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…
Rystad
Articles from Rystad
The Offtake: LNG in Brief
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…
June 23, 2020
NGI The Weekly Gas Market Report
‘Inevitable’ Downturn Seen in U.S. NGL Production, but Midstreamers Appear Optimistic
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.
June 17, 2020
NGI The Weekly Gas Market Report
U.S. Oil, Gas Jobs Lost Since Lockdowns Estimated at 100,000-Plus, with Wages Seen Falling 8-10% 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.
June 12, 2020
Oil Market Tightening Said Imminent As OPEC-plus Extends Cuts Another Month
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.
June 8, 2020
NGI The Weekly Gas Market Report
OPEC, Allies Extend Supply Cuts Another Month, Signaling Tightened Market Ahead
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.
June 8, 2020
NGI The Weekly Gas Market Report
Majors Seeking to Streamline Portfolios through Oil, Natural Gas Asset Sales Amid Covid-19 Impacts, Rystad Says
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.
June 3, 2020
Equinor Dominates in Renewable Investments While Other Oil Majors Face Capex Cuts
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.
June 1, 2020
NGI The Weekly Gas Market Report
U.S. Oil, Natural Gas Rig Count at Record Low as Demand Recovery Sputters
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.
May 20, 2020
NGI The Weekly Gas Market Report
Haynesville Natural Gas Output Seen Down to 2023, but Henry Hub Gains Could Alter Track
The Haynesville Shale, the second largest dry natural gas producing area in the United States, is positioned for a 20% decline in output and activity to 2023 if Henry Hub prices were to maintain an average of$1.80-1.90/MMBtu.
May 12, 2020
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