The US held a 46.4% share of the global oil & gas industry M&A deal value that totalled $117.93bn in Q3 2020
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Posted inDRILLING & PRODUCTION
Oil prices rise on trader euphoria after OPEC+ compromise
Bjornar Tonhaugen, Rystad Energy’s head of oil markets, comments on the oil price rise following OPEC+ meeting
Posted inProducts & Services
As global oil demand outlook weakens, planned refining capacity boom set to keep utilization low
New and expanding projects from the beginning of 2020 and up until the end of 2025 are estimated to add about 13 million bpd of global capacity
Posted inProducts & Services
Global oil and gas contract activity reports marginal increase during Q3 2020, says GlobalData
The industry recorded contract value of $14.16bn in Q3 2020
Posted inExploration
Abu Dhabi discovers new unconventional onshore oil resources
The SPC announced the discovery of 22 billion stock tank barrels’ worth of recoverable unconventional oil resources onshore
Posted inDRILLING & PRODUCTION
Oil & gas bankruptcies, restructurings and mergers to continue in 2021
In an exclusive Q&A, Opportune Managing Director Gary Pittman compares this year’s market crisis to the price crash in 2014, and looks ahead to 2021