target audience: TECH SUPPLIER Publication date: Aug 2023 - Document type: Market Perspective - Doc Document number: # EUR151059923
Worldwide O&G Industry Quarterly Update: April–June 2023
This IDC Market Perspective provides an overview of the O&G industry in 2Q23. It covers 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.
" O&G players are at a crossroads between energy security and energy transition. It will be more interesting to watch how they balance their path amid current unfavorable market conditions," said Gaurav Verma, research manager, IDC Energy Insights.