Africa’s installed capacity of renewable energy, which stood at 12.6 gigawatts (GW) in 2019, is set for consecutive years of growth, a Rystad Energy analysis shows. The continent’s capacity is forecast to reach 16.8 GW […]
Investments from global exploration and production companies (E&P) in 2021 are projected to reach around USD 380 billion, almost flat year-on-year, a Rystad Energy report shows. About 20% or USD 76 billion of the estimated […]
A wave of green and blue hydrogen projects that are poised to be developed in coming years could unlock about USD 400 billion worth of spending for the service industry between 2020 and 2035, a […]
The COVID-19 pandemic hit Australia’s already declining oil and gas workforce hard, causing a loss of over 28,000 jobs this year, equivalent to a quarter of the country’s total count, a Rystad Energy analysis reveals. […]
US’ shale oil output is set to decline this year thanks to the ravages of COVID-19, and as a result, 2020 average production is expected to fall by 3.1% year over year, or 7.5 million […]
Despite concerns that COVID-19 could drive down discovered volumes to their lowest levels in decades, exploration activity has been resilient this year. Found resources already exceed 8 billion barrels of oil equivalent (boe) and are […]
The average price for US onshore shale acreage has declined by more than 70% in 2 years, a Rystad Energy analysis shows, plunging to USD 5,000 per acre in 2020 from USD 17,000 per acre […]
Germany’s gas demand, which is currently just above 90 billion cubic metres (Bcm) per year, is set to increase to more than 110 Bcm by 2034, but as future supplies from Norway and the Netherlands […]
Bolivian gas is set to become a scarce commodity in coming years and as a result, importers Argentina and Brazil will face a challenge. The two countries, whose combined gas demand is set to grow […]
As around 75% of Mexico’s oil and gas producing wells are ageing, intervention activities should remain resilient in the years ahead, likely surpassing USD 3 billion from 2021 to 2023, a Rystad Energy analysis shows. […]
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