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TECH SUPPLIER Aug 2019 - Market Perspective - Doc # EUR144326819

Oil and Gas Industry Quarterly Update: April–June 2019

By: Gaurav VermaResearch Manager, IDC Energy Insights, Luiza Semernya

Abstract

This IDC Energy Insights Perspective provides a quick one-stop-shopping overview of the EMEA oil and gas industry in the second quarter of 2019, covering M&As, agreements, reorganizations, and major business developments; upstream deals; midstream deals; global LNG contracts; downstream deals; EPC deals, ICT ecosystem major acquisitions, and agreements; and ICT contract wins.

"On one hand, trade tensions between the world's two biggest economies, the U.S. and China, continue to escalate with likely repercussions on the global economy and the demand for oil. On the other, continued production cut efforts from OPEC and Russia, compounded by U.S. sanctions on Iran and Venezuela, may help the market avoid a supply glut," said Gaurav Verma, research manager, IDC Energy Insights.


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