TECH SUPPLIER Jan 2020 - Market Perspective - Doc # EUR144592820

Oil and Gas Industry Quarterly Update: October–December 2019

By: Gaurav VermaResearch Manager, IDC Energy Insights

Table of Contents

Executive Snapshot

Figure: Executive Snapshot: Oil and Gas Quarterly Update

New Market Developments and Dynamics

Industry Overview

Oil Geopolitics

GDP Trends

Figure: Worldwide Real GDP Growth by Region, 2019

E&P Activity: Rig Count

Figure: Worldwide Oil Rig Count, January–December 2019

Liquid Fuel Production and Consumption

Figure: World Liquid Fuels Production and Consumption Balance, January–December 2019

Oil Prices

Figure: Brent Oil Price and WTI Crude Oil Price Trend, January–December 2019

Natural Gas Prices

Figure: Natural Gas Prices, January–December 2019

Listed Oil and Gas Companies' Performance

S&P Global Oil Index

Figure: S&P Global Oil Index, January–December 2019

S&P GSCI Natural Gas Index

Figure: S&P GSCI Natural Gas, January–December 2019

Hydrocarbon Refining Margin

Figure: Excerpt of Key Global Indicator Refining Margins, January–December 2019

Upstream Licenses Round and E&P Agreements

Canacol Energy Wins Three New Colombian Gas Exploration Blocks.

LUKOIL Signs Exploration MOU with Equatorial Guinea

Russian Oil Company Enters Two Blocks Offshore Egypt

M&As, Agreements, Reorganizations, and Major Business Developments, 4Q19

ADNOC, LUKOIL Sign Cooperation Agreement on UAE Gas Fields

BP Invests in Carbon-Offset Monetization Firm

Chevron Technology Ventures Invests in Infinitum Electric as Part of Its Low-Carbon Initiative

China to Create Nationalized O&G Infrastructure Company

Chrysaor Acquires ConocoPhillips' U.K. Oil and Gas Business for $2.7B

Energean to Sell Edison E&P's North Sea Assets for $280M

Revolution Resources to Acquire Jones Energy II

KKR to Acquire Significant Stake in Canada's Coastal Gaslink Pipeline Project

Paleo Resources Signs Merger Agreement with O&G Fintech Platform EF Resources

Roan Resources Enters $1B Merger Agreement with Citizen Energy, Suspends Completion Activities

Santos Targets LNG Growth with $1.4B ConocoPhillips Deal

Seplat Buys Eland Oil & Gas for £382M

Total Acquires a Stake of Anadarko's Shareholding in Mozambique LNG

Total Gets Libya's Approval to Acquire Marathon Oil's Assets

Total Sells Offshore Brunei Interest to Shell

Wintershall to Sell Norwegian Continental Shelf Assets

Upstream, 4Q19

ADES Secures Two Deepwater Rig Contracts Offshore Kuwait

Apache, Total form Suriname Offshore Exploration Joint Venture

Ecopetrol to Acquire Gato do Mato Stake in Brazil's Presalt

Eni Makes New Oil Discovery in Gulf of Suez, Offshore Egypt

Equinor, Rosneft Move Forward on Western Siberia Field Development

Hungary's MOL Buys Chevron Stake in Azeri Oilfield for $1.6B

OMV Discovers Gas in Iris Well Offshore Norway

Weatherford Wins Multiyear Contracts in Iraq

Midstream, 4Q19

DNV GL Secures Shell Penguins Contract

Equinor Chooses Saipem for Industry-First Autonomous Subsea Drone Project

Leaders Sign Eastern Mediterranean Pipe Deal

Russia Opens Giant Gas Link to China

LNG Contracts, Agreements, and Approvals, 4Q19

EnerMech Wins Five-Year LNG Contract in Australia

Exxon Awards $13B in Mozambique LNG Contracts

MRV Awards Contract for Rovuma LNG Project in Mozambique

Total Commits $600M to Expand LNG Presence in India

Transborders, Mitsui to Develop Floating Offshore LNG Solution

Downstream, 4Q19

KIPIC Selects Honeywell as Main Automation Contractor for the Middle East's Largest Integrated Refinery Complex

MPC Lets Contract for North Dakota Refinery Conversion

U.S.-Based McDermott Signs Technology Contract with Serbia's NIS

Engineering, Procurement, and Construction/Installation/Commissioning Contracts, 4Q19

BP Awards Saipem Caspian Contracts Worth $145M

SOCAR-Petrofac JV to Provide Management Services for BP in Caspian Sea

Subsea 7 Chosen for BP Caspian Sea Construction Project

TechnipFMC Wins Contract for Nam Con Son 2 Gas Pipeline Development

ICT Ecosystem Major Acquisitions and Agreements and ICT Contract Wins, 4Q19

ABB, Equinor Sign Major Frame Agreement for Global O&G Operations

ADNOC Selects Honeywell Platform for One of the Largest Predictive Maintenance Projects in the Oil and Gas Industry

Aker BP, Schlumberger, StimWell Establish Alliance to Boost Oil Production

Atos Delivers Datacenter, Cloud, and Digital Workplace Solutions for Wintershall Dea

Baker Hughes, C3.ai, Microsoft Announce Alliance to Accelerate Digital Transformation of the Energy Industry

Halliburton, Repsol Sign E&P Cloud Data Management Agreement

Honeywell Control System to Remotely Support BP's Trinidad Cassia Compression Platform

Implico Acquires Dutch Cloud Specialist Brainum

OMV Partners with Microsoft to Accelerate Its Digitalization Strategy

Petrobras Selects Emerson's Hosting Services for Deepwater Operations

Schlumberger, Dataiku Technology Partnership will Enable Enterprise-Scale AI in E&P

SKF Acquires Industrial AI Company

Advice for the Technology Suppliers and Service Providers

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