energy estimates Iraq’s actual […]
A Rystad Energy cost analysis of the Norwegian pipeline operator Gassco’s proposed options to export the country’s Arctic natural gas resources, shows that the expansion of Norway’s pipeline infrastructure is a more viable solution compared […]
A Rystad Energy assessment of the temporary tax relief package for the petroleum industry that Norway recently approved reveals that the move will improve exploration and production companies’ short-term liquidity and reduce breakeven prices for […]
The COVID-19 pandemic has landed a lasting blow to both oil and gas markets. Global oil production has absorbed the lion’s share of the impact, but natural gas output, which was previously set to grow, […]
The global energy industry downturn at the hands of COVID-19 has not only hurt immediate revenues, but is also affecting national infrastructure and energy policy planning. A Rystad Energy analysis shows that gas resources around […]
Global demand for oilfield services (OFS), measured in the total value of exploration and production (E&P) company purchases, is set for a massive 25% yearly drop in 2020 as a result of the COVID-19-caused downturn, […]
The 2020 release of Rystad Energy’s annual global energy outlook reveals that the COVID-19 downturn will expedite peak oil demand, putting a lid on exploration efforts in remote offshore areas and as a result reducing […]
A global decommissioning services consortium has substantially strengthened its capabilities with the addition of a specialist heavy lift vessel-owner operator. Dutch offshore services provider OOS International joins the already successful consortium, alongside industry leaders Lloyd’s […]
The US output of natural gas liquids (NGL), which reached an all-time high of 5.3 million barrels per day (bpd) as recently as March 2020, is poised for a steep 2-year decline, Rystad Energy’s base […]
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