Rystad Energy

Last updated
Rystad Energy AS
Company typePrivately held company
IndustryEnergy consultancy
Founded11 November 2004 (2004-11-11)
FounderJarand Rystad
US$ 94 million (2023)
Number of employees
700 (2024)
Website www.rystadenergy.com

Rystad Energy is an independent energy research and business intelligence company headquartered in Oslo, Norway. It is the biggest independent energy consultancy in Norway, and a world-leading analysis company for the energy sector. [1] [2] The company provides mainly oil and gas analyzes, but the share of renewable energy and carbon emission analyzes has increased continuously. [3] Its main market is New York. [3] In addition to oil, oil services and finance companies, its customers include institutions such as OPEC, the International Energy Agency, and the World Bank. [4]

Rystad was founded in 2004 by Jarand Rystad, a Norwegian physicist and earlier consultancy partner for McKinsey. [3] [4] The company specializes in analysis of global energy issues, and has the sole comprehensive database for production data, engineering and financing of all oil and gas fields and deposits in the world. It also has developed similar databases for a wide range of segments within fossil and renewable energy production and related energy equipment and services sectors. [5]

The company is owned by its founder and CEO Jarand Rystad with minority shares owned by senior staff of the company. [4] Jarand Rystad is described by Financial Times as "one of the most cited petroleum analysts in the industry". [6] [7] [ non-primary source needed ]

Rystad Energy is headquartered in Oslo and has global offices in Houston, Singapore, Dubai, Houston, New York, London, Aberdeen, Moscow, Istanbul, Rio de Janeiro, Singapore, Tokyo, Kuala Lumpur, Beijing, Bangalore, Stavanger, Sydney, and Perth. [8] [9]

In 2019, Rystad's revenue was 331 million Norwegian krone and operating profit was 8.3 million krone. [3] [4]

In April 2021, Rystad predicted that due to COVID-19 and energy transition oil demand will peak at 101.6 million barrels per day (16,150,000 m3/d) in 2026. [10] [ non-primary source needed ]

It has also said that at least US$3 trillion investment into exploration and development of 313 billion barrels (4.98×1010 m3) of new oil resources would be required to meet the oil demand in 2050. [11] [ non-primary source needed ] [12] [ non-primary source needed ]

Related Research Articles

<span class="mw-page-title-main">Yara International</span> Norwegian chemical company

Yara International ASA is a Norwegian chemical company. It produces, distributes, and sells nitrogen-based mineral fertilizers and related industrial products. Its product line also includes phosphate and potash-based mineral fertilizers, as well as complex and specialty mineral fertilizer products.

<span class="mw-page-title-main">Kato Airline</span> Former Norwegian airline from 1996 to 2008

Kato Airline AS, trading as Kato Air, was an airline which operated in Northern Norway between 1995 and 2008. Although also operating some smaller aircraft, the main portion of the airline's fleet were two Dornier 228. The airline was based at the grounds of Harstad/Narvik Airport, Evenes in Evenes Municipality.

<span class="mw-page-title-main">Nokas Cash Handling</span>

Nokas Cash Handling is a Norwegian company offering management, control and distribution of cash to Norwegian banks, headquartered in Oslo. The company is owned 100% by Nokas AS. In 2008, the company had a revenue of 458 million kr and a net income of NOK 27 million.

Partnair A/S was a Norwegian charter airline which operated from 1971 to 1989. During the later 1980s it was Norway's fifth-largest airline by revenue, operating a fleet of three Convair CV-580 and six Beechcraft Super King Air. The airline was based at Oslo Airport, Fornebu, as well as operating a base at Stavanger Airport, Sola.

<span class="mw-page-title-main">Color Air</span> Former Norwegian airline

Color Air AS was the first Norwegian low-cost airline. It operated from Oslo Airport, Gardermoen in 1998 and 1999 with a fleet of three Boeing 737-300 aircraft. Color Air was a brand extension of Color Line, which shared a common owner in the Olav Nils Sunde-controlled Color Group. The airline operated five daily round trips from Oslo to Trondheim and Bergen, four to Ålesund and one to London, in addition to a weekly trip to Alicante. Color Air pioneered the low-cost business model in Norway, with a denser seating, no frills and lack of a frequent flyer program. Tickets were sold only via the Internet, by telephone or in supermarkets; when bought from travel agents, there was a 200 kr surcharge.

<span class="mw-page-title-main">Ryan Wiik</span> Norwegian actor and entrepreneur (born 1981)

Gunnar Ryan Wiik is a Norwegian actor and entrepreneur. Wiik resides in Los Angeles, California.

New Scandinavian Cooking is a Scandinavian cooking show which, over the course of ten seasons, was hosted by Andreas Viestad, Tina Nordström, and Claus Meyer, produced by the Norwegian production company Tellus Works Television AS in collaboration with American Public Television (APT). A sequel series titled Perfect Day continued with the original hosts in rotation, with the cast addition of Sara La Fountain. It is also broadcast on channels such as AFC.

John Markus Lervik is a Norwegian tech entrepreneur. He is the founder and previous CEO of Cognite AS. He previously served as the CEO of Fast Search & Transfer, which was acquired by Microsoft in 2008. In 2010 Lervik founded Cxense, a company in the ad-platform, search and online analytics space, which was acquired by Piano Media in 2019.

<span class="mw-page-title-main">Geilo Airport, Dagali</span> Airport in Hol, Norway

Geilo Airport, Dagali is a private airport located at Dagali in Hol in Buskerud, Norway. It was previously a public airport that was both a regional airport and served international tourist charter airlines serving the nearby ski resorts centered on Geilo. The airport opened in 1985, but failed commercially and was eventually closed in 2003.

<span class="mw-page-title-main">Equinor</span> Norwegian energy company

Equinor ASA is a Norwegian state-owned multinational energy company headquartered in Stavanger, Norway. It is primarily a petroleum company operating in 36 countries with additional investments in renewable energy. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world. In 2023, the company was ranked 52nd in the same list. As of 2021, the company has 21,126 employees.

<span class="mw-page-title-main">Hadia Tajik</span> Norwegian politician

Hadia Tajik is a Pakistani-Norwegian jurist, journalist and politician from the Labour Party. She served as Minister of Labour and Social Inclusion from 2021 to 2022. She previously served as Minister of Culture from 2012 to 2013. She was 29 years of age at the time and became the youngest minister to serve in the Norwegian government. She is the first Cabinet member that is a Muslim. Tajik has served as a Member of Parliament representing Rogaland since 2017, and Oslo from 2009 to 2017. She was also the party's deputy leader from 2015 until 2022.

Georg Fredrik Rieber-Mohn is a Norwegian judge.

<span class="mw-page-title-main">Anne Gravingen and Bendik Romstad</span>

Anne Gravingen and Bendik Romstad are a married couple who are both former advertising agents, now food entrepreneurs, who have worked together continuously since they studied together at Westerdals School of Communication in 1994. They were named by Aftenposten in 2005 as Norway's most creative couple.

<span class="mw-page-title-main">Erik Must</span> Norwegian stock broker and investor (born 1943)

Erik Must is a Norwegian stock broker and investor. He was born in Trondheim, a son of banker Arne Bernhoft Must and Svanhild Synnøve Svendsen. He established the investment company Avanse Forvaltning along with Kjell Christian Ulrichsen, and later became owner of Fondsfinans. He is a significant investor in Norwegian media companies, controlling large parts of the publishing house Gyldendal Norsk Forlag, as well as the newspapers Dagens Næringsliv and Adresseavisen. He is also a significant owner of the energy company Arendals Fossekompani. As of 2024 Must is the largest private investor in the technology group Kongsberg Gruppen, where his assets reached an estimated worth of NOK 5 billion in 2024.

<i>Dawn</i> (painting) 1989 painting by Odd Nerdrum

Dawn is an oil on canvas painting by the Norwegian artist Odd Nerdrum, painted in 1989. It is held in a private collection.

<span class="mw-page-title-main">Kjell-Børge Freiberg</span> Norwegian politician

Kjell-Børge Freiberg is a Norwegian politician for the Conservative Party, formerly for the Progress Party who served as Minister of Petroleum and Energy from 2018 to 2019. He was also an MP for Nordland from 2017 to 2021. He currently serves as mayor of Hadsel Municipality since 2023, having done so previously from 2007 to 2015.

<span class="mw-page-title-main">Thomas Wilhelmsen</span> Norwegian shipping magnate (born 1974)

Thomas Wilhelmsen is a Norwegian shipping magnate. He is one of the owners and the current chief executive officer of Wilh. Wilhelmsen, one of the world's largest shipping companies with 21,000 employees in 75 countries.

<span class="mw-page-title-main">Sofie Marhaug</span> Norwegian politician (born 1990)

Sofie Marhaug is a Norwegian politician for the Red Party. She has been a member of the Storting for Hordaland since 2021 and first deputy leader of the party since 2024.

References

  1. ↑ "Rystad Energy selger oljeanalyse som aldri før – satte ny inntektsrekord i fjor". www.dn.no. 2020-07-11. Retrieved 2023-06-27.
  2. ↑ "Pandemic, energy transition to hasten peak in global oil demand – Rystad Energy". Reuters . 2 November 2020. Retrieved 3 January 2021.
  3. 1 2 3 4 Johannessen, Erik Bucher (2020-07-12). "Rystad Energy selger oljeanalyse som aldri før – satte ny inntektsrekord i fjor" [Rystad Energy sells oil analysis like never before – set a new revenue record last year]. Dagens Næringsliv (in Norwegian). Retrieved 2020-12-09.
  4. 1 2 3 4 Vaage, Lars Tobias (10 July 2020). "Rystad øker inntektene for tiende år på rad" [Rystad increases revenues for the tenth year in a row]. Finansavisen (in Norwegian). Retrieved 3 January 2021.
  5. ↑ Løvås, Jostein (24 August 2016). "Erobrer verden i krisen" [Conquers the world in crisis]. Dagens Næringsliv (in Norwegian). Retrieved 2020-12-09.
  6. ↑ Crooks, Ed (2019-04-14). "The week in energy: The waning of an era in US shale". Financial Times. Retrieved 2020-12-09.
  7. ↑ Klemsdal, Andreas (17 April 2020). "Stort intervju: Slik ble Jarand Rystad hele verdens oljehjerne" [Big interview: This is how Jarand Rystad became the oil brain of the whole world]. Finansavisen (in Norwegian). Retrieved 2020-12-09.
  8. ↑ "Contact Us". www.rystadenergy.com. Retrieved 2020-12-09.
  9. ↑ "Slik ble han hele verdens oljehjerne". www.finansavisen.no (in Norwegian). 2020-04-17. Retrieved 2023-06-27.
  10. ↑ "Slowing down as electric vehicles accelerate, oil demand set to peak at 101.6 million bpd in 2026". Rystad Energy. 21 April 2021. Retrieved 3 September 2021.
  11. ↑ "Exploration overdrive urgently required, report claims". Offshore Magazine. Pennwell Corporation. 10 December 2020. Retrieved 3 January 2021.
  12. ↑ Chambers, Sam (10 December 2020). "Rystad warns the world might not have enough oil to meet demand through 2050". Splash 247. Asia Shipping Media Pte Ltd. Retrieved 3 January 2021.


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.