Rystad Energy

We’re excited to host our first Rio Energy Forum on 6 June from 11:30am to 5:30pm BST at the Fairmont Rio de Janeiro Copacabana. Join us for lunch, insightful presentations and networking with our local team and your industry peers. Our team of experts will cover topics across the energy landscape, including macro-oil trends, reserve replacement requirements, inflation, supply chain bottlenecks, gas and LNG and much more. Secure your spot now: https://lnkd.in/d6jUfv_g #RystadEnergy #RioEnergyForum #oilandgas #RioDeJaneiro #LATAM #energy

Chart of the week: The rapid expansion of artificial intelligence, high-performance computing and crypto-currency mining has sent big-tech companies on a worldwide hunt for suitable locations to build energy-intensive data centers. Norway is an attractive location due to its historically low power prices, a high share of clean hydropower and a cold climate that provides natural cooling for the significant amount of heat generated. To indicate the profitability potential of AI data centers in Norway in terms of break-even power prices, Rystad Energy calculates the break-even power price for OpenAI's GPT-Turbo. Then, it is compared with Norwegian power prices and the break-even power prices for blockchain mining. The breakeven power prices of AI services are significantly above the historical and forward power prices in all power markets in Norway. Blockchain mining, on the other hand, requires significantly lower power prices and the breakeven price heavily depends on whether it is in a bullish or bearish territory. Join our on-demand webinar to gain valuable insights into the dynamics of Europe's energy sector: https://lnkd.in/d5KgfyYC

The global lithium-ion batteries (LIBs) market experienced significant expansion in 2023, driven by falling costs, enhanced energy density and quicker response times. These factors have led to their extensive use in various applications, from electrical vehicles (EVs) to consumer electronics and energy storage systems. Our new Energy Macro Report provides insights into the key trends shaping the battery market in 2024, including supply and demand updates, battery energy storage, EVs, materials, cost and price and the latest developments in battery recycling. Download the report now https://lnkd.in/dthH4XuF #battery #batterymetals #batteries #BatteryElectricVehicles #batterystorage #rystadenergy #energy

In the coming years, the supply chain will be dominated by fluctuating category pricing, capacity challenges and geopolitics, requiring more long-term strategic procurement to be considered. In the face of these challenges, procurement professionals need to shift their focus from purchasing to procurement to manage the increasing risk in the supply chain. However, the right procurement strategy depends on business models, category type and geographic exposure. Our recent article addresses these concerns: https://lnkd.in/dmq6BjUu #supplychain #oilandgas #energytransition

As the energy transition continues at pace, reducing the carbon footprint of traditionally high-emitting industries is increasingly crucial to limiting global emissions. Of these hard-to-abate sectors, steel manufacturing is one of the most challenging. Despite incentives and tax breaks designed to promote the production of green steel – produced using zero-carbon electricity – European steel mills are facing an up-hill struggle. The long-term economic viability of green steel versus grey steel – produced using fossil fuels – is in serious jeopardy, with the environmentally-friendly material costing up to €1,000 ($1,072) per tonne more than the alternative. To close the gap, taxes on grey steel would need to be around €500 per tonne of carbon dioxide (CO2), a sharp increase from the current €60 per tonne tax, or governments would need to offer substantial incentives to produce green steel. Read more here: https://lnkd.in/d9jZviR9 #Steelmills #RystadEnergy #EnergyTransition

After the biggest first quarter for global upstream dealmaking in five years, the industry could see another $150 billion of merger and acquisition (M&A) deals in the remainder of 2024. With global M&A deal value crossing the $64 billion mark already this year, it represents the strongest first-quarter performance since 2019 and a 145% increase on the first quarter of 2023, fueled primarily by consolidation in the US shale patch. Deals in North America totaled $54 billion in the first quarter of the year, about 83% of the worldwide total, with the region continuing to be the driving force for the remainder of 2024. Read more here: https://lnkd.in/d5XY7k2a #rystadenergy #upstream

Xi Nan, our Senior Vice President of Gas and Power Market Research, participated in a panel discussion at #FlameConf in Amsterdam this week. Alongside other industry experts, she discussed the future need for LNG in Europe after 2040 and explored a targeted decarbonization pathway for the continent’s energy mix. If you're interested in learning more about our research in the field of gas and LNG, you can listen to the session "How big is the flame? The role of Gas, LNG and CCUS" from our recent Energy Transition Marathon. All sessions are available on demand. https://lnkd.in/dwG5fwYd

Russian oil production has remained strong despite sanctions imposed by Western countries in the wake of Russia’s invasion of Ukraine. The country’s gas and liquefied natural gas (LNG) industries, on the other hand, have suffered due to limited pipeline infrastructure and reliance on Western companies. Rystad Energy expects Russian piped gas to China to increase due to new infrastructure, but the outlook for Russian LNG is less rosy. The Kremlin has set an ambitious plan to commission 100 million tonnes of LNG capacity by 2030 but our forecasts show the country will miss that target by as much as 60 million tonnes. https://lnkd.in/dujXm3kv #LNGmarkets #RystadEnergy #energyindustry

What will the energy landscape look like in 2030? The 2024 Energy Transition Marathon is now available on demand. In this digital event, we address topics across the energy spectrum. In addition to Rystad Energy specialists, we are fortunate to be joined by prominent industry leaders and experts in their space. Please sign up and watch the on-demand webinar now https://lnkd.in/ds8ycRZE #EnergyTransitionMarathon #EnergyTransition #energy #Webinars Jarand Rystad Anne Ekern Lars Eirik Nicolaisen

International suppliers to energy industries compete in complex markets against local, regional and global companies with sophisticated procurement and bidding practices. Our latest whitepaper dives into the main contractor workflows, ranging from company acquisition, divestiture and partnership evaluation to project costing and business development opportunities. All of this underscores how third-party research can assist with complex decision-making processes, benefitting leaders at all levels of an organization. Download your complimentary copy: https://lnkd.in/d38qjT-e #supplychain #cleanenergy #oilandgas