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Oil and Gas Industry Quarterly Update: July–September 2019

Oil and Gas Industry Quarterly Update: July–September 2019

This IDC Market Perspective provides an overview of the EMEA oil and gas industry in 3Q19, covering 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 construction of a new pipeline network connecting U.S. Permian oil to West Texas and the U.S. Mexican Gulf is set to pour more oil in the market. Would a plan of a production cut from OPEC and Russia help the oil market from a potential supply glut and its repercussions? O&G policymakers should take heed," 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
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
Hydrocarbon Refining Margin
Upstream Licenses Round
M&As, Agreements, Reorganizations, and Major Business Developments, 3Q19
Acteon Acquires Proserv's Two Business Units
ADNOC, CNOOC Sign Agreement on O&G Collaboration
Archer Wins Contract from OMV for Modular Drilling Rig Archer Emerald
BOEM Approves Equinor's Stake Acquisition in Caesar Tonga Field
Cairn Energy to Divest 10% in Nova Development, Offshore Norway
ConocoPhillips Sells U.K. E&P Subsidiaries, Pulls Out of Louisiana Unconventional Play
Edison to Sell Oil and Natural Gas Unit to Energean for $750M
Eni to Sell 13.8% Stake in Three Kenyan Blocks to Qatar Petroleum
Equinor to Divest 16% Stake in Lundin Petroleum for $1.6B
Expro Acquires Norwegian Technology Company Quality Intervention
InfraStrata Signs Exclusivity Deal for Cumbria FSRU Project
INPEX to Acquire 40% Stake in Four Blocks in U.S. Gulf of Mexico
Occidental Petroleum Acquires Anadarko Petroleum for $55B
Subsea 7 Wins Contract for Lapa Field Development in Brazil
Total to Sell Several North Sea Oil Assets to Petrogas for $635M
W&T Acquires ExxonMobil Interests in Gulf of Mexico Assets for $167.6M
Upstream, 3Q19
Aker BP Finds Oil in Liatårnet Well Offshore Norway
Eni, Vitol Secure Rights to Explore Block WB03 Offshore Ghana
Eni Discovers Gas and Condensate in Song Hong Basin Offshore Vietnam
Kosmos Energy and Partners Discover Gas at Greater Tortue Project
Optimum, LEKOIL Agree to Advance with Nigerian Block Development
PDC Energy to Acquire SRC Energy
Petrobras Signs Contracts to Sell Offshore Fields for $1.5B
PGNiG Buys 20% Interest in North Sea Gas Field
Qatar Petroleum to Acquire E&P Rights in Two Blocks Offshore Guyana
Sonadrill JV Scores $101M Angola Drillship Contract
Weatherford Signs $87M Fishing, Intervention Contract with Petrobras
Midstream, 3Q19
EPIC Midstream Ships First Crude on New Permian Line to Gulf Coast
Iraq Signs Contract with Chinese Oil Company to Complete 80 Wells in Iraq
LNG Contracts, Agreements, and Approvals, 3Q19
Saipem Joins JV to Develop Arctic LNG Project
Shell, Exxon Pursuing Pakistan LNG Terminal Plans
Total and Partners Greenlight Russian Arctic LNG 2 Project
Downstream, 3Q19
Aramco Completes Buyout of SASREF Refining JV
Aramco to Take 20% Stake in RIL's downstream business
BPCL Lets Contract for Mumbai Refinery
Husky Advances Superior Refinery Rebuild, Revamp
Kuwait Advances Expansion of Al-Zour Integrated Refining Complex
Matrix Awarded Five-Year Shell Refinery Contract
PKN ORLEN Grants Contract for Plock Refinery
RIL, BP Eye Retail, Aviation Fuel JV
SABIC, ExxonMobil Break Ground on U.S. Gulf Coast Petrochemical Project
Sasol Starts up Cracker at Louisiana Petchem Complex
Sibur Lets Contract for Revamp of Benzene Production Complex
Sonatrach-Total JV Lets Contract for C3 Oleflex Unit
Engineering, Procurement, and Construction/Installation/Commissioning Contracts, 3Q19
Aker Solutions Launches Intelligent Subsea Field Design System
Sapura Wins Contracts from BSP, Petronas
SBM Offshore Signs Long-Term FPSO Supply Agreement with ExxonMobil
SNC-Lavalin Wins UAE Oil and Gas Contract
Subsea 7 Wins New EPCI Contract from Saudi Aramco
TechnipFMC Secures Subsea Contracts for MJ1 Gas Field in India
ICT Ecosystem Major Acquisitions and Agreements and ICT Contract Wins, 3Q19
BHGE, Launch AI-based Production Downtime Warning Tool
PetroKazakhstan Lets Contract for Shymkent Refinery Revamp
Tieto, KADME Join Forces to Increase Focus on NDR Opportunities to the O&G Market
Schlumberger, TIBCO Collaborate to Provide Advanced Analytics in the DELFI Environment
Schlumberger, Chevron, Microsoft Collaborate to Accelerate Digital Transformation
Advice for Technology SupplierS AND Services ProviderS
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