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Oil and Gas Industry Quarterly Update: July–September 2018

Oil and Gas Industry Quarterly Update: July–September 2018

This IDC Market Perspective provides an overview of the EMEA oil and gas industry in 3Q18, covering M&As, agreements, reorganizations, and major business developments; upstream, midstream, and downstream deals; global LNG contracts; ICT ecosystem acquisitions and agreements; and ICT contract wins. "It's impossible to comment on the dynamics of volatile oil prices and how long current prices will remain high. But the handful of oil majors are using this calm period to further strengthen their productivity by incorporating digital innovations and emerging IT technologies, targeting not just core geoscience activities but also intensive asset management," said Gaurav Verma, oil and energy manager, IDC Energy Insights EMEA.

Please Note: Extended description available upon request.


Executive Snapshot
New Market Developments and Dynamics
Industry Overview
Oil Geopolitics
GDP Trends
E&P Activity: Rig Count
Liquid Fuel Production and Demand
Oil Prices
Natural Gas Prices
Listed O&G Performance
Hydrocarbon Refining Margin
Upstream Licenses Roundup
M&As, Agreements, Reorganizations, and Major Business Developments, 3Q18
Diamondback Energy to Buy Energen in $9.2 Billion Deal to Boost Permian Presence
Chesapeake Energy Plans to Sell Utica Shale Stake for $2 Billion
Verus Petroleum Acquires CIECO E&P for $400 Million
Croatia's INA Buys Back 50% JV Stake from Italy's Eni
BP Starts Up Landmark Shah Deniz 2 Development in Azerbaijan
Santos to Buy Quadrant Energy for $2.15 Billion
Italy's Eni Ups Norwegian Offshore Bet with Point Resources
BP Pays $10.5 billion for BHP Shale Assets to Beef Up U.S. Business
Total Closes $1.5 Billion Deal for ENGIE's Upstream LNG Business
Equinor Buys Danske Commodities in Shift to Broad Energy Company
BP Bets on Electric Car Switch with Britain's Chargemaster
Upstream, 3Q18
ExxonMobil Starts Deepwater Drilling Off Southeastern Australian Coast
Eni Norge Gets Regulatory Nod for Barents Sea Exploration Drilling
Norway's PSA Gives MOL Norge Nod for Exploration Well
CNPC Spends $22 Billion to Replace Ageing Oil Wells in China's Far West
Midstream, 3Q18
Jemena Completes Northern Gas Pipeline Construction
EBRD Approves TAP Loan in Boost for Developers
Sound Energy to Build Pipeline to Commercialize Moroccan Gas
Tanzania to Work with Uganda on Natural Gas Pipeline Project
LNG Contracts, 3Q18
PetroChina Green-Lights $3.5 Billion Investment in LNG Canada Project
Gazprom Signs Initial Agreement with Shell on Baltic LNG
NOVATEK and KOGAS Sign LNG Agreement
NOVATEK to Consider China's CNPC as Arctic LNG 2 Shareholder
NOVATEK Starts Yamal's Second LNG Train, Sends Condensate to Middle East
ExxonMobil to Invest in Petrochemical Complex and LNG Terminal in China
ExxonMobil Expands Mozambique LNG Project
Saipem-Led JV Wins Contract for LNG Project in Nigeria
Vopak Inks Deal with Engro to Buy 29% of Pakistan's First LNG Terminal
Thailand's EGAT Seeks LNG for First Time as Market Liberalizes
Mundra LNG Terminal in West India to Start Operations
INPEX's Ichthys LNG Produces First Gas Off Australia
Poland's PGNiG Signs Agreements for Long-Term LNG Supplies from U.S.
Ghana's LNG Terminal Secures China Investment
Bangladesh Inaugurates Its First LNG Import Terminal
Downstream, 3Q18
SATORP Renews Contract for Jubail Integrated Refining Complex
Jizzakh Petroleum to Build New Refinery in Uzbekistan
ICT Ecosystem Major Acquisitions and Agreements and ICT Contract Wins, 3Q18
3esi-Enersight Acquires Palantir Solutions, Combined Company Renamed Aucerna
Accenture Teams with SAP to Develop Cloud Solution to Digitally Transform O&G Upstream Operations
Shell Selects C3 as Strategic AI Software Platform
ExxonMobil Selects 3DEXPERIENCE Platform as Part of Its Digital Transformation
SOCAR Awarded a Contract to Baker Hughes for Turkish Refining
Petronas Chose ABB for Melaka Refining Complex
Advice for the Technology Suppliers and Services Providers
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