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 […]
Subscribe to receive the latest tech news & views in Middle East & Africa
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 […]
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 […]
Gas markets, which have been rising for weeks, are now entering a more balanced phase as a result of spot market cautiousness and tightening fundamentals
The marginal decline of Asian spot LNG prices since last week was caused by more cautious Chinese buyers, who have largely retreated from the spot market given forbiddingly high prices. However, prices didn’t have to dive deep as the decline in spot purchases was balanced by new reported supply disruptions – most recently from Bontang […]
Oil prices fell today on API’s report of a surprise build in US inventories last week
With OPEC+ reluctant to act and increase supply further amid the market tightness, the only downside to oil prices could come from inventory data this week – and that’s exactly what moved markets today. While it does not reverse the overall bullish momentum going forward, the latest forecast by the API on swelling US crude […]
Oil prices continue to gain this week as global fuel supply tightness seems to fail to meet the needs of the growing energy demand, with more upside anticipated going forward
The global energy supply crunch continues to show its teeth, as oil prices extend their upward march this week, a result of traders pricing in the ongoing rise in fuel demand – which amid limited supply response is depleting global stockpiles.  The relative calamity of Covid-19 and return to normalized mobility amid an energy […]
