{{short description|Norwegian energy research company}} {{Multiple issues| {{Primary sources|date=July 2022}} {{Self-published|date=July 2022}} }} {{Infobox company | name = Rystad Energy AS | image = Office of Rystad Energy at Aker brygge in Oslo, Norway, sign showing Brent oil price.jpg | image_caption = Rystad Energy's headquarters in Aker Brygge, Oslo | type = Privately held company | industry = Energy consultancy | founded = {{start date|2004|11|11|df=yes}} | founder = Jarand Rystad | revenue = | net_income = US$ 94 million (2023) | num_employees = 700 (2024) | website = {{url|https://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.<ref>{{Cite web |date=2020-07-11 |title=Rystad Energy selger oljeanalyse som aldri før – satte ny inntektsrekord i fjor |url=https://www.dn.no/energi/jarand-rystad/rystad-energy/energi/rystad-energy-selger-oljeanalyse-som-aldri-for-satte-ny-inntektsrekord-i-fjor/2-1-841576 |access-date=2023-06-27 |website=www.dn.no}}</ref><ref name="reuters021120"> {{Cite news |date=2 November 2020 |title=Pandemic, energy transition to hasten peak in global oil demand – Rystad Energy |work=Reuters |url=https://www.reuters.com/article/oil-demand-int/pandemic-energy-transition-to-hasten-peak-in-global-oil-demand-rystad-energy-idUSKBN27I1J3 |access-date=3 January 2021}} </ref> The company provides mainly oil and gas analyzes, but the share of renewable energy and carbon emission analyzes has increased continuously.<ref name=dn120720/> Its main market is New York.<ref name=dn120720/> In addition to oil, oil services and finance companies, its customers include institutions such as OPEC, the International Energy Agency, and the World Bank.<ref name=avisen100720/>
Rystad was founded in 2004 by Jarand Rystad, a Norwegian physicist and earlier consultancy partner for McKinsey.<ref name=dn120720>{{Cite news|last=Johannessen|first=Erik Bucher|title=Rystad Energy selger oljeanalyse som aldri før – satte ny inntektsrekord i fjor|trans-title=Rystad Energy sells oil analysis like never before – set a new revenue record last year|url=https://www.dn.no/energi/jarand-rystad/rystad-energy/energi/rystad-energy-selger-oljeanalyse-som-aldri-for-satte-ny-inntektsrekord-i-fjor/2-1-841576|newspaper=Dagens Næringsliv|date=2020-07-12|access-date=2020-12-09|language=Norwegian}}</ref><ref name=avisen100720/> 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.<ref>{{Cite news|last=Løvås|first=Jostein|title=Erobrer verden i krisen|trans-title=Conquers the world in crisis|url=https://www.dn.no/olje/energi/finans/rystad-energy/erobrer-verden-i-krisen/1-1-5714948|newspaper=Dagens Næringsliv|date=24 August 2016|access-date=2020-12-09|language=Norwegian|url-access=subscription}}</ref>
The company is owned by its founder and CEO Jarand Rystad with minority shares owned by senior staff of the company.<ref name=avisen100720> {{Cite news | last = Vaage | first = Lars Tobias | title = Rystad øker inntektene for tiende år på rad | trans-title = Rystad increases revenues for the tenth year in a row | url = https://finansavisen.no/nyheter/energi/2020/07/10/7546237/rystad-energy-omsetningsvekst-10-ar-pa-rad | newspaper = Finansavisen | date = 10 July 2020 | access-date = 3 January 2021 | language = Norwegian}} </ref> Jarand Rystad is described by Financial Times as "one of the most cited petroleum analysts in the industry".<ref>{{Cite web |last=Crooks |first=Ed |date=2019-04-14 |title=The week in energy: The waning of an era in US shale |url=https://www.ft.com/content/a9e6dd92-5f05-11e9-a27a-fdd51850994c |access-date=2020-12-09 |website=Financial Times}}</ref><ref>{{Cite news|last=Klemsdal|first=Andreas|title=Stort intervju: Slik ble Jarand Rystad hele verdens oljehjerne|trans-title=Big interview: This is how Jarand Rystad became the oil brain of the whole world|url=https://finansavisen.no/lordag/profil/2020/04/17/7518436/slik-ble-han-hele-verdens-oljehjerne|newspaper=Finansavisen|date=17 April 2020|access-date=2020-12-09|language=Norwegian}}</ref>{{Primary-source inline|date=July 2022}}
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.<ref>{{Cite web|title=Contact Us|url=https://www.rystadenergy.com/contact/|access-date=2020-12-09|website=www.rystadenergy.com}}</ref><ref>{{Cite web |date=2020-04-17 |title=Slik ble han hele verdens oljehjerne |url=https://www.finansavisen.no/lordag/profil/2020/04/17/7518436/slik-ble-han-hele-verdens-oljehjerne |access-date=2023-06-27 |website=www.finansavisen.no |language=no}}</ref>
In 2019, Rystad's revenue was 331 million Norwegian krone and operating profit was 8.3 million krone.<ref name=dn120720/><ref name=avisen100720/>
In April 2021, Rystad predicted that due to COVID-19 and energy transition oil demand will peak at {{convert|101.6|e6oilbbl/d}} in 2026. <ref name=rystad210221> {{Cite news | url = https://www.rystadenergy.com/newsevents/news/press-releases/slowing-down-as-electric-vehicles-accelerate-oil-demand-set-to-peak-at-101p6-million-bpd-in-2026/ | title = Slowing down as electric vehicles accelerate, oil demand set to peak at 101.6 million bpd in 2026 | work = Rystad Energy | date = 21 April 2021 | access-date = 3 September 2021}} </ref>{{Primary-source inline|date=July 2022}}
It has also said that at least US$3 trillion investment into exploration and development of {{convert|313|e9oilbbl}} of new oil resources would be required to meet the oil demand in 2050.<ref name=offshoremag101220> {{Cite news | url = https://www.offshore-mag.com/drilling-completion/article/14188804/exploration-overdrive-urgently-required-rystad-energy-report-claims | title = Exploration overdrive urgently required, report claims | work = Offshore Magazine | publisher = Pennwell Corporation | date = 10 December 2020 | access-date = 3 January 2021}} </ref>{{Primary-source inline|date=July 2022}}<ref name=splash101220> {{Cite news | url = https://splash247.com/rystad-warns-the-world-might-not-have-enough-oil-to-meet-demand-through-2050/ | title = Rystad warns the world might not have enough oil to meet demand through 2050 | first = Sam | last = Chambers | work = Splash 247 | publisher = Asia Shipping Media Pte Ltd | date = 10 December 2020 | access-date = 3 January 2021}} </ref>{{Primary-source inline|date=July 2022}}
== References == {{reflist}}
Category:Energy research institutes Category:Research and analysis firms Category:Energy consultancies Category:Norwegian companies established in 2004 Category:Multinational companies headquartered in Norway
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