Oil and Gas Industry Quarterly Update: January-March 2022
This IDC Market Perspective provides an overview of the oil and gas industry in 1Q22. 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."The current crisis will drive selective ICT investments in the operations and risk management area, while low carbon transition will continue to be a major focus for the industry " said Gaurav Verma, research manager, IDC Energy Insights.
Please Note: Extended description available upon request.
- Executive Snapshot
- New Market Developments and Dynamics
- Industry Overview
- Oil Geopolitics: Key Highlights, 1Q22
- 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, 1Q22
- Vår Energi Awarded 10 New Exploration Licenses With 5 Operatorships in Norway
- M&As, Agreements, Reorganizations, and Major Business Developments, 1Q22
- Aberdeen City Council, bp Sign Agreement to Form a Joint Venture Partnership
- China's CNOOC Looking to Sell $3 Billion Worth of U.K. North Sea Assets
- Eni, bp Finalize Agreement to Create New Independent Joint Venture in Angola
- ExxonMobil to Hand Russian Oil Project Stake to Rosneft, Partners
- ExxonMobil Expands Interest in Biofuels, Acquires Stake in Biojet AS
- Norway's Aker BP in $14 Billion Deal to Buy Lundin Energy's Oil and Gas
- QatarEnergy to Acquire Stake In ExxonMobil's Offshore Block In Egypt
- Russia, China Agree on 30-Year Gas Deal Via New Pipeline
- Saipem to Explore $4.5 Billion Survival Package
- Saudi Aramco Buys Aker BP's Shares In Cognite
- Eni Looking to Sell a Stake of up to 49% in its Subsidiary Enipower
- TotalEnergies, Veolia Join Forces to Accelerate the Development of Biomethane
- Upstream, 1Q22
- Equinor's Martin Linge Field Officially Goes on Stream
- ExxonMobil Tallies Two New Discoveries Offshore Guyana
- Aker BP Buys Lundin's Oil and Gas Units for $10 Billion, Becoming Major North Sea Player
- Carbon + Intel: DNV, Energy Majors Launch JIP to Develop Low-Pressure CO2 Transport by Ships
- Bolivia Announces New Major Gas Discovery
- New Oil Deposits Discovered at Uzen Field
- Eni, Sonatrach Announce Significant Oil and Gas Discovery in Zemlet el Arbi Concession in the Berkine North Basin, Onshore Algeria
- TotalEnergies Makes a Discovery in Namibia
- TotalEnergies Makes a Discovery in Suriname
- Siemens Energy to Start Production of Hydrogen Electrolyzers
- Shell Starts Deepwater Production at PowerNap in the Gulf Of Mexico
- Shell, Trinidad and Tobago Deliver First Gas from Colibri Project
- Midstream, 1Q22
- China LNG Imports from Russia Double
- Europe Studying Israel-Turkey Pipeline as Alternative to Russian Sourcing
- Italy Considers two Floating LNG Plants to Reduce Reliance on Russian Gas
- Louisiana LNG Terminal Granted Export License
- Oman in Agreement for the Development of Natural Gas
- Venture Global Signs Two 20-Year LNG Supply Deals
- Downstream, 1Q22
- Aramco Expands European Downstream Presence With PKN Orlen Investments
- India's Reliance to Build $2 Billion Petrochemical Plant in UAE
- Saudi Aramco Boosts Oil Ties with China
- Shell to Hand Over Deer Park Refinery to Pemex
- Engineering, Procurement, and Construction/Installation/Commissioning Contracts (EPC/EPCI/EPCC), 1Q22
- Construction of Gas Chemical Complex Completed in Atyrau
- Technip Energies Pledges to Accelerate Hydrogen Production in India
- New Energy Business Investments, Contracts, and Major Business Developments, 1Q22
- Aberdeen City Council, bp Sign Joint Venture Agreement to Develop City Hydrogen Hub
- Abu Dhabi's Masdar Signs Green Hydrogen Deals With Engie, TotalEnergies
- bp, EnBW Succeed in ScotWind Offshore Wind Bid
- bp, Oman form Strategic Partnership to Progress Significant Renewable Energy and Hydrogen Development
- bp to Invest £1 billion in U.K. EV Charging Infrastructure
- Eni Biofuel to Power Aeroporti di Roma Vehicles
- Eni Enters The Greek Photovoltaic Market, Acquires Solar Konzept Greece
- Equinor, bp Achieve Key Step in Advancing Offshore Wind for New York
- ExxonMobil, SGN, Green Investment Group Sign MOU to Explore Potential for Southampton Hydrogen Hub
- Green Hydrogen Pioneer Receives Record $230 Million Investment
- GreenIT Acquires 110MW wind projects in Italy
- Latest bp Pulse Ultra-Fast Charging Hub Lands at Gatwick
- Northern Lights Awarded EU Funding for Expansion Studies
- TotalEnergies, Green Investment Group, RIDG Secure ScotWind Leasing Rights to Develop 2GW Windfarm in Scotland
- Oman Selects bp for Renewable Energy Data Collection and Analysis
- Petronas, Shell Collaborate on Carbon Capture and Storage Solutions
- Shell, ScottishPower Win Bids to Develop 5GW Of Floating Wind Power in the U.K.
- Shell Completes Acquisition of Energy Retailer, Powershop Australia
- Shell Converts London Petrol Station Into EV Charging Hub
- Shell Starts Up Hydrogen Electrolyzer in China With 20MW Production Capacity
- ICT Ecosystem Major Acquisitions and Agreements and ICT Contract Wins, 1Q22
- 5G Campus Network for PCK Refinery
- Aker BP, Accenture Team up on Data Factory in the Cloud to Improve Oil and Gas Operations
- Baker Hughes Collaborates With C3 AI
- Delek US Gains First BVLOS Approval for U.S. Refineries Using Percepto Drone and AI Solution
- Eni Announces the Start of a Collaboration with Holcim to Develop an Innovative Technology for CO₂ Utilization
- Neptune Energy's New Digital Twins Support Dutch New Energy Projects
- Petronas, Waygate to Commercialize Robotic Solution for O&G Industry
- Tenaris, Microsoft Form Strategic Partnership to Drive Digital Value Chain Innovation
- Advice for the Technology Supplier
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- Related Research
- Synopsis
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