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Oil and Gas Industry Quarterly Update: January-March 2022

Publisher IDC
Published Apr 26, 2022
Length 26 Pages
SKU # IDC17146909

Description

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.

Table of Contents

26 Pages
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
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