Oil Economy Focus Rapid Review
An analysis by Rystad Energy shows that a recent surge in offshore oil and gas Final Investment Decisions has set the stage for a significant increase in offshore investments next year. This will be the first time that shale investments will not overtake offshore. In terms of spending, offshore is on the rise, investors having been stimulated by a steep reduction in offshore costs and breakeven levels which in turn have been driven by favorable unit prices. Growth levels for shale however are slowing, the sector having been affected by logistical challenges, takeaway capacity bottlenecks and a growing oversupply in the prop pant and fracking market.
LINK TO THE SOURCE ARTICLE: More investments in offshore than in shale for 2019
