United-Quattro North Sea deal pushed back once more
The £3.2m North Sea deal has been bumped back for the second time, the extension intended to give time for all deal conditions to be met.
Fire shuts down Shell’s Prelude LNG facility – crew evacuated
Shell has shut down its Prelude LNG facility following an electrical fire, in the latest...
Shell withdraws from North Sea Cambo project amidst environmental pushback
Shell has pulled out of the Cambo offshore project, citing weak economics, though environmentalists have claimed the move as a victory.
Ardersier Port set to become Europe’s first circular energy facility
The Scottish port will be used to turn disused oil rigs into the foundations for floating wind units, all as part of a circular economy.
Q&A: shipping industry gains new framework to aid decarbonisation
We speak with the International Group of LNG Importers about the group’s new framework for monitoring emissions from LNG vessels.
Latest Deals
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Saudi AramcoMergers & Acquisitions $15.5BN
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ConocoPhillipsMergers & Acquisitions $9.5BN
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EquinorMergers & Acquisitions $434M
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EniMergers & Acquisitions $435M
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Saudi AramcoMergers & Acquisitions $15.5BN
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ConocoPhillipsMergers & Acquisitions $9.5BN
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EquinorMergers & Acquisitions $434M
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EniMergers & Acquisitions $435M
Top ten countries for digitalisation jobs growth in offshore oil and gas industry operations and technologies in the three months to September
| Country | July-September YoY AI jobs growth (percentage points) |
|---|---|
| Australia | 2.2 |
| Hungary | 1.9 |
| UK | 1.9 |
| Canada | 1.5 |
| Poland | 0.6 |
| Mexico | 0.2 |
Latest News
CABGOC renews Block Zero concession in Angola through to 2050
CABGOC will continue as the operator of the concession with a 39.2% interest.
ExxonMobil aims for net-zero Permian Basin emissions by 2030
ExxonMobil plans to electrify operations and eliminate routine flaring to achieve net-zero emissions in the Permian Basin.
Saudi Aramco signs $15.5bn gas pipeline deal
This is Saudi Aramco’s second such infrastructure transaction in 2021.
PGS to conduct 4D survey of Brazilian offshore fields
PGS will conduct a 4D acquisition survey of the Roncador and Albacora Leste fields offshore Brazil.
Latest Themes
ESG related deals in the offshore industry decreased in H1 2021
ESG-related deals made up 3.1% of all deals announced in the offshore oil and gas industry operations and technologies sector in the first six months of 2021.
Filings buzz in oil and gas industry: 99% increase in big data mentions in Q2 of 2021
Mentions of big data within the filings of companies in the oil and gas industry rose 99% between the first and second quarters of 2021.
Artificial intelligence innovation among offshore industry companies has dropped off in the last year
Analysis of patent filings shows a shrinking level of AI related applications in the industry over the past year
Sights, style and space: The biggest M&A deals show a world reopen for business
2021s third financial quarter (Q3) saw global M&A deal value drop slightly, with the biggest M&A deals recorded for the apparel sector.
Europe is seeing a hiring boom in offshore industry big data roles
Europe was the fastest growing region for big data hiring among offshore industry companies in the three months ending September.
Filings buzz in oil and gas industry: 32% increase in cybersecurity mentions since Q2 of 2020
Mentions of cybersecurity within the filings of companies in the oil and gas industry rose 25% between the first and second quarters of 2021.
Yahsat and Ericsson announce deal to boost industry technology services
The agreement will boost telecommunications, automation, and IoT services across the oil and gas, mining, and ports industries.
BYJU’s, India’s most valuable unicorn, is giving the UK an education in AI technology
Byju’s expansion comes to the UK with an innovation hub exploring AI technology in education.
Expert Commentary & Analysis
View MoreNetherlands exploration and production outlook
2020 saw the lowest oil and gas supply in over a decade in the Netherlands,...
Lower oil prices have not translated to reduced petrol prices for UK consumers
Oil prices have fallen by $10, which, however, did not mean a fall in petrol...
Ecuador Exploration and Production Outlook
Natural gas production steeply declines 37% over the next 5 years from 130 million cubic...
Polypropylene Leads Upcoming Petrochemicals Projects Starts Globally by 2025
GlobalData’s latest report, “Global Petrochemicals New-Build and Expansion Projects Outlook, 2021-2025” indicates that 1,365 upcoming...