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Rystad expects $15bn of Australasia upstream projects to get nod - News for the Oil and Gas Sector

New upstream oil and gas projects worth about $15 billion will be sanctioned in Australasia this year, according to Rystad Energy’s forecast, marking a ....

Papua New Guinea , Santo Barossa , Beach Energy , Oil Search , Rystad Energy , Origin Energy , Pluto Train , Western Australia , பப்புவா புதியது கினியா , சாண்டோ பரோசா , கடற்கரை ஆற்றல் , எண்ணெய் தேடல் , ஆரிஜிந் ஆற்றல் , ப்லூடோ தொடர்வண்டி , மேற்கு ஆஸ்திரேலியா ,

Australasia in review: FID-rich 2021 to follow 2020's oil output surprise, renewables to set records

Australasia in review: FID-rich 2021 to follow 2020’s oil output surprise, renewables to set records - Rystad Energy
10 Feb 2021
Even though 2020 was the year oil and gas producers reduced output to balance the pandemic-hit demand, Australasia’s production did not only stay resilient, but it also rose a little, a
Rystad Energy report reveals. We estimate combined petroleum output across all products was 1.210 billion barrels of oil equivalent last year, little changed from 1.208 billion boe in 2019.
Within this, Australasia – Australia, New Zealand, Timor-Leste and Papua New Guinea – produced an average 160,000 barrels per day (bpd) of crude oil, an increase of about 3% from 2019. The largest contributor to crude oil production growth was Woodside’s Greater Enfield project, which is estimated to produce about 28,000 bpd. The region pumped condensate at an average rate of 265,000 bpd in 2020, down approximately 10% from 2019, while natural gas liquids (NG ....

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FID-rich 2021 to follow 2020's oil output surprise, renewables to set records

FID-rich 2021 to follow 2020’s oil output surprise, renewables to set records ....

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Offshore EPC investment primed for a rapid bounce-back in 2021

Offshore EPC investment primed for a rapid bounce-back in 2021 - Westwood Insight
02 Feb 2021
2020 will be remembered as one of the most challenging years in the history of the oil and gas sector. Oil consumption fell to levels not seen since 2001 and at one point US producers were paying to offload crude as the WTI price went negative for the first time ever. In the offshore sector, investment in new field developments was the lowest in over 30 years as companies of all sizes reacted quickly to the commodity price crash by slashing on average 30% from planned 2020 capex and postponing/stalling $54 billion of 2020 offshore EPC contract awards. ....

Estado Do Rio , Woodside Scarborough , Exxonmobil Payara , Woodside Sangomar , Equinor Breidablikk , Santo Barossa , National Oil Companies , Westwood Global Energy Group , Qatar Petroleum North Field , Petrobra Mero , Qatar Petroleum , North Field , Oil Companies , Marlim Revitalisation , Westwood Global Energy , எஸ்டாடோ செய் ரியோ , வூட்ஸைடு ஸ்கார்பரோ , சாண்டோ பரோசா , தேசிய எண்ணெய் நிறுவனங்கள் , வெஸ்ட்வுட் உலகளாவிய ஆற்றல் குழு , கத்தார் பெட்ரோலியம் வடக்கு புலம் , கத்தார் பெட்ரோலியம் , வடக்கு புலம் , எண்ணெய் நிறுவனங்கள் , வெஸ்ட்வுட் உலகளாவிய ஆற்றல் ,

Offshore EPC market set for rebound after 'torrid 2020': Westwood

1 February 2021 16:35 GMT
Updated
1 February 2021 16:35 GMT
in
London
The offshore engineering, procurement and construction market is expected to quickly recover this year, boosted by projects postponed from 2020 and a resurgent Petrobras, according to analysts Westwood Global Energy Group.
Westwood’s base case outlook for 2021, which assumes a Brent crude price averaging $50 per barrel, currently forecasts firm and already awarded offshore EPC contracts of around $29 billion with a further $12 billion of probable awards and $4 billion of possible awards, compared to the $12.3 billion awarded in 2020.
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Estado Do Rio , Woodside Scarborough , Thom Payne , Woodside Sangomar , Petrobra Mero , Equinor Breidablikk , Santo Barossa , Westwood Global Energy Group , Qatar Petroleum , Westwood Global Energy , North Field , Exxonmobil Operated Payara , எஸ்டாடோ செய் ரியோ , வூட்ஸைடு ஸ்கார்பரோ , தோம் பேந் , சாண்டோ பரோசா , வெஸ்ட்வுட் உலகளாவிய ஆற்றல் குழு , கத்தார் பெட்ரோலியம் , வெஸ்ட்வுட் உலகளாவிய ஆற்றல் , வடக்கு புலம் ,