Oil and Gas Industry Quarterly Update: October-December 2022
This IDC Market Perspective provides an overview of the oil and gas industry in 4Q22. 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."Amid global geopolitical events and potential supply disruption, organizations are experiencing strong headwinds in their strategy to reduce upstream footprints," 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
- Russian Oil Trade-Off
- OPEC Oil Output Drops in 4Q22
- 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 Operations
- Upstream Licenses Round and E&P Agreements, 22Q4
- Israel Signs Initial Agreement with TotalEnergies, Eni for Gas Exploration
- M&As, Agreements, Reorganizations, and Major Business Developments, 22Q4
- ADNOC to Buy 24.9% Stake in Austria's OMV
- Aker BP, Tietoevry Announce New Long-Term Partnership
- Stonepeak to Acquire Pembina's Stake in Canadian Gas Pipeline System
- Qatar Petroleum to Acquire TotalEnergies' Stakes in South African Blocks
- Upstream, 22Q4
- Exxon Mobil, Partners Make New Hydrocarbon Discovery in Angola
- LUKOIL to Acquire Stake Worth $435M in Area 4 Project Offshore Mexico
- TotalEnergies, Eni Make Gas Discovery in Block 6 Offshore Cyprus
- Turkish Petroleum Discovers Oil Worth $12B in Mount Gabar
- Savannah to Acquire Petronas' South Sudan Oil And Gas Assets
- Qatarenergy, Totalenergies, and Petronas Win Offshore Exploration Block in Brazil
- Midstream, 22Q4
- ADNOC, India's GAIL Agree To Explore LNG Supply and Decarbonization Opportunities
- Argentina Gets $689M from Brazil Development Bank for Vaca Muerta Pipeline
- bp Begins Shipping LNG from Mozambique's First LNG Project
- Equinor Plans $1.3B Investment to Upgrade Norwegian LNG Plant
- Gascade Builds LNG Pipeline to Strengthen German Gas Network
- Japan's INPEX Signs 20-Year LNG Deal With Venture Global Inpex Corp
- Mexico Unveils Plans to Build LNG Export Hub at Coatzacoalcos Port
- Downstream, 22Q4
- Aramco, Sinopec, SABIC to Join Forces for Refining Projects
- Aramco, TotalEnergies Make FID To Build $11B Petrochemical Complex
- OOMCO Expands Operations in Saudi Arabia, Tanzania
- MOL Acquires over 410 LOTOS Stations in Poland
- Namcor Expands Retail Network to 13 Locations in Namibia
- Repsol, EIB Sign €120M Loan Agreement to Finance the First Advanced Biofuels Plant in Spain
- Engineering, Procurement, and Construction/Installation/Commissioning Contracts (EPC/EPCI/EPCC), 22Q4
- Aker Secures Subsea Contract for Wintershall Dea's Norwegian Project
- Maire Tecnimont Wins €80M EPCM Contract in Greece
- Petronas Awards EPCC Contracts to JGC and Samsung Heavy Industries
- Saipem Secures Offshore Contracts Worth $1.2B in Guyana and Egypt
- Subsea 7 Confirms Three Contracts for Field Development Projects in Norway
- New Energy Business Investments, Contracts, and Major Business Developments, 22Q4
- Chevron Invests in Carbon Capture and Removal Technology Company, Svante
- Eni, SONATRACH Inaugurate Solar Lab, Lay First Stone of PV Facility in BRN, Algeria
- Eni Rolls Out Initiatives to Create an Innovative Hub for Energy Transition in Rwanda
- Eni to Form JV with Snam to Develop CCS Project in Italy
- Equinor Seals Deal to Join Australian Pioneer Oceanex for Gigascale Floating Wind
- Hertz, bp Collaborate to Accelerate EV Charging in North America
- Saudi Arabia Plans Largest Renewable Energy Plant
- Shell Catalysts & Technologies Enters Agreement with Technology Centre Mongstad
- Plenitude Acquires 81MW Photovoltaic Plant in Texas
- ICT Ecosystem Major Acquisitions and Agreements and ICT Contract Wins,, 22Q4
- Aramco Partners with U.S. Software Company for Carbon Capture Tech
- Emerson to Help Enable Carbon-Efficient Production from Equinor's Martin Linge North Sea Development
- Cognizant Acquires Utegration LLC
- SLB to Acquire Wellbore Positioning and Survey Technology Company Gyrodata Incorporated
- Eni, PASQAL to develop Quantum Solutions for the Energy Sector
- Coolbrook, ABB Partner with Investment to Accelerate Decarbonization of Heavy Industries
- ExxonMobil, Mitsubishi Heavy Industries Form Carbon Capture Technology Alliance
- GE Digital Partners with TrendMiner to Empower Energy and Resources Industries with Advanced Process Analytics
- Wintershall Dea Uses AGR Software to Track Offshore Drilling Cost and Time
- Advice for Technology Suppliers
- Learn More
- Related Research
- Synopsis
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