AJOT | December 16, 2020 | Energy | Conventional | By The Numbers
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 is set to decrease by about 25% by the end of 2021, or by about 200,000 barrels per day (bpd) compared to current output levels, a Rystad Energy analysis shows.
AJOT | December 16, 2020 | Energy | Conventional | By The Numbers
During the summer of 2020, monthly exports of liquefied natural gas (LNG) from the United States were the lowest in 26 months but have since increased, and in November, estimated LNG exports surpassed the previous record set in January 2020.
AJOT | December 16, 2020 | Energy | Conventional | By The Numbers
The global onshore seismic market has had a devastating 2020 with a 27% slump in purchase value. Next year is set to be even more painful year as operators’ budget cuts will continue to strain the services sector, before a projected recovery in 2022, a Rystad Energy report shows.
AJOT | December 16, 2020 | Energy | Conventional | By The Numbers
Oil prices this week seem to get the blues in the mornings, as the market firstly digests bearish indicators, but then as positive news emerge from the vaccination front prices tick up again.
AJOT | December 15, 2020 | Energy | Conventional | By The Numbers
Today oil prices experienced a characteristic swing, caused by how sometimes trading focuses on different news when it moves from East to West.
AJOT | December 14, 2020 | By The Numbers
Christmas came early for oil prices as a combo of global medical, fiscal and geopolitical developments this week is helping Brent recover the 50+ dollar level it achieved last week.
AJOT | December 11, 2020 | Energy | Conventional | By The Numbers
Water disposal* in the Permian Basin is likely to hit a new all-time high in the fourth quarter of 2020, exceeding 1.3 billion barrels for the period for the first time in history, potentially further expanding Texas’ total water market which had already recovered close to its pre-Covid record in October, a Rystad Energy analysis projects.
AJOT | December 11, 2020 | Energy | Alternative | By The Numbers
From almost no offshore wind farms in 2015, Asia’s operational capacity has grown to more than 6 gigawatts (GW) today. Fueled by China’s growth, the continent’s installed base is expected to rise sixfold by 2025, when it will reach 52 GW and be almost on par with Europe, the global offshore wind leader, a Rystad Energy analysis shows.
AJOT | December 11, 2020 | Energy | Conventional | By The Numbers
Oil prices are heading for their highest weekly close since the Covid-19 pandemic started to really hurt in March, and unless some minor losses this morning get extended, Brent is on track to end the week with above the major psychological threshold of 50 dollars per barrel.
AJOT | December 04, 2020 | Energy | Conventional | By The Numbers
Reaching a consensus in OPEC has not been easy and the new deal is quite close to what the market was hoping for, so the oil price reaction today is understandable. Yet, despite the justified bullish reaction, caution is needed going forward.
AJOT | November 18, 2020 | Energy | Alternative | By The Numbers
A wave of green and blue hydrogen projects that are poised to be developed in coming years could unlock about $400 billion worth of spending for the service industry between 2020 and 2035, a Rystad Energy industry analysis reveals.
AJOT | November 18, 2020 | Energy | Conventional | By The Numbers
In August 2020, the Federal Offshore Gulf of Mexico (GOM) saw its largest monthly decrease in production of crude oil since September 2008, dropping by 453,000 barrels per day (b/d), or 27%.
AJOT | November 18, 2020 | Energy | Conventional | By The Numbers
Oil prices today are modestly rising on hopes that OPEC+ will decide to postpone its planned production increase in January and on the latest vaccine euphoria.
AJOT | November 17, 2020 | Energy | Conventional | By The Numbers
Projections from Initial reported leaks from the OPEC+ meeting today seem to align well with OPEC’s research report last week, where they expectedly painted a bleaker outlook for oil consumption trends next year.
AJOT | November 17, 2020 | Intermodal | Trucking | By The Numbers
With the ability to view rates based on the previous three days of actual freight bills, truckload pricing analysts benefit from closer to real-time data than any other benchmark in the industry
AJOT | November 17, 2020 | Energy | Conventional | By The Numbers
In the U.S. Energy Information Administration’s (EIA) November Short-Term Energy Outlook (STEO), EIA forecasts that U.S. crude oil production will remain near its current level through the end of 2021.
AJOT | November 17, 2020 | Energy | Conventional | By The Numbers
US’ shale oil output is set to decline this year thanks to the ravages of COVID-19, and as a result, 2020 average production is expected to fall by 3.1% year over year, or 7.5 million barrels per day (bpd) from 2019’s 7.7 million bpd, Rystad Energy estimates
AJOT | November 17, 2020 | Ports & Terminals | Ports | By The Numbers
In this month, the half million containers managed were exceeded for the second time (in August 503,482 TEUs were reached)
AJOT | November 16, 2020 | Energy | Conventional | By The Numbers
Despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades, exploration activity has been resilient this year. Found resources already exceed 8 billion barrels of oil equivalent (boe) and are projected to settle at around 10 billion boe by year-end, a Rystad Energy analysis reveals.
AJOT | November 16, 2020 | Energy | Conventional | By The Numbers
The amount of working natural gas in storage in the United States ended the natural gas injection, or refill, season (April 1–October 31) at 3,920 billion cubic feet (Bcf), according to interpolated data from the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report released on November 13.
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