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1034721

Oil and Gas Industry Quarterly Update: July-September 2021

Published: | IDC | 19 Pages | Delivery time: 1-2 business days

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Oil and Gas Industry Quarterly Update: July-September 2021
Published: October 26, 2021
IDC
Content info: 19 Pages
Delivery time: 1-2 business days
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Description

This IDC Market Perspective provides an overview of the oil and gas industry in 3Q21. 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."Oil executives are making strides to implement sustainable transformation enabled by technology innovations," said Gaurav Verma, research manager, IDC Energy Insights.

Table of Contents
Product Code: EUR147228321

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, 3Q21
    • Norway 2021 Licensing Round
  • M&As, Agreements, Reorganizations, and Major Business Developments, 3Q21
    • bp, ADNOC, Masdar to Form Strategic Partnership to Provide Clean Energy Solutions for the U.K., UAE
    • Chevron Forms JV with Enterprise Products Partners to Advance Carbon Capture from its Gulf Coast Operations
    • Gazprom Group, LUKOIL Creating Joint Venture to Develop Major Oil-And-Gas Cluster in YaNAA
    • Shell Plans to Exit California JV with Exxon Mobil
    • Shell Exits Permian with $9.5B Texas Shale Sale to ConocoPhillips
    • Schlumberger Invests in Stationary Energy Storage Solutions
    • TotalEnergies, and Veolia Join Forces to Develop CO2-Based Microalgae Cultivation to Produce Next-Generation Biofuels
  • Upstream, 3Q21
    • bp Achieves Early First Gas Offshore Trinidad
    • bp to Sell 25% Stake in Azerbaijan Exploration Project to Lukoil
    • Eni Adds to Mexico Oil Position with New Block 10 Discovery
    • Eni Makes Giant Oil Discovery Offshore Ivory Coast
    • Eni Makes Oil Discovery in Block 4, Offshore Ghana
    • Significant Onshore Australia Gas Discovery Made
  • Midstream, 3Q21
    • WBI Energy Begins Construction on ND Natural Gas Pipeline Project
    • Brazil in Talks with Argentina for Gas Pipeline from Vaca Muerta
    • Kuwait Opens First Permanent LNG Facility to Boost Gas Imports
    • PETRONAS Delivers Maiden Carbon Neutral LNG Cargo
    • Prostar Capital Closes Refinancing for UAE Oil Terminal
    • Suncor Partners with Indigenous Communities to Buy Pipeline Stake from TC Energy
    • VARD Electro to Deliver First Multimode Battery Technology Vessel for Canadian Oil and Gas
  • Downstream, 3Q21
    • INEOS to Invest £1B to Slash Emissions at Grangemouth Refinery
    • Massive Blast at Romania's Largest Refinery Causes Shutdown
    • Saudi Aramco Teams up with Air Products for Hydrogen Supply
    • Shell to Build Biofuels Refinery in Netherlands in Net-Zero Push
    • Wyoming Refinery to Turn into Renewables Facility
  • Engineering, Procurement, and Construction/Installation/Commissioning Contracts (EPC/EPCI/EPCC), 3Q21
    • ConocoPhillips Chooses Aker Solutions to Integrate the Tommeliten Alpha Discovery in Norway
    • Aker Solutions, Subsea 7, Aker BP Join for KEG Subsea Project
    • Qatar Petroleum Awards Major EPC Deal for NFE Project
    • TechnipFMC, DOF Subsea Awarded Long-Term Contracts by Petrobras
  • New Energy Business Investments, Contracts, and Major Business Developments, 3Q21
    • Aramis CCS Project Aims for Large-Scale Carbon Reduction
    • bp, Brightmark to Explore Developing Next-Generation Plastics Renewal Plants in Europe
    • Chevron Triples Low-Carbon Investment, Pledges $10B Through 2028
    • Eni Expands Renewable Projects in Spain
    • Eni Acquires Be Power and Expands Electric Charging Services Offering in Italy and Europe
    • Eni Acquires 315MW of Wind Projects in Italy
    • Eni Acquires Solar Plants in Spain and France by Taking Over Dhamma Energy Group
    • Eni Signs Agreement to Produce Hydrogen in Egypt
    • Shell to Build One of Europe's Biggest Biofuels Facilities
    • TotalEnergies, China Three Gorges Corporation to Develop More than 11,000 High-Power EV Charge Points in Wuhan, Hubei Province
    • TotalEnergies Acquires Largest EV Charge Points Network in Singapore
  • ICT Ecosystem Major Acquisitions and Agreements and ICT Contract Wins, 3Q21
    • Halliburton SmartFleet Technology Enables Real-Time Fracture Control in the Permian
    • Neptune Energy Deploys Gaming Tech at Norwegian Wells to Boost Output, Cuts Costs
    • Schlumberger, AVEVA to Advance Digital Solutions for O&G Production Operations
    • Shell, Deutsche Telekom Agree to Advance Digital Innovation in Pursuit of Climate Goals
    • Shell, Kongsberg Digital to Collaborate in Well Digitalization Push
    • Shell Signs Deal with Hiber to Roll Out Remote IoT Monitoring of Wells
    • Well Expertise Deploys Data Gumbo's Smart Contract Solution for Wellesley Petroleum Work

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