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Sector: Power - Oil
Project Type: Greenfield
Project Status: Planning/Pre-development
Region: Europe
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Rystad Energy expects onshore Lower-48 production to fall short of the record high output of 11.37 million barrels per day (bpd) of oil, achieved in November 2023, until at least June of this year. However, this outlook faces serious downside pressure should the recent price downturn hold, forcing operators to cut back on rig activity.
DNV’s North Sea Forecast: Ocean’s Future to 2050 report forecasts that offshore wind will claim 9 percent of the North Sea space by 2050, and policies to promote cross-industry collaboration are required to ease spatial planning pressure.