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The Covid-19 downturn has once again caused employment rates to plummet in the oil and gas industry. Even though some uptick is expected when…
The new energy policies brought forward by the Biden administration in the US are set to rock the country’s oil and gas industry. There has…
The saying has it that in every crisis there is opportunity, and the oil industry is no exception, with efficiencies and targeted investments being the…
Qatar’s move to sanction the $30 billion North Field Expansion project puts the country on track to return as the world’s largest LNG producer by…
The installed renewable capacity of the United Arab Emirates, which until recently was nearly non-existent, concluded 2020 at 2.3 gigawatts (GW), around 91% of which…
Despite the Covid-19 pandemic, the world’s installed offshore wind capacity rose by 15% in 2020, reaching 31.9 gigawatts (GW) at year-end, from 27.7 GW at…
The oil production decline that the Covid-19 pandemic brought to Argentina’s Vaca Muerta formation now seems like a distant memory. The reserve’s oil output has…
Despite the devastating downturn of 2020, most global majors held up quite well during the market turmoil, a Rystad Energy comparative analysis reveals after measuring…
The combined debt of North American E&P and oilfield service companies that filed for Chapter 11 bankruptcy protection last year jumped to $102 billion, surpassing…
The number of drilled but uncompleted wells (DUCs) that accumulated at the height of the pandemic has already subsided to pre-Covid-19 levels in the US,…
As the climate is changing, the Arctic is warming four times faster than global averages, causing the circumpolar Jetstream to weaken and move southwards. Consequently,…
After a devastating 2020, Rystad Energy projected demand for oil products in the US to grow by 1.08 million bpd in 2021 to 19.1 million…
The energy world is changing, and quicker than most experts predicted only a year ago. The adaptation of renewable energy technologies is accelerating, even during…
As Chapter 11 filings by US E&Ps continue to pile up, onshore oil production from companies that filed for bankruptcy in the last two years…
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the…
The oilfield service (OFS) market is projected to lose a cumulative $340 billion in purchases value over the next eight years, a Rystad Energy analysis…
As the world is aching to put an end to a devastating 2020, oil producers are now assessing the lasting effect of the pandemic into…
A Rystad Energy analysis of Europe’s real time traffic data has revealed that the road fuel demand destruction during the prevailing second wave of Covid-19-related…
Offshore wind is booming, and as turbine and project sizes grow, demand for specialized installation vessels will soar. The market for vessels capable of installing…
The ongoing energy transition combined with the effects of Covid-19 will drive future oil demand to lower levels than what was expected just months ago.…