Robots could save billions in drilling costs but risk oil & gas jobs, Rystad says

Robots could replace hundreds of thousands of oil and gas jobs and save billions in drilling costs by 2030, according to a report by Rystad Energy, a Norwegian energy intelligence firm. Even when the Covid-19 downturn is finally past us, … Read More

Offshore drilling set for two consecutive years of growth, Rystad says

After a challenging 2020, oil and gas demand recovery – supported by vaccination efforts and OPEC+ supply cuts – is proving good for drilling activity. Rystad Energy expects around 54,000 wells to be drilled worldwide in 2021, a 12 per … Read More

Offshore Wind Sector Will Require Threefold Increase in Workforce

Demand for offshore wind staff will triple by the end of the decade, surging to 868,000 full-time jobs from an estimated 297,000 in 2020. The hiring spree will already be visible in the middle of the decade as job demand … Read More

Rystad Energy: Offshore wind jobs to triple by 2030

Workforce demand in offshore wind will rise dramatically over the next decade, with the number of jobs in this sector reaching around 589,000 in 2025, while 2030 could see 868,000 full-time offshore wind jobs. Currently, it is estimated that around … Read More

Rystad highlights subsea boosting as opportunity for more than 200 oil projects

Subsea boosting could make an immediate increase in production profitably on more than 200 oil projects globally, according to Rystad Energy’s newly launched Subsea Processing Screening Tool. The increase in recoverable reserves for the top 100 projects, out of more … Read More

Rystad: Qatar to top LNG production charts after NFE FID

Qatar has been put back on track to become the world’s largest LNG producer by 2030, following Qatar Petroleum’s decision to approve the construction of the $30 billion North Field Expansion project. Courtesy of Qatargas More projects are expected to … Read More

Deep dive into oil and gas exploration – then, now, and ahead

With the oil and gas industry in early stages of pivoting to a lower carbon future, the level of investment drastically shrinking first during the 2014 downturn and then again, even quicker, during the 2020 downturn, what will become of … Read More

Norwegian marine minerals potential could be worth billions

Marine minerals could create 21,000 jobs and a $20 billion market for Norway in the next decades, Rystad Energy report says. Credit: NPD That is the most optimistic estimate in a new Rystad Energy report on excavation of offshore minerals … Read More

Rystad: Discovered oil and gas resources to reach 10 billion boe in 2020

Despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades, exploration activity has been resilient this year with discovered resources set to hit 10 billion boe in 2020, Rystad Energy stated. Energy intelligence firm Rystad … Read More

One quarter of global floating rig fleet could face scrapping as Covid-19 bites, Rystad says

An analysis by Norwegian energy intelligence firm Rystad Energy has revealed that one quarter of the global floater rig fleet could be scrapped as the Covid-19 pandemic accelerates restructuring in the offshore drilling market. The new downturn that the Covid-19 … Read More