Rystad Energy

Europe’s transition to a greener power sector is gaining speed, with North Africa set to be a key enabler of this process. Rystad Energy forecasts 73% of the continent’s electricity will come from clean sources by 2035, with imports from North Africa potentially delivering up to 24 gigawatts (GW) through subsea interconnectors, supplying Europe with a reliable stream of clean power. Read more in our recent press release: https://lnkd.in/d_icJgAf #Power #RystadEnergy

South America’s upstream sector holds a critical position in terms of the global energy landscape and, over the past decade, has contributed significantly towards overall conventional production as well as newly discovered volumes. More than 70% of the total supply from conventional oil fields, which started or are expected to start up between 2020-2030, will be attributed to the offshore supply segment. This rapid growth in the offshore sector coincides with the increasing development of projects utilizing floating production, storage and offloading (FPSO) vessels, led by South American countries, primarily Brazil and Guyana. Sanctioning activity remains key to enhancing future production, and South America is expected to see strong momentum in final investment decision (FID) activity out to 2030. The region leads in the cumulative conventional greenfield capex spent on the oil fields between 2020 and 2030, totaling $189 billion, majorly attributable to the offshore deepwater segment. While Brazil and Guyana lead the investments, the recently sanctioned $9 billion GranMorgu (x-Sapakara South and Krabdagu) field in Suriname will be put on stream by 2028. #upstream #FPSO #rystadenergy

As 2025 budgets are finalized, key discussions on commodity price forecasts, well performance, service cost reductions and gas drilling recovery timelines are front and center. Join our experts on October 8 for an insightful webinar exploring the trends shaping the North American shale industry in 2025, equipping you with data for better decision-making. Sign up now: https://lnkd.in/duPAsZtz #oilandgas #supplychain #shale

Discover the future of oil demand with our exclusive whitepaper. It features six distinct scenarios, ranging from 'Very Fast Transition' to 'Very Slow Transition.' Our analysis covers 13 demand sectors and shows how advancements in clean energy and shifting market dynamics shape global oil trends. Stay ahead of the curve and download your copy now: https://lnkd.in/dYu8a4bx

Shale project economics still reign supreme, but the cost of new oil production is rising. The average breakeven cost of a non-OPEC oil project is now $47 per barrel of Brent crude, a 5% increase in the last year alone. Read more in our recent press release: https://lnkd.in/dAiA9Kec

Don't miss our exclusive fireside chat with Luis Cabra, Deputy CEO of Repsol, on Thursday, 17 October, 10:45-11:05am BST during 2024 EMEA Energy Summit in London. Register today to join the conversation shaping the future of energy diversity: https://lnkd.in/dg8ai5de

Chart of the week: The US utility-scale renewable industry is expected to smash new installation records again this year, according to the latest research by Rystad Energy. More than 18 gigawatts (GW) of new onshore wind, solar and batteries has been installed through the first six months of the year, up 70% over 2023. We expect more than 40 GW of new renewable capacity to be installed in 2024, with the potential for up to an additional 10 GW of solar and storage, should construction timelines accelerate. Even so, project approvals as well high interest rates will remain a challenge for the industry going forward. Want to learn more? Watch our on-demand Renewables & Power webinar here: https://lnkd.in/dsJCKwAX Subscribe to our complimentary regional insights: https://lnkd.in/dBvDh2ZB Or contact our expert Geoff Hebertson. #RystadEnergy #exclusiveinsights #cleanpower #USRenewables

Hydrogen demand and production are skyrocketing, yet 70% of analysts say they lack hydrogen competence. Read more: https://lnkd.in/dJGgvsyx With its potential to decarbonize hard-to-abate sectors, hydrogen expertise is key to positioning yourself and your organization at the forefront of the energy transition. Join our one-day hydrogen masterclass to become a thought leader in an area poised to transform the clean energy market. Minh Khoi Le, Head of Global Hydrogen Research, will present expert insights, strategic foresight across the hydrogen value chain and a long-term outlook for hydrogen supply and demand. Spots are limited, so register today. Group discounts are available. Register: https://lnkd.in/dyw97wxB #hydrogen #energytransition

The future of energy is diverse. At our APAC Annual Summit, we have gathered leading experts to explore what's next. Anish Philips, Senior Analyst, Supply Chain Research; Wei Xiong, Vice President, Gas and LNG Markets Research; and Uma Devi, Analytics Editor, will provide insights into the innovations shaping energy diversity. With 20 years of research excellence, we are proud to host this milestone event. We look forward to seeing you in Singapore on 10 October. Sign up today: https://lnkd.in/d_QsjX8M #APACAnnualSummit #EnergyDiversity #APAC

Keep up with the rapidly evolving gas and LNG market. The condensed version of our most recent report offers an in-depth analysis of key trends, regional dynamics and emerging opportunities across the gas and LNG value chain in all major regions. Stay informed and ahead of the curve, get your copy now: https://lnkd.in/dfgbfCQT