Flaring intensity needs immediate action to keep net-zero hopes alive
Average flaring intensity per barrel is at its highest in five years – even as the IEA says it must fall 90% by 2025.
UK government to invest £200m in a bid to cut carbon emissions
The UK Government is encouraging businesses to bid for a share of £200m to help...
Aquaterra to develop world-first offshore green hydrogen jack-up rig
A partnership has been signed between Aquaterra Energy, Lhyfe, and Borr Drilling to develop offshore green hydrogen production in the North Sea.
Navigator Gas wins DNV’s approval for ammonia-powered gas carrier
The awarding of the approval was announced as part of London International Shipping Week 2021.
US to expand offshore drilling after reviewing IPCC climate change report
The Biden Administration believes the IPCC climate change report ”does not present sufficient cause” to halt its plan to expand offshore drilling.
Latest Deals
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Royal Dutch ShellMergers & Acquisitions $9.5BN
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Pioneer Natural ResourcesMergers & Acquisitions $2BN
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TC EnergyMergers & Acquisitions $1.3BN
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Pharos EnergyMergers & Acquisitions $115M
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Royal Dutch ShellMergers & Acquisitions $9.5BN
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Pioneer Natural ResourcesMergers & Acquisitions $2BN
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TC EnergyMergers & Acquisitions $1.3BN
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Pharos EnergyMergers & Acquisitions $115M
Cloud deals, company filing mentions, and jobs in the oil & gas sector in Q2 2021 and change from Q2 2020
| Indicator | Count |
|---|---|
| Financing Deals | 1 (−1▼) |
| M&As | 2 (−1▼) |
| Partnership Deals | 0 (−1▼) |
| Company filings mentions | 30 (−67▼) |
| Jobs | 1,850 (+1,219▲) |
Latest News
Subsea 7 bags contract for Ormen Lange project offshore Norway
Subsea 7 will install subsea flowline system and OneSubsea’s multiphase compression system for the Ormen Lange project.
Ineos to invest $1.4bn in UK refinery to meet net-zero goal
The company’s 2030 road map for the refinery shows plans to capture and store at least one million tonnes per annum of CO₂.
New Fortress Energy finalises Sri Lanka LNG terminal contract
The company plans to commission the terminal in 2023 and initially supply 1.2 million gallons of LNG a day.
India’s Petronet LNG awards contract to L&T Hydrocarbon Engineering
The contract covers the engineering, procurement, construction and commissioning of two LNG storage tanks.
Latest Themes
Inside the $45bn robotics market: The taxonomy and value chain behind today’s robot helpers
The robotics industry was worth $45bn in 2020, and by 2030, it will have grown at a CAGR of 29% to $568bn.
Is the oil & gas sector seeing the beginnings of a cloud investment boom?
The oil & gas industry is seeing changes in cloud investment across several key metrics,...
‘VU’ Creates Digital Solution for Fraud Prevention and Identity Protection
Concept: Argentina-based cybersecurity company ‘VU’ has created a fraud prevention and identity protection solution for...
Researchers from MIT Generates Hydrogen Fuel from Aluminium Scrap and Water
Concept: IBM and Mercedes has announced the development of "Urban Guard - Stolen Vehicle Help,"...
Baidu Develops Autonomous Excavators System for Construction Industry
Concept: Researchers from Baidu Research Robotics and Auto-Driving Lab (RAL) and the University of Maryland...
Singapore Deploys Public Compliance Robots
Concept: Singapore has begun testing two autonomous robots to patrol public spaces and prevent bad...
Triax’s IoT-Powered Suite Optimizes Workplace Safety and Efficiency
Concept: Connecticut-based technology startup Triax Technologies (Triax) has rolled out Spot-r Suite, an IoT-powered versatile...
Honeywell’s New Tech Allows Drones to Fly Longer
Concept: Honeywell has unveiled a new technology suite for light drones that allows them to...
Expert Commentary & Analysis
View MoreGermany leads underground working gas storage capacity in Europe
Germany has the leading active working gas capacity in Europe, as of September 2021, at...
Russia dominates upcoming oil and gas production projects starts in FSU by 2025
39 gas production projects are expected to start operations in four countries in the Former...
Blockchain: Regulatory Trends
Enterprises work within the privacy rules governed by regulation and customers trust them with their...
Blockchain: Macroeconomic Trends
Industry alliances or consortia have become popular as implementation of blockchain solutions requires a group...