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GLOBAL ENERGY SCENARIOS 2024: THE TRANSITION IS ACCELERATING
Jon Ødegård Hansen, Lars Nitter Havro, Elliot Busby The energy transition is gain...
SPAIN SETS SIGHTS ON DOMINATING REGIONAL HYDROGEN MARKET
Spain is an established green energy leader in Europe, with its significant wind and solar genera...
GLOBAL OFFSHORE WIND INSTALLATIONS TO SURPASS 520 GW BY 2040
Global offshore wind projects have faced significant headwinds due to recent inflationary pressur...
RYSTAD ANALYSIS: OIL DEMAND TO GROW IN THE MID-TERM
Oil demand will rise further in the medium term, according to Rystad Energy research and modeling...
GLOBAL UPSTREAM OPPORTUNITIES EXPECTED TO FUEL M&A ACTIVITY IN 2024
After the biggest first quarter for global upstream dealmaking in five years, the industry could ...
RYSTAD’S ENERGY SUPPLY CHAIN REPORT HIGHLIGHTS POTENTIAL PRIZE FOR THE UK
A new report published by independent research and business intelligence company, Rystad Energy s...
AFRICA AND LATIN AMERICA SET TO LEAD HIGH-IMPACT WELL DRILLING IN 2024
The upstream industry hopes 2024 can be a bounce-back year for high-impact oil and gas drilling a...
RYSTAD: WHAT’S IN STORE FOR THE ENERGY SECTOR IN 2024
Hot off the heels of another tumultuous and eventful year for the global energy landscape, 2024 i...
FUTUREON AND RYSTAD LAUNCH REVOLUTIONARY COST ESTIMATION TOOL
FutureOn, the global energy software company, and Rystad Energy, a pioneer in energy cost estimat...
AFRICA WILL OVERTAKE EUROPE IN GEOTHERMAL CAPACITY BY 2030
Africa’s geothermal sector will attract at least $35 billion in investments by 2050, showin...
RYSTAD: NEW NATURAL GAS PRODUCTION IS NEEDED TO MEET DEMAND
Global gas demand is projected to rise in the next decade, thus influencing a 12.5% surge in prod...
CHINA’S SOLAR CAPACITY SURGES; EXPECTED TO TOP 1 TW BY 2026
China’s solar sector is set to break records in the coming years . When installed capacity ...
DEMAND FOR OFFSHORE WIND TOWERS TO SURPASS MANUFACTURING CAPACITY BY 2028
Offshore wind developments are a critical component of Europe’s energy transition plans, bu...
M&A BOOM IN SE ASIA TO SEE $5 BILLION OF UPSTREAM ASSETS FOR SALE
Southeast Asia will be a hotbed for upstream mergers and acquisitions (M&A) in the next two y...
EV SALES COLLAPSE AS SUBSIDIES AND TAX CREDITS COME TO AN ABRUPT HALT
The global electric vehicle (EV) market is reeling from one of the most dramatic collapses in mon...
ENERGY SERVICES SECTOR SET TO GROW TO $1 TRILLION IN 2025
Rystad Energy expects the global market for oil and gas contractors to rise to a peak of $1 trill...
FINLAND, DENMARK AND SWEDEN LEADING ON THE GREEN REVOLUTION
Long considered pioneers in renewables, the Nordic region is preparing to further grow its renewa...
ENERGY CRISIS: THE BEGINNING OF THE END FOR GAS-FIRED POWER IN EUROPE
Carlos Torres Diaz, Head of Power, Rystad Energy Gas-fired power generation, which is currentl...
EUROPE’S RENEWABLE ENERGY SUPPLY CHAIN UNDER THREAT
Record-breaking electricity prices across Europe are damaging the continent’s attempts to b...
FULL STEAM AHEAD: EUROPE TO SPEND $7.4 BILLION ON GEOTHERMAL HEATING
The European geothermal heating market, at one time dominated by only a handful of countries, is ...
EU REVENUE CAP MAY END UP CAPPING EUROPE’S RENEWABLE ENERGY AMBITIONS
The European Union’s emergency measures to tackle the region’s energy crisis may fall...
GLOBAL LNG INVESTMENTS SET TO PEAK AT $42 BILLION IN 2024
As the global energy crisis deepens and countries scramble to secure reliable energy sources, inv...
RUSSIAN CRUDE OUTPUT REBOUNDS STRONGLY, BUT HARD TIMES LIE AHEAD
Russia has so far demonstrated high resilience to the unprecedented pressure imposed by Europe an...
HIGH-IMPACT WELL ACTIVITY SET TO REBOUND THIS YEAR AFTER 2021 SLUMP
Drilling of high-impact oil and gas prospects is set to rebound this year after a disappointing 2...
US SHALE HEDGING LOSSES COULD TOP $10 BILLION THIS YEAR
US shale oil producers are in line to suffer more than $10 billion in derivative hedging losses t...
ALBERTA, ON TRACK TO BECOME RENEWABLES LEADER
The Canadian province of Alberta, home of the country’s oil and gas sector for decades, is ...
EU TAXONOMY WILL LEAD TO NEW NUCLEAR PROJECTS AND MORE EXPENSIVE GAS
The impact of the new EU taxonomy – the system that classifies which investments are sustai...
EUROPE’S POWER PAIN ARRIVES EARLIER THAN EXPECTED
Europe is heading into a predicted power crunch earlier than expected despite recent moves to cur...
RUSSIA COULD LOSE $85 BILLION IN TAX INCOME OVER URALS CRUDE PRICE DISCOUNTS
Russia’s government could lose as much as $85 billion in oil and gas tax income this year d...
GLOBAL OFFSHORE WIND CAPITAL EXPENDITURE TO MORE THAN DOUBLE IN 2030
Installations and investments in the global offshore wind industry are set to surge this decade a...
CORE US BASIN’S OIL PRODUCTION GROWTH TO OUTPACE RIVALS THIS YEAR AND NEXT
Permian oil production growth is set to outpace OPEC heavyweight Iraq this year and next as deman...
REPOWEREU: EUROPE’S BIG BUDGET AND BOLD ENERGY PLAN MAY FALL SHORT OF OBJECTIVES
The European Union’s REPowerEU seeks to reduce the European Union’s dependency on Rus...
PERMIAN DELAWARE OUTPUT TO HIT RECORD IN 2022
Total hydrocarbon production in the Permian Delaware Basin, the top-producing play in the Permian...
GAS STARVED EUROPE LOOKS TO AFRICA FOR NEW SUPPLIES
Africa is conservatively forecast to reach peak gas production at 470 billion cubic meters (Bcm) ...
LNG SUPPLY CRISIS WILL MAKE LANDFALL IN WINTER 2022
A liquified natural gas (LNG) crisis is brewing for European countries dealing with energy insecu...
BLOCKBUSTER YEAR FOR PUBLIC E&PS AS PROFITS SET TO SOAR TO $834 BILLION IN 2022
Public exploration and production (E&P) companies are on track to shatter previous record pro...
PEAK REVENUE: USD 2.5 TRILLION IN CASH TO FLOW FROM OIL AND GAS SECTOR TO GOV...
Sustained high commodity prices and increasing oil and gas supply are set to push upstream sector...
OFFSHORE WIND CAPACITY ADDITIONS IN EUROPE TO BREAK RECORDS IN 2022
New offshore wind capacity additions in Europe are poised to hit a record high this year, topping...
PERMIAN DRILLING PERMITS HIT ALL-TIME MONTHLY HIGH IN MARCH
Horizontal drilling permits for new wells in the Permian Basin hit an all-time high in March,...
WAR IN UKRAINE COULD WIPE OUT 1 MILLION BPD OF REGIONAL OIL DEMAND
War in Ukraine could result in as much as 1 million barrels per day (bpd) of oil demand being rem...
OIL AT $100 COULD TRIGGER AN ADDITIONAL 2.2 MILLION BPD OF US TIGHT OIL OUTPU...
Up to 2.2 million barrels per day (bpd) of US tight oil could be unleashed in the event of a supe...
SUPER-SIZED OFFSHORE WIND INSTALLATIONS COULD SUFFER BOTTLENECKS FROM 2024
Offshore wind turbines are growing in size as technology advances and demand for renewable energy...
GLOBAL OIL AND GAS INVESTMENTS TO HIT $628 BILLION IN 2022
Global oil and gas investments will expand by $26 billion this year as the industry continues its...
FPSO CONTRACTS SURGED TO PRE-COVID LEVELS IN 2021
The market for floating production, storage, and offloading (FPSO) units almost brushed off the p...
2021 GLOBAL OIL AND GAS DISCOVERIES PROJECTED TO SINK TO LOWEST LEVEL IN 75 Y...
Global oil and gas discoveries in 2021 are on track to hit their lowest full-year level in 75 yea...
AS FALLING COSTS MAKE NEW OIL CHEAPER TO PRODUCE, CLIMATE POLICIES MAY FAIL U...
Rystad Energy’s annual cost of supply analysis has revealed that costs within the upst...
SEISMIC VESSEL UTILIZATION RECOVERS TO PRE-COVID-19 LEVEL
The Covid-19 pandemic has been devastating for the seismic industry for several quarters, keeping...
ONSHORE PIPELINE PROJECT COSTS ARE SET TO INCREASE BY 4%-6% GLOBALLY BY THE E...
The costs associated with onshore pipeline projects are likely to increase by between 4% and 6% g...
WORLD’S RECOVERABLE OIL NOW SEEN 9% SLIMMER
Every year and following the publication of the BP Statistical Review, Rystad Energy releases its...
EXPECTED SURGE IN FPSO AWARDS IN 2021 AND 2022 IS SET TO DOUBLE FABRICATORS’ ...
Τhe FPSO market is booming this year, with more contracts awarded in the second quarter of 20...
GLOBAL PETROSTATES CAN FORGET TRILLION-DOLLAR OIL AND GAS TAX REVENUES AS ENE...
The global government income from oil and gas taxation fell to a multi-year low in 2020 of around...
UPSTREAM SPENDING, CUT BY $285 BILLION IN TWO YEARS
The toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn ...
A GAS BOOM IS COMING IN THE US
Natural gas production in the US is set to grow to a new record in 2022, at 93.3 billion cubic fe...
ELECTRIFICATION IN TRANSPORT AND OTHER OIL-DEPENDENT SECTORS IS ACCELERATING
The adoption of electrification in transport and other oil-dependent sectors is accelerating and ...
RYSTAD ANALYSIS: MODULES AND LABOR GET COSTS INCREASING IN SOLAR SECTOR
The cost of building solar farms has been declining for several years, making the renewable techn...
ROBOTS COULD REPLACE HUNDREDS OF THOUSANDS OF OIL AND GAS JOBS
Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new...
DRILLING ACTIVITY IS SET FOR TWO CONSECUTIVE YEARS OF GROWTH
After a challenging 2020, oil and gas demand recovery – supported by vaccination efforts an...
VACCINATION HICCUPS COULD PREVENT THE RECOVERY OF UP TO 1 MILLION BPD OF OIL ...
The vaccine distribution cycle was not expected to be perfect, but the recent spike in cases in E...
RENEWABLES SPENDING SET FOR NEW RECORD IN 2021
Capital expenditure for renewable energy projects is set for a new record in 2021, a Rystad Energ...
EXPLORATION ACTIVITY IN GUYANA TO SPEED UP
Guyana has started the year with an exploration disappointment as a partner in the ExxonMobil-ope...
WILDCAT SAFARI RUNNING DRY: ONSHORE SUCCESS RATE DIPS TO LOWEST ON RECORD
The success rate of global conventional oil and gas exploration has declined in recent years, but...
OFFSHORE PROJECT COMMITMENTS COUNT SET FOR RECORD IN COMING YEARS
Offshore project commitments are expected to not only recover going forward, but their number is ...
HIRING WAVE COMING: OFFSHORE WIND STAFF DEMAND TO TRIPLE BY 2030
The Covid-19 downturn has once again caused employment rates to plummet in the oil and gas indust...
BIG OIL INCURRED RECORD LOSS IN 2020, JOINT OUTPUT FELL BY 0.9 MILLION BOEPD
The downturn brought by the Covid-19 pandemic and the accelerating energy transition has created ...
MORE THAN 200 OIL PROJECTS CAN HIKE OUTPUT, AND PROFITS, FROM SUBSEA BOOSTING
The saying has it that in every crisis there is opportunity, and the oil industry is no exception...
RYSTAD ENERGY: AUSTRALASIA IN REVIEW
Even though 2020 was the year oil and gas producers reduced output to balance the pandemic-hit de...
AFRICA AND THE AMERICAS HOST MOST OF THE TOP 30 HIGH-IMPACT WELLS FOR 2021
Drilling of high-impact oil and gas prospects in 2020 suffered at the hands of the global pandemi...
GLOBAL INSTALLED OFFSHORE WIND CAPACITY TO SEE 37% GROWTH IN 2021, FUELED BY ...
Despite the Covid-19 pandemic, the world’s installed offshore wind capacity rose by 15% in ...
ARGENTINA’S VACA MUERTA TIGHT OIL DEPOSIT IS NOW PRODUCING AT RECORD LEVELS
The oil production decline that the Covid-19 pandemic brought to Argentina’s Vaca Muerta fo...
TOTAL OUTPERFORMED PEERS IN 2020, A YEAR OF COST REDUCTIONS AND POOR DISCOVERIES
Despite the devastating downturn of 2020, most global majors held up quite well during the market...
US DRILLED BUT UNCOMPLETED WELLS ALREADY AT PRE-COVID-19 LEVELS
The number of drilled but uncompleted wells (DUCs) that accumulated at the height of the pandemic...
US OIL PRODUCTS DEMAND SET FOR AN ADDITIONAL 350,000 BPD ‘BIDEN BOOST’ IN 2021
After a devastating 2020, Rystad Energy projected demand for oil products in the US to grow by 1....
THE UK OFFERS OPERATORS BEST PROFIT CONDITIONS TO DEVELOP BIG OFFSHORE FIELDS
This year marks the beginning of a recovery after a disappointing 2020, when the Covid-19 pandemi...
SHARE OF GAS FLARED IN THE PERMIAN FALLS TO ITS LOWEST LEVEL OF THE SHALE ERA
The share of gross gas output that is flared at the wellhead in the US’ prolific Permian Ba...
NORWAY IS 2020’S GLOBAL LEADER IN AWARDED ACREAGE IN CENTURY’S POOREST LICENS...
The end of this year is set to make 2020 the year with the fewest concluded licensing rounds of t...
CHINA TO BE TOP MARKET FOR ONSHORE SEISMIC IN THE NEXT TWO YEARS; GLOBAL RECO...
The global onshore seismic market has had a devastating 2020 with a 27% slump in purchase value. ...
THE WORLD WILL NOT HAVE ENOUGH OIL TO MEET DEMAND THROUGH 2050 UNLESS EXPLORA...
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despi...
OILFIELD SERVICE PURCHASES SET TO LOSE $340 BILLION UNTIL 2028 AS PEAK OIL IS...
The oilfield service (OFS) market is projected to lose a cumulative $340 billion in purchases val...
RYSTAD ENERGY: IF OPEC+ INCREASES OUTPUT IN JANUARY, A 200 MILLION-BARREL GLU...
As the world is aching to put an end to a devastating 2020, oil producers are now assessing the l...
THE WORLD MAY NOT HAVE ENOUGH HEAVY LIFT VESSELS TO SERVICE THE OFFSHORE WIND...
Offshore wind is booming, and as turbine and project sizes grow, demand for specialized insta...
GLOBAL E&P PLAYERS MAY INVEST $380 BILLION IN 2021, BUT ABOUT 20% IS AT RISK
Investments from global exploration and production companies (E&P) in 2021 are projected to r...
RYSTAD ENERGY: HYDROGEN OPENS A PROLIFIC SERVICE INDUSTRY
A wave of green and blue hydrogen projects that are poised to be developed in coming years could ...
US SHALE OIL OUTPUT SET TO STABILIZE IN 2021
US’ shale oil output is set to decline this year thanks to the ravages of COVID-19, and as ...
THE COVID-19 DOWNTURN SLASHED AUSTRALIA’S OIL AND GAS WORKFORCE BY A QUARTER
The Covid-19 pandemic hit Australia’s already declining oil and gas workforce hard, causing...
GLOBAL DISCOVERED OIL AND GAS RESOURCES SET TO REACH 10 BILLION BOE IN 2020, ...
Despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in deca...
GERMANY'S GAS DEMAND TO TOP 110 BCM BY 2034 AND NORD STREAM 2 IS THE CHEAPEST...
Germany’s gas demand, which is currently just above 90 billion cubic meters (Bcm) per year,...
COVID-19 AND ENERGY TRANSITION WILL EXPEDITE PEAK OIL DEMAND TO 2028 AND CUT ...
The Covid-19 pandemic and the acceleration of the energy transition have led Rystad Energy to sig...
OIL PRODUCTION COSTS REACH NEW LOWS, MAKING DEEPWATER ONE OF THE CHEAPEST SOU...
A comprehensive Rystad Energy analysis of oil production costs has revealed that the average brea...
RYSTAD ENERGY: UKCS PRODUCTION IMPACTED BY RESOURCE REVISIONS
Hydrocarbon production on the United Kingdom’s continental shelf (UKCS) has dropped steadil...
GEOTHERMAL POWER SET TO CLIMB TO 24 GW BY 2025, UPCOMING PROJECTS TO ATTRACT ...
Installed geothermal capacity is forecast to expand in the next five years as energy companies di...
GREEN HYDROGEN PLANS ALREADY TOP 60 GW, BUT LESS THAN HALF IS LIKELY TO OPERA...
Proposed green hydrogen projects are surging across the globe as governments seize opportunities ...
GLOBAL OFFSHORE OIL AND GAS PIPELINE DEMAND SET FOR 26% DROP IN 2020, BUT REC...
The global oil and gas market demand for large-diameter offshore pipeline, known as trunkline, is...
AUSTRALIA’S GAS AND COAL DEMAND FOR POWER HAS PEAKED
Australia’s top two electricity generation sources, coal and natural gas, have both seen de...
WHY DECOMMISSIONING A PLATFORM IN NORTHWEST EUROPE COSTS SO MUCH MORE THAN IN...
Platforms may be similar in characteristics and configuration, but the cost of decommissioning th...
TURKEY’S HOOKED TUNA GAS DISCOVERY COULD SAVE UP TO $21 BILLION IN IMPORT COSTS
The future development of Turkey’s giant Tuna-1 gas discovery could save the country up to ...
LATIN AMERICA’S RENEWABLE ENERGY CAPACITY SET TO SKYROCKET TO 123 GW BY 2025
Latin America is emerging as a green powerhouse, with some of the strongest renewable capacity gr...
EUROPE COULD SEE $35 BILLION IN CCS SPENDING TILL 2035, WITH MOST CAPACITY CO...
It’s been a long and costly two decades of carbon capture and storage (CCS) studies and tes...
LIBYA’S OIL BLOCKADE IS EXPECTED TO PERSIST FURTHER, SHRINKING UPCOMING GLOBA...
Libya’s oil blockade is now entering its seventh month and the war-torn country’s oil...
MORE OPEC+ OIL PRODUCTION FROM AUGUST AND COVID-19 SECOND WAVE TO CREATE A 4-...
The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new ...
FRAC IS BACK: US FRACKING SET FOR FIRST MONTHLY RISE THIS YEAR, THE PERMIAN I...
The Covid-19 downturn has caused a shocking decline in new fracking operations in the US, with mo...
OIL & GAS PROJECT SANCTIONING IN 2020 SET TO FALL BY MORE THAN 75% DESPITE AC...
Global project sanctioning is set for a staggering decline this year of over 75% from 2019 levels...
AMONG OIL MAJORS PROMISING RENEWABLE INVESTMENTS, ONLY EQUINOR IS PUTTING SER...
Among oil majors promising renewable investments, only Equinor is putting serious money on the ta...
GLOBAL E&P CAPEX WILL REACH AT LEAST A 13-YEAR LOW IN 2020 AS COVID-19 AND PR...
Global capital expenditure (capex) for exploration and production firms (E&Ps) is expected to...
NEW RESEARCH SHOWS THAT OIL MARKETS COULD BE STABILIZED
Rystad Energy has over the last year developed a model to give a more realistic simulation of...