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NEWS | Rystad Energy: China set to splurge over US$120 billion on services and drill 118 000 wells through 2025

China is looking to pump up oil and gas production in the years ahead to meet climbing domestic demand and reduce the record-high share of imports in its oil consumption.

NEWS | Rystad Energy: Hurricane Ida paves way for price volatility

Rystad Energy’s initial assessment of Hurricane Ida’s impact on US oil production and refinery capacity estimates a peak daily supply curtailment of 1.8 million bpd in the Gulf of Mexico, which curren (...)

NEWS | Rystad: World’s recoverable oil down 9%

The amount of remaining recoverable oil resources in the world is 9% lower than last year, according to a new Rystad Energy assessment, which also showed that oil production and consumption can align (...)

NEWS | Oil on a bullish momentum as OPEC+ policy rift drags on - Rystad Energy comments

Oil prices are rising today as a result of a disagreement between OPEC+ members on how much supply the alliance should bring back to the market from August, which drags on since last week.

NEWS | Oil up on hopes OPEC+ may address the Indian demand destruction -Rystad Energy comments

Oil prices are ticking up today on trader hopes that OPEC+ may address India’s demand destruction with supply policy amendments in its coming meeting.

NEWS | Anniversary comment on negative oil prices by Rystad Energy's Head of Oil Markets

It’s been almost a year since the day oil prices turned negative as a result of the Covid-19 downturn....

NEWS | Oil rises on OPEC+ meeting expectations -Rystad Energy comments

Oil prices rose on Thursday as the market expects the OPEC+ alliance to maintain current production levels and not bring back any of its curtailed output due to the lagging oil demand recovery.

NEWS | Oil falls on Suez Canal blockade breakthrough and increasing Covid-19 cases -Rystad Energy comments

Oil prices fell on Monday as the Suez Canal blockade is getting closer to a resolution and as global Covid-19 infections rose for a fifth consecutive week.

NEWS | Robots could replace hundreds of thousands of oil and gas jobs, save billions in drilling costs by 2030

Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better equipped to withstand future market declines. In a report tha (...)

NEWS | Rystad Energy: Spending gap narrows between renewables and oil and gas

Capital expenditure for renewable energy projects is set for a new record in 2021, a Rystad Energy analysis shows, forecast to reach US$243 billion, and narrowing the gap with oil and gas spending, wh (...)

NEWS | Renewables spending set for new record in 2021, luring service suppliers as oil and gas gap narrows

Capital expenditure for renewable energy projects is set for a new record in 2021, a Rystad Energy analysis shows, forecast to reach $243 billion, and narrowing the gap with oil and gas spending, whic (...)

NEWS | Oil dips on US stocks projections and Covid-19 vaccine setbacks - Rystad Energy comments

Oil prices are declining today as the market fears crude stock levels in the US could rise again and as the speed of the global oil demand recovery is under threat amid Covid-19 vaccination campaign s (...)

NEWS | Oilfield workforce shrinks in 2021, giving up all last year’s gains

The hired hands of America’s oil patch have now lost all the job gains they made during a brief recovery last year, according to a trade group.

NEWS | Offshore Oil and Gas project Commitments to Hit New Records, Rystad Says

Offshore oil and gas project commitments are expected to not only recover going forward, but their number is also set to reach a new record in the five-year period towards 2025 - cumulatively almost 6 (...)

NEWS | Eni Secures North Sea License

Eni reported Tuesday that it has won a new production license in the U.K. sector of the North Sea.

NEWS | Automated Pressure Control System

Great new order and customer success from a global company whose technology and engineering come together to create solutions for profound challenges facing the world across a range of industries and (...)

NEWS | Namaka Subsea’s Global Personnel Network

Since the company began trading in 2014 Namaka Subsea has provided consulting services to operators and contractors within the subsea industry.

NEWS | Offshore project commitments count set for record in coming years, deepwater to have top growth

Offshore project commitments are expected to not only recover going forward, but their number is also set to reach a new record in the five-year period towards 2025, cumulatively almost 600 projects, (...)

NEWS | Rystad Energy's morning comment breaks down what to expect from the coming OPEC+ meeting

Oil prices stated the day with optimism after several days of trimming February gains, as markets hope for positive news from this month’s coming OPEC+ meeting.

NEWS | Rystad Energy: Offshore wind to be the new hiring haven

The COVID-19 downturn has once again caused employment rates to plummet in the oil and gas industry. Even though some uptick is expected when the recovery arrives, employment will never return to the (...)

NEWS | Hiring wave coming: Offshore wind staff demand to triple by 2030, hundreds of thousands needed

The Covid-19 downturn has once again caused employment rates to plummet in the oil and gas industry. Even though some uptick is expected when the recovery arrives, employment will never return to the (...)

NEWS | 200 oil projects that could increase output and profits by adopting tech

Rystad Energy highlighted the potential for subsea boosting, identifying over 200 projects globally where the technology could make an immediate impact by increasing production profitably.

NEWS | Oil rises on projected US crude draws and vaccine confidence -Rystad Energy comments

Oil prices continue their phenomenal rally on projections that US storage levels fell last week and on confidence that vaccine production and distribution will accelerate.

NEWS | Global installed offshore wind capacity to see 37% growth in 2021, fueled by China

Despite the Covid-19 pandemic, the world’s installed offshore wind capacity rose by 15% in 2020, reaching 31.9 gigawatts (GW) at year-end, from 27.7 GW at the end of 2019, Rystad Energy estimates.

NEWS | Oil rises on OPEC+ meeting and Gulf tensions -Rystad Energy comments

Oil prices rose on Tuesday after Monday’s OPEC+ conservatism and helped by rising tensions in the Gulf.
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