Rystad Energy
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The oilfield services sector showed steady revenue growth in 2018 thanks, in part, to increased project sanctioning. With the oil price falling $20 in the past 2 months, however, the future may be murkier than expected. -
Financially healthier than in years past, operators are prepared to stave off the negative impacts of volatile oil markets in 2019 and advance their exploration and development programs.
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A report from Rystad Energy shows a near-term boost in the global floating production market, with more than 30 new FPSO projects possibly reaching sanction from 2019 to 2021.
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BHP Billiton lost billions during its foray into US shale, but that doesn’t mean it has soured on oil and gas—particularly when it comes to deepwater development.
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As rig counts continue to go up in the region, the Permian water disposal market is expected to see growth through 2021 with a possible record-high 8.4 billion bbl next year.
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Analysts at Rystad Energy, an oil and gas consulting and business intelligence data firm, anticipate a strong year ahead for North American shale oil producers.
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Low oil prices that forced operators to slash upstream spending budgets has led to the lowest level of discoveries in decades.
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