Rystad

Breakeven costs for all unsanctioned oil projects have fallen to around $50/bbl on average, down around 10% over the last two years and 35% since 2014.  With oil production less expensive to produce versus six years ago, the “clear cost savings winner” is offshore deepwater development, according to Rystad Energy’s latest assessment.  Rystad’s cost of…

A roundup of news and commentary from NGI’s LNG Insight Tellurian Energy Inc. has named Charif Souki as executive chairman. Souki co-founded the company in 2016 and had been serving as nonexecutive chairman. The company is looking to better leverage his “marketing expertise and relationships” as its Driftwood LNG export project in Louisiana has struggled…

A sharp recovery in natural gas liquids (NGL) production projected in the Permian Basin won’t be enough to stave off a dramatic decline in overall U.S. output, which Rystad Energy is forecasting will tumble to under 4.2 b/d in 2021.

Hunkering down for Covid-19 has led to plenty of analysis about the loss in energy demand, but Rystad Energy has put a human face on the real tragedy, determining that more than 100,000 oil and gas jobs across the United States have been lost, most within necessary support activities.

The Organization of the Petroleum Exporting Countries and its allies, aka OPEC-plus, on Saturday agreed to extend May and June oil supply cuts for another month to continue rebalancing an oversupplied global crude market.

The Organization of the Petroleum Exporting Countries and its allies, aka OPEC-plus, on Saturday agreed to extend May and June oil supply cuts for another month to continue rebalancing an oversupplied global crude market.

Oil and gas companies around the world have announced plans to divest non-priority assets with recoverable reserves totaling some 12.5 billion boe since December 2019, according to new analysis by Rystad Energy.

Over the next five years, the world’s oil majors are expected to invest up to $17.5 billion into solar and wind energy projects, a Rystad Energy analysis projected.

U.S. oil and natural gas drilling activity has hit its lowest point since Baker Hughes Co. began publishing rig count data in 1987, the Energy Information Administration (EIA) said Wednesday.