Energy company General Electric (GE) has announced that it has begun to sell...
Oil and gas equipment and services M&A activity up 121% on last quarter
A year-on-year comparison saw an increase of 17 per cent in the number of deals and 193 per cent in value, compared with Q2 2018, when there were 93 deals worth a combined value of $4 billion.
China reforms hydrocarbon sector to encourage foreign investment
In June 2019, the government removed the requirement for foreign companies to form joint venture partnerships with National Oil Companies (NOCs) for conventional projects.
Digital transformation gathers pace for Middle East oil producers
While digital business transformation is not unique to the Gulf, its impact on a region that has grown on the back of capital spending driven by oil revenues for decades is set to be profound.
Demand for robots in oil and gas is revving up at a fast pace
The oil and gas industry has geared up to deploy robotics across a wide range of applications in the upstream, midstream and downstream segments. Ageing infrastructure is necessitating regular inspection of assets and autonomous drones are being used due to their sheer number and issues related to accessibility.
Oil and gas companies are targeting liquefaction and pipeline sectors in North America
North America's big new-build spenders over the next five years are Alaska Gasline Development Corp (AGDC), TC Energy Corporation and Venture Global Partners LLC.
China-Africa co-operation promotes developments in Africa’s upstream sector
Africa accounts for more than 25% of the total oil and gas imported to China, making it the second largest region supplying China after the Middle East.
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