Oil and gas companies in the upstream, midstream, downstream and oilfield services sectors are still struggling with low commodity prices and challenging market conditions, according to Deloitte’s ‘2020 Oil and Gas M&A Outlook’
Industry
PDO to boost Omani engineering with OmEPC US$25mn contract
Petroleum Development Oman (PDO) has signed a new contract with the Oman Engineering Procurement & Construction (OmEPC), a joint partnership between four Omani SMEs; Value Engineering Centre (VEC), Hamad Engineering Services (HES), Precision Engineering Consultancy (PEC) and Rock International
‘OPEC cuts are not enough to balance the market following coronavirus outbreak’
The production cuts of 600,000 bpd proposed by an OPEC+ committee are far from enough to balance the market following the coronavirus outbreak in China, a Rystad Energy analysis shows
Xergy Group’s cloud-based Proteus to transform oil and gas ERP market
Xergy Group has launched a cloud-based work management system Proteus, to allow companies to find the right people for projects when needed
GlobalData: Upstream sector led oil and gas M&A deals in 2019
The upstream sector accounted for the major mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating some high-value deals, according to GlobalData’s ‘M&A in Oil and Gas – 2020’
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