Oil rig industry outlook
From weakening economic growth and intensifying trade tensions to global political risks, our 2020 oil and gas industry outlook takes stock of the main factors to watch in 2020. 2020 Oil and Gas Industry Outlook Walking the tightrope—vigilance required to keep moving forward in 2020 The Zacks Oil and Gas - Drilling is a 13-stock group within the broader Zacks Oil - Energy sector. The industry currently carries a Zacks Industry Rank #172, which places it in the bottom 32% of Zacks Industry Rank Indicates Improving Outlook. The Zacks Oil and Gas - Drilling is a 14-stock group within the broader Zacks Oil - Energy sector. The industry currently carries a Zacks Industry Rank #100, which places it in the top 39% of more than 250 Zacks industries. Offshore capex outlook: Transition to higher cost, ultra-deepwater resources. Low oil prices mean global capex is not expected to rise much over the next few years. This year, despite starting from a low base, we only expect growth of 4–6 percent, and most of that will be in the US onshore.
1 Jan 2020 Vastly slower U.S. oil growth this year and the prospect of a plateau for the industry no longer believes in drilling its way to success even at higher prices. As shale's outlook cools, the only oil producers maintaining annual
4 Dec 2019 These operators offer drilling rigs (both land-based/onshore and offshore), equipment, services and manpower to exploration and production From weakening economic growth and intensifying trade tensions to global political risks, our 2020 oil and gas industry outlook takes stock of the main factors to Offshore Drilling Rigs Market - Growth, Trends, and Forecast (2020 - 2025). The market is segmented by Type (Jackups, Semisubmersibles, Drill Ships, and 6 Dec 2019 Offshore drilling is mainly what this issue of Energized will focus on, as well as looking forward to the Offshore industry in 2020. 2019 was 9 Oct 2019 Offshore Drilling Market Size 2019 – Global Share, Leading Company Analysis, Research Methodology, Current and Future Plans by Forecast 23 Jan 2020 Global Oil and Gas Drilling Automation Market by Analysis & Forecast, 2020- 2024 - ResearchAndMarkets.com. January 23, 2020 12:34 PM 27 Jan 2020 EIA forecasts production will continue to grow as rig efficiency and the decline in the number of rigs until drilling activity accelerates in 2021. Drilling · Completions · Production · Industry Trends · Oil Prices · Digital Transformation In the January 2020 update of its Short-Term Energy Outlook, the U.S.
“We assume new contracts on ultra-deepwater rigs will be in the $200,000 to $225,000 per day range, on average, in 2019, increasing to about $250,000 per day in 2020, with some variation depending on the rig quality and location.” During the peak utilization times in 2013, high-end floater commanded dayrates of over $600.000.
27 Jan 2020 EIA forecasts production will continue to grow as rig efficiency and the decline in the number of rigs until drilling activity accelerates in 2021. Drilling · Completions · Production · Industry Trends · Oil Prices · Digital Transformation In the January 2020 update of its Short-Term Energy Outlook, the U.S. Is your rig data providing a truly global overview and perspective on the offshore drilling market? This comprehensive, in-depth forecast and analysis of the 27 Dec 2019 Increasing interest in offshore drilling owes much to the industry's success Overall rig demand is forecast to rise from 473 units in 2019 to 550 12 Feb 2020 oil rig REUTERS/Jim Urquhart. The Organization of the Petroleum to gauge the implications on the oil market in 2020," the report said. OPEC Global offshore drilling rigs market size is forecast to grow by USD 19.25 billion during 2018-2022 at a CAGR of 7%, with bottom-supported rigs having the
Global oil market outlook. 3 industry in the context of the main trends of global oil and active drilling rigs, leading to the need to hire more drilling crews.
29 Aug 2019 A recovery in the market is underway, with global offshore drilling rig utilisation rising, but OSV day rates have been slow to follow. 19 Dec 2019 In 2019 Tullow Oil made two high-profile oil discoveries on the Orinduik block, in exploration drilling and not-so-moderate rise in licensing activity. Equinor will focus on the western part of the frontier market in 2020 as the 28 Oct 2019 Tighter capital markets and declining rig counts are set to wipe out most of the The outlook for Houston's oil and gas sector is increasingly grim. So rather than saying things look bright for the oil industry in 2020, I'm afraid 13 Nov 2019 WATCH ABOVE: 2019 was an extremely difficult year for oil drilling and sector as the industry unveiled another disappointing drilling forecast
Oil and Gas Industry Outlook: Reviewing 5 Trends and Predictions for 2019 June 13, 2019 With Q1 2019 already behind us, now is the perfect time to review the trends, opportunities, and predictions made at the close of 2018.
4 Dec 2019 These operators offer drilling rigs (both land-based/onshore and offshore), equipment, services and manpower to exploration and production
2 Dec 2019 Trends in type curve results, permitting, rig counts, engineering, top Sentiment has been negative, causing the oil and gas industry to Outlook. 24Spurring Local. Economy. 35 Jackup. Rigs. 36 Tender. Assisted. Drilling As we usher in the year 2018, the uncertainty in the oil and gas industry . Rotary blasthole drilling rig market by type and application. The global market is expected to reach $3.50 billion by 2025 at a CAGR of 3.7%. The large-range Oil and Gas People first for breaking oil industry news from around the globe. and their battle for market share have made almost all U.S. shale drilling u. 20 Dec 2019 This article continues the tradition of writing recap and outlook for the next year for the offshore drilling industry (look here for articles on 2017,