Special reports

A total of 74 billion-dollar deals were undertaken in the oil and gas industry last year, compared to only 40 in 2020, says GlobalData.

Wood Mackenzie has released a report that discusses the uncertainties and issues impacting global demand, oil supply and refining markets this year.

In the second year of a COVID-influenced market, US upstream M&A rose 25% year-over-year to reach US$66 billion.

Upstream oil investments are projected to rise from US$287 billion in 2021 to US$307 billion this year, a 7% increase, while midstream and downstream investments will fall by 6.7% to US$172 billion this year, according to Rystad Energy.

GlobalData’s analysis of oil product flows suggests that when kerosene is excluded, oil product demand in 3Q21 had fully recovered — compared to the same period in 2019.

The most significant contributors to this steep decline were the Bakken and Permian plays, which saw reduced flaring of around 50 million ft3/d each in September.

In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications of the pledges made at COP26 and governments must set a course for the industry to follow.

The HiberHilo is a simple solution for remote pressure and temperature monitoring. Read this article to find out more!

South Korean conglomerate POSCO has made a surprise move on Australian gas producer Senex Energy.

According to GlobalData, the merger adds significant oil production for Woodside and will ultimately lead to a more carbon-intensive product base over the near term.

The theme of ‘Climate Change’ was mentioned over 210 000 times in GlobalData’s Filing Analytics database of global O&G company filings in 2020 and 2021 combined – a 41% increase from the 2018-2019 period.

The biggest growth is expected to happen in the Permian Basin, where crude oil and condensate supply is projected to increase by almost 0.90 million bpd from 4.5 million bpd in 2021 to 5.4 million bpd by 2030.

China’s NOCs are expected to splurge more than US$120 billion on drilling and well services in the five-year period of 2021-2025, seeking to meet the rising oil and gas demand, according to a Rystad Energy report.

VELO3D teams with IMI Critical Engineering to provide a major O&G operator with additively manufactured components for field service.

Demand for land rigs is estimated to return to pre-pandemic (2019) levels by 2025, according to analysis by Westwood Global Energy Group.