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Worldwide Oil & Gas Industry Quarterly Update: April-June 2018

Worldwide Oil & Gas Industry Quarterly Update: April-June 2018

This IDC Energy Insights Perspective provides a quick one-stop-shopping overview of the EMEA oil & gas industry in the second quarter of 2018, covering M&As, agreements, reorganizations, and major business developments; upstream deals; midstream deals; global LNG contracts; downstream deals; and ICT contract wins. "The oil & gas industry is undergoing profound changes, ranging but not limited to climate change (particularly in Europe), the transition from easy oil to hard-to-explore geographies, and changing dynamics of fossil fuel share in the world energy mix. Perceiving the operational bottleneck in the future digitally empowered ecosystem, oil business owners are either working or planning to strengthen their enterprisewide digital capabilities. However, sources of funding for digital projects is a matter of highest concern — few companies seem to advocate a separate budget, and a larger chunk only rely on cost-cutting efforts," said Gaurav Verma, Oil and Energy Manager, IDC Energy Insights EMEA.

Executive Snapshot
New Market Developments and Dynamics
Industry Overview
Oil Geopolitics
GDP Trends
Exploration and Production Activity: Rig Count
Liquid Fuel Production and Demand
Oil Prices
Natural Gas Prices
Listed Oil & Gas Performance
Hydrocarbon Refining Margin
Upstream Licenses Round
M&As, Agreements, Reorganizations, and Major Business Developments, 2Q18
Shell Plans "Massive" Expansion
Shell to Sell Its Canadian Natural Resources Stake for $3.3 Billion
Hess Acquires Interest in New Acreage Offshore Guyana
OMV to Buy Gazprom's Siberian Assets Instead of Swapping Sources
Greece's DEPA to Sell Stake in Gas Supplier to Eni
Upstream, 2Q18
Turkish Cypriots Vow to Launch Gas Search Unless Greek Side Pulls Back
Lukoil, Gazprom Agree to Jointly Develop Two Fields in Nenets Autonomous District
Shell Starts Production at First Phase of Kaikias in the Gulf of Mexico
Saudi Aramco Awards Contract for Unconventional Resources Project to Halliburton
Midstream, 2Q18
Russia's Gazprom Completes Sea Portion of TurkStream First Line
Bulgaria-Greece Gas Pipeline Launches $175.70 Million Tender for Construction
Slovak, Polish Firms Sign Deal to Build Gas Interconnector
Sound Energy to Build Pipeline to Commercialize Moroccan Gas
Albania's Albgaz, Italy's Snam Sign Gas Joint Venture Deal
LNG Contracts, 2Q18
Malaysia's Petronas Buys 25% Stake in LNG Canada Project
Total Takes 10% Stake in Russia's Arctic LNG 2 from Novatek
Russia to Boost Presence on Global LNG Market
ExxonMobil Considers Importing LNG to Australia
Trafigura Signs Second Storage Agreement with Singapore LNG Corp
Downstream, 2Q18
OMV to Spend $11.6 Billion in Shift Toward Gas, Refining
Egypt Lets Contract for Midor Refinery Expansion
Nigerian Operator Lets Contract for New Refinery
Pemex Lets Contract for Tula Refinery
Iraq Hails Downstream Progress
Uganda Signs Agreement with Investors to Build Oil Refinery
ICT Contract Wins, 2Q18
Statoil Enters Agreement with Capgemini to Advance its Digital Road Map
Total Partners with Google Cloud to Develop AI Solutions for E&P
Repsol Selects Emerson for Multiyear Exploration Technology Contract
Advice for the Technology Suppliers and Services Providers
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