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Oil and Gas Industry Quarterly Update: April-June 2021

Published: | IDC | 24 Pages | Delivery time: 1-2 business days


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Oil and Gas Industry Quarterly Update: April-June 2021
Published: July 29, 2021
Content info: 24 Pages
Delivery time: 1-2 business days
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This IDC Market Perspective provides an overview of the oil and gas industry in 2Q21. It covers M&As, agreements, reorganizations, and major business developments; upstream, midstream, and downstream deals; global LNG contracts; EPC deals; major ICT ecosystem acquisitions and agreements; and ICT contract wins."Digital technologies adoption, experimentation, and implementation for remote operations, data-driven decision making, and digital infrastructure will continue to be a burgeoning market in the O&G industry," said Gaurav Verma, research manager, IDC Energy Insights.

Table of Contents
Product Code: EUR147228221

Executive Snapshot

New Market Developments and Dynamics

  • Industry Overview
    • Oil Geopolitics
    • GDP Trends
    • E&P Activity
      • Rig Count
    • Liquid Fuel Production and Consumption
    • Oil Prices
    • Natural Gas Prices
  • Listed Oil and Gas Companies' Performance
    • S&P Global Oil Index
    • S&P GSCI Natural Gas Index
  • Downstream: Refinery
  • Upstream Licenses Round and E&P Agreements, 2Q21
    • The Australian Government Announces the 2021 Offshore Petroleum Exploration Acreage Release
    • Norway's Ministry of Petroleum and Energy Launches Annual Licensing Round
  • M&As, Agreements, Reorganizations, and Major Business Developments, 2Q21
    • Baker Hughes, Lukoil Sign Collaboration Deal
    • Equinor, SONATRACH Sign MOU
    • Equinor Signs Deals with Start-Ups Under Equinor & Techstars Energy Accelerator
    • EQT Announces $2.9B Acquisition of Alta Resources' Upstream, Midstream Subsidiaries
    • Aker Acquires 75% of Mainstream, Bolsters Companys Portfolio
  • Upstream, 2Q21
    • bp, Eni in Talks for Angolan Upstream JV
    • Equinor Gets Development Plan Approval for Breidablikk Field in Norway
    • Equinor and Partners Make Oil and Gas Discovery in the Norwegian Sea
    • ExxonMobil Makes Stabroek Discovery Offshore Guyana
    • Reliance, bp Start Up Second Gas Field in India
    • Var Energi Confirms Significant Discovery in the North Sea
    • Turkey Announces Significant New Black Sea Natural Gas Discovery
  • Midstream, 2Q21
    • Arctic LNG 2 Partners Conclude 20-Year LNG Purchase Deals
    • France's Total Signs Five-Year LNG Supply Agreement with ArcelorMittal Nippon Steel
    • RWE, Shell, European Gas Networks to Collaborate on Hydrogen Pipe
    • Saudi Aramco Signs $12.4B Pipeline Deal with EIG-Led Consortium
    • Total, Papua New Guinea Government Remobilizing, Planning Papua LNG Project
    • Tellurian, Gunvor Sign 10-Year LNG Agreement
    • Uganda, Tanzania, Oil Firms Sign Accords to Build $3.5B Pipeline
  • Downstream, 2Q21
    • Electric Highway Opens U.K.'s Largest High-Power Motorway Charging Site
    • MOL Group to Buy OMV's Retail Network of 120 Service Stations in Slovenia
    • OMV Petrom, Renovatio to Develop EV Charging Points at Fuel Stations
    • Pemex Buys 100% Stake in Refinery from Shell
    • Raizen Acquires Shell's Lubricant Business in Brazil
    • Repsol Sells its Italian Business to Tamoil
    • Shell Sells Alabama Refinery to Vertex Energy
  • Engineering, Procurement, and Construction/Installation/Commissioning Contracts (EPC/EPCI/EPCC), 2Q21
    • ADNOC Awards to Saipem Contract to Expand Gas Plant Capacity in UAE
    • ADNOC Awards $744M EPC Contract for Belbazem Offshore Block Field Development
    • Baker Hughes Awarded Subsea Contract in Brazil
    • Chevron Awards Worley for Ballymore Tieback Work in Gulf of Mexico
    • Petrofac Secures Contract for bp Project in Mauritania and Senegal
    • Subsea 7 wins Petrobras Contract Offshore Brazil
    • TechnipFMC Secures Subsea Contract for Petrobras' Buzios 6-9 Fields
  • New Energy Business Investments, Contracts, and Major Business Developments, 2Q21
    • Amsterdam Expands EV Charging Stations with TotalEnergies
    • Baker Hughes, Borg CO2 Plan CCUS Hub in Norway
    • Chevron, Toyota Pursue Strategic Alliance on Hydrogen
    • Equinor, RWE, Hydro Partner to Develop Offshore Wind in Norway
    • FUSION-FUEL Green, Ampol to Jointly Develop a Green Hydrogen Plant
    • India's Reliance to Invest over $10 B in Green Energy Business
    • Neptune Energy Selects DNV for North Sea Carbon Capture Study
    • New Technology from Onboard Dynamics Can Reduce Fugitive Methane Releases
    • Ørsted, JWD, Eurus Partnership Sets Sights on Japanese Offshore Wind
    • SSE Thermal, Equinor Planning U.K. Hydrogen and Carbon Capture Projects
    • Suncor Plans Major Blue Hydrogen Project in Alberta
  • ICT Ecosystem Major Acquisitions and Agreements and ICT Contract Wins, 2Q21
    • 4Subsea Secures Three-Year Service Agreement
    • ABB to Support Equinor on its Road Map to Develop Next-Generation Autonomous O&G Platforms
    • Akselos, BEPA to Advance Delivery of Global Wind Energy Technology with New Partnership
    • Baker Hughes Deploys Largest Remote Operations Solution Across Aramco's Drilling Operations
    • bp, Infosys Announce Strategic Collaboration to Drive Integrated Energy Offers to Reduce Emissions at Campuses and Cities
    • Circle K Expands its "Pay by Plate" Technology to Sweden
    • Dover Acquires AvaLAN Wireless Systems
    • ENOC to Boost Lubricant Sales Through eCommerce Partnership
    • Digital Oilfield Solutions Provider FutureOn Secures Contract with Aker BP
    • Halliburton to Provide Petroleum Data Management Platform for Norwegian Petroleum Directorate
    • HPCL Integrates New Digital Payment Solution at Fuel Stations
    • IBM, SAP Partner on LNG, Hydrogen Production, and Carbon Emissions Reporting
    • KONGSBERG Digital Adds MarineInsight Applications by ioCurrents to the Kognifai Marketplace
    • Maire Tecnimont, AVEVA Partner for APM
    • Neptune Energy Digitizes Five Offshore Platforms in North Sea
    • Petronas Selects AVEVA's Unified Cloud Solution
    • Schlumberger, IBM Announce Hybrid Cloud Enterprise Data Management Solution for the Energy Sector
    • Schlumberger, NOV Announce Collaboration on Automated Drilling Solutions
    • Schlumberger Rolls Out Enterprise-Scale DELFI Digital Solutions for Petronas
    • Siemens Energy to Electrify First-of-its-Kind Biorefinery in Germany
    • Shell Extends Partnership with CGI to Modernize and Expand its Fleet Solutions Business
    • Shell Selects Siemens' Polarion Software to Digitalize, Streamline Capital Project Data

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