Sales of certain diesel models are in free-fall as Norwegians turn to Tesla and other makers of premium electric vehicles (EV), Rystad Energy finds.
Rystad Energy has analyzed the oilfield service industry sectors with the highest percent change of employment, and found that the main driver of employment is shifting from shale to offshore.
US supermajor ExxonMobil could be looking to fetch as much as $3.1 billion through the sale of its Norwegian portfolio, according to Rystad Energy.
After several years in the doldrums, oilfield service companies are beginning to raise prices for their products and services, according to Rystad Energy.
OPEC nations may be at odds with each other, but all they need to do is extend their current crude oil cutbacks through the end of the year to help keep the market relatively balanced, according to a new report.
OPEC proposed mid-July meetings with its allies in Vienna to discuss extending production cuts, after talks between Russia and Iran made some progress toward resolving a standoff over the date.
The world’s publically listed oil and gas companies are bringing in cash at the best rate ever witnessed even though oil prices have only partially recovered from the huge drop suffered in 2014 and 2015, according to Rystad Energy.
A rapid rise in subsea tree installations is projected for the global offshore industry in the coming years, as operators are poised to boost expenditure substantially on subsea equipment and installation.
A global surge in final investment decisions (FIDs) on new oil projects could see sanctioned volumes almost triple compared to 2018's total, analysts have said.
After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be “elephant” finds, according to Rystad Energy.
A total of 33 floating production, storage and offloading (FPSO) vessels will be sanctioned between now and 2021, according to a new analyst forecast.
Life is looking up on the subsea front.
The oil and gas world is abuzz with news of a major gas find in the UK as operator CNOOC and partner Total unveiled the largest discovery in British waters since 2008.
After four years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, although the benefits won’t be spread equally across the companies who provide them everything from seismic surveys to pumps and turbines.
OPEC and its allies must cut oil production by 1.5 million barrels per day next year if they want crude prices to surge above $70 again, an analyst said today.
Subsea 7’s £1.4billion takeover bid for McDermott represents a move to “assume the throne” for the global subsea umbilicals, risers and flowlines market (SURF), according to analysts Rystad Energy.
Gas exports to Europe from Russia and Norway reached record levels last year, a new report said today.
The UK oil and gas industry is stirring back to life, with 13 fields expected to be sanctioned in 2018.
The number of delayed oil and gas projects sanctioned last year was more than double that of 2015 and 2016 put together.
Oil companies discovered less oil and gas this year — 7 billion barrels — than any year on record, the Norwegian research firm Rystad Energy reported on Thursday.
Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement.
The number of new field projects put on hold has increased from 40 to 63 in the past six months alone, according to a report. Senior analyst Readul Islam from Rystad Energy, said a total of $230billion in pre-development spending has also now been deferred. Islam said the drop in oil price has imposed stricter financial prudence on E&P players.