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Market Research Report

Oil and Gas Industry Quarterly Update: April-June 2020

Published by IDC Product code 953853
Published Content info 18 Pages
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Oil and Gas Industry Quarterly Update: April-June 2020
Published: August 10, 2020 Content info: 18 Pages
Description

This IDC Market Perspective provides an overview of the EMEA oil and gas industry in 2Q20. 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."Business continuity and resiliency are the new focus areas across different industries, including the O&G industry. Spending has been slashed, but some DX plans to support business continuity will remain intact," said Gaurav Verma, research manager, IDC Energy Insights.

Table of Contents
Product Code: EUR145815320

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, 2Q20
    • Nigerian Marginal Field Bid Round 2020
    • Norway Launches APA 2020 Offshore Licensing Round
    • Lebanon Extends Licensing Round Deadline
    • ONGC Awards 49 Marginal Oil Fields to Seven Companies
    • Russia Extends Sakhalin Energy Oil and Gas Licenses for Five Years
  • M&As, Agreements, Reorganizations, and Major Business Developments, 2Q20
    • ConocoPhillips Completes Australian Asset Sale to Santos
    • Renergen, Total South Africa Sign LNG Distribution Agreement
    • Schlumberger Launches Tech Agreement with CNPC Logging
    • SONATRACH, ExxonMobil Sign MOU for Algerian Exploration
  • Upstream, 2Q20
    • Apache Makes Significant Oil Find
    • CNOOC Makes Significant New Discovery
    • Egypt Announces New Oil Discovery in the Gulf of Suez
    • Wintershall Dea Makes New Oil Discovery in Norwegian Sea
    • Equinor Announces Oil Discovery in U.S. Gulf of Mexico
    • Petrobras Hibernates 62 Platforms
    • Petrobras Makes New Discoveries
  • Midstream, 2Q20
    • ADNOC in $10B Mega Pipeline Deal with International Consortium
    • SONATRACH Acquires More Shares in Medgaz Offshore Pipeline
    • Tanzania to Construct a Crude Oil Pipeline in 2021
  • LNG Contracts, Agreements, and Approvals, 2Q20
    • FID on Mozambique's Rovuma LNG Project Delayed Until 2021
    • Total, Siemens Eye Greener LNG Concepts
  • Downstream, 2Q20
    • Delek Sells Stake in California Refinery
    • Dow, Shell Team Up to Develop Electric Cracking Technology
    • Honeywell Cybersecurity Software to Protect and Optimize Operations at Kuwait's Al Zour Complex
    • Neste Develops New Solutions to Decrease Crude Oil Use
    • Phillips 66 Posts Loss on $3B Refining Write-Downs
    • Refiners Start to Add Renewable Diesel Capacity, Seen as Cost-Cutting Move
    • Russian Oil Refineries Cut Gasoline Output to 15-Year Low
  • Engineering, Procurement, and Construction/Installation/Commissioning Contracts (EPC/EPCI/EPCC), 2Q20
    • Petrofac Wins Iraq Contract Extension
    • Saipem Snags Nigeria LNG Train 7 Project Contracts
    • TechnipFMC Lands Three Subsea Construction Projects Offshore Norway
  • ICT Ecosystem Major Acquisitions and Agreements and ICT Contract Wins, 2Q20
    • Bentley Systems Announces the Acquisition of NoteVault
    • Bluware Signs New Agreement with BP to Support Innovative Deep Learning Workflow in Subsurface Data Interpretation
    • Cosmo Oil Adopts SAP Ariba Solutions for Procurement Efficiency
    • DTEK Oil&Gas Creates Virtual Workstations
    • Hargrove, Aspen Technology Partner to Deliver Digital Twin Services
    • Murphy Oil Corp. Renews Commitment to Digital Procurement with SAP Ariba Solutions
    • Eigen Enhances Operational Digitalization Expansion at Wintershall's Brage Oilfield
    • Rompetrol to Achieve Digital Transformation with KBC Digital Twin
    • Redline Communications Selected to Provide Connectivity for World-Leading Oil Company
    • ServiceNow to Acquire CMDB Pioneer Sweagle
    • Shell, IBM Team up to Accelerate Digitalization in the Mining Industry
    • SparkCognition, Siemens to Deliver New AI-Driven Cyberdefense System for Endpoint Energy Assets

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