Rystad Energy

We are excited to invite you to our traditional market briefing during ONS in Stavanger. This is a prime opportunity to gain invaluable insights and connect with industry leaders.   Agenda highlights   CEO keynote: Hear from our visionary leader on the industry's future. Global upstream market update: Stay ahead with the latest trends and forecasts. Supply chain market update: Navigate the complexities of the current supply chain landscape. Expand your network: Connect with peers and industry experts in an engaging and dynamic environment.   Use this opportunity to enhance your knowledge and expand your professional network.   Click to register: https://lnkd.in/deRPfTUw

The EU's Net-Zero Industry Act (NZIA) sets a supply capacity target of 36 gigawatts (GW) per year for the manufacturing of wind turbines. Learn more about wind market dynamics and trends in our Wind Trends Report. Download the condensed version here: https://lnkd.in/duTnwTNJ #windenergy #windsupply #winddemend

Chinese original equipment manufacturers (OEMs) and component suppliers in the wind industry are expanding their business to international markets due to intense competition in their domestic market, a new wave of oversupply and tightening profit margins. Find out more about wind market dynamics and trends in our Wind Trends Report. Download the condensed version here: https://lnkd.in/duTnwTNJ #windenergy #windsupplychain #winddemand

Chart of the week: As the global wind supply chain strives to catch up with growing demand, the total supply capacity is expected to increase by 19% year-over-year for blades and 7% year-over-year for nacelles in 2024. These global additions in new wind manufacturing capacity are driven mainly by investments in next-generation platforms in mainland China. While generous incentives are driving reshoring efforts in the USA, ramping up manufacturing capacity will be more challenging in Europe.   Read more about the future of the wind supply chain in our latest Wind Trends Report. Download the condensed version here: https://lnkd.in/duTnwTNJ #windenergy #windsupply #winddemand

The European Union (EU) targets a ban on Russian fuel imports by 2027. However, nearly half of Russia's pipeline gas supplies to Europe and Moldova are still passing through Ukraine, totaling 13.7 billion cubic meters (Bcm) in 2023. As the EU discusses the possibility of involving Azerbaijan in a future transit deal, the current five-year gas transit agreement between Russia and Ukraine is set to expire by the end of 2024, leading to concerns about the future flow of these gas volumes. Rystad Energy predicts that Russia's gas will need to be rerouted to Europe through alternative paths, requiring an additional 7.2 Bcm per year of liquefied natural gas (LNG) to replace the gas transiting Ukraine. Supply disruptions may occur sooner than initially expected, as indicated by the Austrian company OMV’s market warning in May. Dive into the details and read more in today's press release: https://lnkd.in/d3Vec9Hy #LNGmarkets #Gassupply #RystadEnergy

What’s the new normal for exploration? Is the oil and gas industry moving towards more skewed and focused exploration activity concentrated on basins and areas with proven potential and capability of fast-tracking developments. After a slight hiccup in 2020 and 2021, there continues to be increased positive sentiment among global oil and gas explorers, with conventional exploration spending flattening at around $55 billion to $60 billion to explore the remaining potential of mature basins as well as prospective underexplored or unexplored frontiers. Read the Thought Leadership: https://lnkd.in/d6XAiFFT #exploration #Guyana #oilandgasindustry

In today's dynamic environment, staying ahead involves more than just data—it requires actionable insights from extensive research and analysis. Rystad Energy enables energy companies to navigate the rapidly changing landscape. Our detailed insights encompass production, economics, prices, supply chains and essential materials, supported by forecasts of commodity pricing. Learn more https://lnkd.in/dz4EgR_9 #oilandgasindustry #rystadenergy #energy

Navigate the dynamic landscape of the energy industry with our comprehensive insights. From macro overviews to detailed data, we equip you to optimize your operations and strategically plan for the future. Learn more here: https://lnkd.in/dGKbZUP4 #nationaloilcompnaies #energyindustry #advisory

Global labor rates are set to rise across all trades, adding further strain to the supply chain in the coming years. Although every discipline will experience rate increases, the extent will differ by category and region. Mechanical engineering, for instance, is projected to grow nearly 25% faster than civil engineering. Regionally, the UK's engineering labor supply is anticipated to see accelerated growth, with rates up to 20% higher in 2025 compared to 2015. Discover more about the upcoming procurement risks and how to proactively plan for risk management: https://lnkd.in/dWH3MYAn #oilandgas #supplychain #oilandgasindustry

Offshore gas production in Southeast Asia is poised to unlock a $100 billion potential, driven by a flurry of planned final investment decisions (FIDs) expected to materialize by 2028, according to Rystad Energy’s latest analysis. This represents a more than twofold increase over the $45 billion worth of developments that reached FID from 2014 to 2023 and signals a surge for the region’s offshore gas industry - bolstered by deepwater projects, recent successful discoveries in Indonesia and Malaysia, and positive carbon capture and storage (CCS) advancements. Read more here: https://lnkd.in/dychqjxb #RystadEnergy #Asia #Upstream