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NEWS | OPEC+ first in person meeting since pre-Covid as 23 energy ministers meet in Vienna – Rystad Energy oil market note

All eyes turn to Vienna as OPEC+ meets in person today to discuss production targets.

NEWS | Top Oil and Gas M&A Deals in Africa in 2022

Driven by efforts by Africa’s national oil companies to optimize production and by majors’ exits in some of the continent’s hydrocarbons-rich basins, Africa’s oil and gas sector has recorded an increa (...)

NEWS | Rystad report record high payments to governments

As reported by Rystad earlier this week, Saudi Arabia is, unsurprisingly, set to top the table in terms of total cash flow to government from the sector this year, followed by the US and Iraq, with th (...)

NEWS | Oil could hit $240 per barrel if more Western countries join US embargo – An Extraordinary Rystad Energy Market Note

Oil prices could hit $240 per barrel this summer in the worst-case scenario if Western countries roll out sanctions on Russia’s oil exports en masse.

NEWS | Oil Price extremely volatile and expected to increase

Falling prices indicate the market has not fully realized the potential impact of lost Russian barrels on global supply, according to Rystad Energy.

NEWS | Oil slips on Covid vaccine efficacy concerns – Rystad Energy Oil Market Notes

Oil prices are falling today as concerns over the Omicron Covid-19 variant and the effectiveness of existing vaccines against the strain trigger bearish sentiments on global demand.

NEWS | Having hedged most of their output, US gas producers face billions in hedging losses next year

US gas producers are set to book billions of dollars in hedging losses next year because they hedged most of their 2022 production before the recent energy crunch caused gas prices to soar, a Rystad E (...)

NEWS | Most of 2022’s solar PV projects risk delay or cancelation due to soaring material and shipping costs

The surging cost of manufacturing materials and shipping could threaten 50 gigawatts (GW) – a staggering 56% – of the 90 GW of global utility PV developments planned for 2022, a Rystad Energy analysis (...)

NEWS | Offshore wind spending is closing the gap against O&G, will exceed it in more regions by 2030

Offshore wind spending is increasingly closing the gap on oil and gas (O&G) investments and is forecast to surpass them in several key markets by 2030, Rystad Energy analysis indicates.

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 (...)
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