Global hydrogen demand could rise by six-fold to 530 Mt in 2050
The time is ripe for the world’s major energy exporters to accelerate the energy transition, and mastering the hydrogen trade could make a difference, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). The global energy market was worth an eye-watering US$2 trillion in 2020, contributing to more than 9 billion tonnes of carbon dioxide equivalent […]
Deal value for the sector increased by 16.1% from $192bn during Q1-Q3 2020 to $223bn in Q1-Q3 2021
Baker Botts and Vinson & Elkins were the top mergers and acquisitions (M&A) legal advisers in the oil and gas sector for Q1-Q3 2021 by value and volume, respectively, according to GlobalData. The leading data and analytics company notes that Baker Botts advised on 20 deals worth $35.9bn, which was the highest value among all […]
Oil prices started the week with gains, as the market expects OPEC+ to maintain its supply policy and not relieve the extreme supply tightness
The oil market is expected to see bullish momentum this week, at least until OPEC+ meets, as traders expect no change of supply policy by the group, despite the extreme market tightness. Oil prices are already rising today, despite the OPEC+ meeting being scheduled for Thursday, ignoring bearish developments such as China deciding to release oil […]
JP Morgan advised on ten deals valued at $1 billion or more
JP Morgan has emerged as the top financial adviser for mergers and acquisitions (M&A) by both value and volume in the oil & gas sector for Q1-Q3 2021, according to GlobalData, having advised on 22 deals worth $47.7bn. The leading data and analytics company notes that there was a total 1,257 M&A deals announced in […]
Intertek will assist Tatweer Petroleum in validating the specifications, value, and safety of raw materials, products and assets
Intertek has been awarded a contract by Tatweer Petroleum for the provision of quality assurance solutions in Bahrain. Intertek will provide a ‘factory-to-field’ inspection and quality assurance programme assisting Tatweer Petroleum in validating the specifications, value, and safety of raw materials, products and assets. It will also verify the quality and compliance of products and […]
NOCs must not only understand the latest challenges at hand but also ensure they evolve to endure – something achievable through holistic strategy and technology deployment
With the Middle East demonstrating an unrelenting willingness to combat the climate crisis and make further progress en route to a sustainable future, the immediate future demands anticipation and action in equal measure. While roadmaps have already been established to meet related objectives, the wider energy system is continuously changing in times of disruption and […]
Missed the Oil & Gas Future Forum? Watch the full event here!
Watch all three panels from the Oil & Gas Future Forum on-demand now. 0:00:00 – Hydrogen on the Horizon Jeffrey McDonald, Hydrogen Pricing Specialist at S&P Global Platts Jeffrey Benoit, Vice President of Strategy, Marketing and Hydrogen Initiatives at PSM 0:40:00 – How HSE will transform following the pandemic Shaun Hannam, EMEA head of HSES […]
The new fund aims to create national leaders in energy and energy-related technologies
Jada Fund of Funds, wholly owned by the Public Investment Fund (PIF), has become the anchor investor of Saudi Arabia-based Energy Capital Group’s (ECG) new fund. The new fund has been formed with a merger between ECG and Cayan Holdings. ECG and Cayan Holdings led multiple private equity funds, which invested in regional & global […]
The company's net income rose 158% year-on-year in Q3 2021
Aramco’s net income for Q3 2021 rose 158% year-on-year (yoy) to $30.4 billion and the company declared a dividend of $18.8 billion to be paid in the fourth quarter. The increase in net income was primarily the result of higher crude oil prices and volumes sold and stronger refining and chemicals margins in Q3, which […]
The second day of the 5th Anniversary Future Investment Initiative (FII), which kicked off in Riyadh on Tuesday with world leaders, global CEOs, investors, and policymakers in attendance, saw another day of lively debate and discussions including the impact of climate change, investing in green initiatives, ESG and sustainable food security and their influence on […]
