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TECH SUPPLIER Nov 2018 - Market Perspective - Doc # EMEA44327018

Oil and Gas Industry Quarterly Update: July–September 2018

By: Luiza SemernyaResearch Analyst, IDC Energy Insights, EMEA, Gaurav VermaResearch Manager, IDC Energy Insights

Abstract

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.


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