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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.
NEWS |
OPEC+ meeting part 2 -Rystad Energy's take
The OPEC+ meeting restarted today and the market is in for surprises...
NEWS |
A different angle: Rystad Energy applies its modelling methods to explain the Covid-19 pandemic
In an unusual year, Rystad Energy has taken an uncommon step. Despite being primarily an energy-focused intelligence company, we have used our algorithms, models and analytical expertise to illustrate (...)
NEWS |
Oil prices correct gains that went too far - Rystad Energy comments (with extra bit on what to expect in 2021!)
Oil prices corrected some of the weekly gains today, but levels remain strong on overall market euphoria.
NEWS |
Rystad warns the world might not have enough oil to meet demand through 2050
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating energy transition – unless exp (...)
NEWS |
Hydrogen opens a prolific service industry as coming project spending bakes a $400 billion pie
A wave of green and blue hydrogen projects that are poised to be developed in coming years could unlock about $400 billion worth of spending for the service industry between 2020 and 2035, a Rystad En (...)
NEWS |
US shale oil output set to stabilize in 2021 as cost efficiencies offset falling operator capex
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 barrels per day (...)
NEWS |
The Covid-19 downturn slashed Australia’s oil and gas workforce by a quarter, effect will be lasting
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 (...)
NEWS |
Covid-19 and energy transition will expedite peak oil demand to 2028 and cut level to 102 million bpd
The Covid-19 pandemic and the acceleration of the energy transition have led Rystad Energy to significantly revise its long-term oil demand forecast.
NEWS |
OPEC+ meeting initial comment -Rystad Energy
It’s that time of the month again and all eyes are on the OPEC+ meetings.....
NEWS |
Europe could see $35 billion in CCS spending till 2035, with most capacity coming in the UK
It’s been a long and costly two decades of carbon capture and storage (CCS) studies and test centers. Now Europe has reached a stage where big-scale developments make financial sense and could trigger (...)
NEWS |
Oil keeps gains, but prices stay in the waiting room ahead of OPEC's meeting - Rystad Energy comments
Oil prices recorded gains in yesterday’s late session, which they are largely keeping intact this morning, as traders await for news from August’s most interesting event, tomorrow’s OPEC+ meeting.
NEWS |
US permits for new horizontal drilling dip to 10-year low, hinting no strong rebound in 2020 activity
US horizontal drilling activity in oil basins, which has plummeted due to the Covid-19 pandemic, is not likely to materially recover this year, a new Rystad Energy analysis shows. Drilling permits, wh (...)
NEWS |
Permian gas output will rise, but flaring could increase from 2023 if Covid-19 delays new pipelines
Gas output from the Permian Basin is expected to rebound relatively quickly in the second half of 2020 and will remain robust for years to come, Rystad Energy projects. However, the low-investment env (...)
NEWS |
Oil declines on US-China relations and Covid-19 - Rystad Energy comments
Oil prices lost some of their currency gains in yesterday’s late trading session and the trend continues this morning, with both Brent and WTI facing a modest decline.
NEWS |
Oil gains on surprise crude draws in the US but OPEC+ is the main show of the day - Rystad Energy comments
Oil storage is a complex thing and yet again API data show that we are in for a surprising move of crude stocks, due to be announced later today from the EIA.
NEWS |
After a poor 2020, FPSO awards are set to recover to seven vessels next year
Hit by the second industry downturn in five years, global awards for floating production, storage and offloading (FPSO) vessels will likely be limited to a single unit in 2020, Rystad Energy believes, (...)
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