Oil and Gas Industry Quarterly Update: July-September 2022

Executive Snapshot

• Figure: Executive Snapshot: Oil and Gas Industry Quarterly Update, July-September 2022

New Market Developments and Dynamics

• Industry Overview

• Oil Geopolitics

• China Agrees to Pay for Russian Gas in Rubles and Yuan

• Complying with EU and Norwegian Sanctions, Equinor Completes Exit from Russian Operations

• Russian Pipeline Natural Gas Exports to Europe Decreases 40%

• Tension over the Nord Stream Pipeline Explosions

• GDP Trends

• Figure: Worldwide Real GDP Growth by Region, 2022

• E&P Activity

• Rig Count

• Figure: Worldwide Oil Rig Count, October 2021-September 2022

• Liquid Fuel Production and Consumption

• Figure: World Liquid Fuels Production and Consumption, October 2021-September 2022

• Oil Prices

• Figure: Brent and WTI Crude Oil Price Trends, October 2021-September 2022

• Natural Gas Prices

• Figure: Natural Gas Prices, October 2021-September 2022

• Listed Oil and Gas Companies' Performance

• S&P Global Oil Index

• Figure: S&P Global Oil Index, October 2021-September 2022

• S&P GSCI Natural Gas Index

• Figure: S&P GSCI Natural Gas Index, October 2021-September 2022

• Downstream: Refinery Operations

• Upstream Licenses Round and E&P Agreements, 22Q3

• Congo Opens up Bidding of Oil Blocks

• U.K. Launches New North Sea Oil and Gas Licensing Round

• Uganda Announces Oil Block Licensing Round

• M&As, Agreements, Reorganizations, and Major Business Developments, 22Q3

• Azule Energy Comes to Light as Angola's Newest O&G Producer

• Chevron Signs MOU to Form Consortium to Explore Singapore CCUS Solutions

• EIG to Pay $4.8B for 25% Stake in Repsol's Upstream Business

• bp to Sell Interest in bp-Husky Toledo Refinery to Cenovus

• bp to Sell its Business in Algeria to Eni

• Equinor Signs Gas Sale Agreement with Poland's PGNiG

• Exxon to Sell Arkansas Shale Gas Assets to Flywheel Energy

• Germany Looking to Nationalize Another Gas Importer

• Marathon Petroleum, Neste Fform JV for Renewable Fuels Project in the U.S.

• PKN Orlen Looking to Buy Stake in Germany's PCK Schwedt Refinery

• TotalEnergies to Divest 49% Stake Russia's Termokarstovoye Gas Field

• Whitecap Resources Inc. Acquires XTO Energy Canada in All-Cash Transaction, Increases Dividend by 22%

• UAE Agrees LNG Deal with Germany

• Upstream, 22Q3

• ADNOC, Eni Explore Further Opportunities to Positively Contribute to Increasing Worldwide Gas Supply Security

• Aker BP Plans Exploration Drilling of 15 Oil And Gas Wells in 2023

• Eni Discovers Gas Offshore Cyprus

• LUKOIL to Start Caspian Development Drilling

• Neptune Energy Confirms New Oil Discovery Offshore

• ONGC Signs Offshore Small Fields Development Contracts

• Midstream, 22Q3

• ADNOC Announces $548M New Main Gas Line to be Built at Lower Zakum Field

• Cheniere, Whistler Pipeline to Form JV for Natural Gas Pipeline in the U.S.

• Petronas, YPF to Develop Argentina LNG Project

• Slovakia's SPP Signs LNG Contract with ExxonMobil

• Downstream, 22Q3

• Germany Assumes Control of Rosneft Deutschland Refineries

• Indian Oil Lets Contract for Panipat Refinery's Expansion Project

• bp Progresses Work to Restart Whiting Refinery

• Engineering, Procurement, and Construction/Installation/Commissioning Contracts (EPC/EPCI/EPCC), 22Q3

• Angola Consortium Grants Development Contracts to Saipem

• Neste Lets Contract to Technip to Expand Rotterdam Renewables Refinery

• Technip and Partners to Develop Floating CCS Hub in Australia

• New Energy Business Investments, Contracts, and Major Business Developments, 22Q3

• bp to Invest in New Global Battery R&D Center in Britain

• CNPC Launches 300MW Grid-Connected PV Generation Project in Yumen Oilfield

• Equinor to Buy U.S.-Based Battery Storage Firm East Point Energy

• First Power at Scotland's Largest Offshore Wind Farm

• Hertz, bp Collaborate to Accelerate EV Charging in North America

• Iberdrola, bp to Collaborate on Accelerating EV Charging Infrastructure and Green Hydrogen Production

• Plenitude to Develop New Partnership for Wind, Photovoltaic Projects in Italy and Spain

• Qatarenergy Signs Deal with GE to Develop Carbon Capture Roadmap

• Shell to Build One of the Largest Renewable Hydrogen Plant to Help Power Dutch Refinery

• European Commission Selects Be Charge to Build One of the Largest High-Speed Charging Networks in Europe

• TotalEnergies, Veolia Partner to Build the Largest Solar PV System for a Desalination Plant in Oman

• TotalEnergies Selected to Install 4,400 EV Charging Stations in Flanders

• Wildcat Discovery Raises $90M for High-Density EV Batteries

• ICT Ecosystem Major Acquisitions and Agreements and ICT Contract Wins,, 22Q3

• Baker Hughes Acquires Artificial Lift/Oilfield Solutions Provider AccessESP

• CGG, bp Sign Multi-Year Data Transformation Agreement

• CleanTech Acquisition Corporation, Nauticus Robotics Complete Business Combination

• OneSoft, Uptake Collaborate to Improve the Precision of Oil and Gas Pipeline Integrity

• Petrobras to Launch Atos-Built Pégaso Supercomputer

• Radix Wins Contract with Petrobras for Well and Subsea Engineering Solutions

• Schlumberger, Aramco to Collaborate on Digital Sustainability Solutions for Hard-to-Abate Carbon Industries

• Schlumberger and Cognite to Deliver Data-Driven Solutions

• Schlumberger Awarded Energy Data Project from Wintershall Dea

• Schlumberger Launches Enterprise Data Solution Powered by Microsoft Energy Data Services

• Siemens, Shell Collaborate to Advance Highly Efficient Low-Carbon Energy Solutions

• TWMA Launches XLink Real-Time Monitoring and Automation Solution

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