dnv gl energy transition outlook – oil and gas Our model forecasts almost flat oil demand in the coming 15 years, with an eventual high in 2022. Offshore oil production is likely to gradually decline over the forecast period, from today’s level at 26Mbpd to less than half that amount in 2030 (figure 11). Although briefly hindered by platform outages and pipeline issues in December 2017, oil production in the GOM is expected to continue increasing in 2018 and 2019, based on forecasts in the EIA’s latest Short-Term Energy Outlook (STEO). EIA expects the GOM to account for 16% of total U.S. crude oil production in each year.

Nov 12, 2019 HOUSTON (Bloomberg) - Offshore oil production is expected to hit a peak in Meanwhile, two well-known shale pioneers last month forecast a  Nov 12, 2019 Offshore oil production is expected to hit a peak in 2020 before joining the Meanwhile, two well-known shale pioneers last month forecast a  Nov 21, 2019 EIA forecasts that production in the Federal Offshore Gulf of Mexico will increase by 138,000 b/d in 2019 and 116,000 b/d in 2020. monthly U.S.  Jan 14, 2020 The EIA forecasts that U.S. crude oil production will reach new records in 2020 and 2021. “With global oil inventories forecast to build during the first half of 2020, The Implications of CBP's Offshore Jones Act Changes.

As supply increases and oil prices rise, volatility will continue to drive strategy. which dropped nearly 45 percent between 2014 and 2016 is now forecast to rise 6 In other regions, Tullow won offshore licenses in Peru and Cote d'Ivoire, 

Overall rig demand is forecast to rise from 473 units in 2019 to 550 units in 2021, an increase of 16 percent according to IHS forecasts. EIA lifts US crude oil production forecast for 2019. In its October Short-Term Energy Outlook, the US Energy Information Administration forecast that US crude oil production will average 11.8 million b/d in 2019, which is 300,000 b/d higher than the forecast in its September STEO. The total petroleum production in January 2020 is about 20.1 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 8.1 MSm3 o.e. of oil, about 1.6 MSm3 o.e. of NGL and condensate and about 10.4 MSm3 o.e. of gas for sale. The total volume is equal to January 2019. The United States will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets according to the International Energy Agency’s annual oil market forecast. By the end of the forecast, oil exports from the United States will overtake Russia and close in on Saudi Arabia, bringing greater diversity of supply.

Nov 28, 2019 Despite breakeven costs reduced to a reported $40/bl, the outlook doesn't Ranked by oil production, the top four are Shell Offshore (99mn bl; 

Overall rig demand is forecast to rise from 473 units in 2019 to 550 units in 2021, an increase of 16 percent according to IHS forecasts. EIA lifts US crude oil production forecast for 2019. In its October Short-Term Energy Outlook, the US Energy Information Administration forecast that US crude oil production will average 11.8 million b/d in 2019, which is 300,000 b/d higher than the forecast in its September STEO. The total petroleum production in January 2020 is about 20.1 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 8.1 MSm3 o.e. of oil, about 1.6 MSm3 o.e. of NGL and condensate and about 10.4 MSm3 o.e. of gas for sale. The total volume is equal to January 2019. The United States will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets according to the International Energy Agency’s annual oil market forecast. By the end of the forecast, oil exports from the United States will overtake Russia and close in on Saudi Arabia, bringing greater diversity of supply. This statistic shows the oil production capital expenditure worldwide by region from 2010 to 2014, with forecasted figures for 2015 to 2021, in billion nominal U.S. dollars. In 2014, the capital expenditure on oil production in North America was some 205 billion nominal U.S. dollars. In 2021, it is forecasted to be 145 billion nominal U.S. dollars. Over the long term, we expect to see average oil prices in the USD65-75/bbl range, with supply growth primarily from OPEC, US shale, and a few offshore basins that break even below USD75/bbl. However, we also anticipate that demand growth will hit its peak in the early 2030s due to slow chemicals growth and peak transport demand driving down

The global Offshore Oil and Gas market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. This report focuses on Offshore Oil and Gas volume and value at global level,

Based on EIA’s latest Short-Term Energy Outlook’s expected production levels at new and existing fields, annual crude oil production in the GOM will increase to an average of 1.9 MMbpd in 2019 and 2.0 MMbpd in 2020.

Jan 14, 2020 More than $92 billion of new offshore oil and gas projects were given able to compete with the shorter-cycle onshore shale production that 

EIA forecasts that the Bakken region will have the next largest crude oil production growth in 2019, and it is forecast to grow by 152,000 bpd in 2019 and 96,000 bpd in 2020.

Although Rystad Energy forecasts an increase in global offshore investments from 2019, whether they grow in a healthy manner remains to be seen. As mentioned, investments declined approximately 50% during the four-year period from 2014 to our forecast for 2018. Based on EIA’s latest Short-Term Energy Outlook’s expected production levels at new and existing fields, annual crude oil production in the GOM will increase to an average of 1.9 MMbpd in 2019 and 2.0 MMbpd in 2020.