In the run-up to the OPEC meeting in Vienna on 30 November, speculation is rife as to whether agreement will be reached on the implementation of the production cut agreed in Algiers in September, with most analysts expecting some form of cut to be confirmed
Restrata, a global leader in consultancy and training services, has partnered with logistics provider Agility to offer specialised training for oil and gas sector employees at the Rumaila Energy Park (REP) in southern Iraq
The next global energy transition is already under way, posing risks for some of the world’s largest energy companies, according to a recent study
Douglas Westwood look at the merger and acquisition activity cycles in the oil and gas industry, specifically analysing the latest GE and Baker Hughes acquisition
As per their article, which can be found here, Douglas Westwood have shown that there have been a number of trends that occur in the oil and gas sector, particularly at times of fiscal difficulty.
However, General Electric and Baker Hughes merger has instead shown a different tact in trying to fight against the low oil price and the tightening of investors belts.
What GE and Baker Hughes propose to do as a result of the merger is create what is known as a fullstream offering. This is the encompassing of the entire lifecycle from exploration to power generation via downstream.
Douglas Westwood suggest that GE may be onto a winning diversification opportunity, as operators are struggling with increased production cost. This is because of the standardisation across the fullstream that a company of that size would bring. Similar could be said of the Technip merger with FMC and Schlumbergers acquisition of Cameron.
However, what is still an unknown quantity is what the market for fullstream opportunities currently are. However, with the investment in the oil and gas sectors not set to rise much above 70 per cent of the 2014 investment level in the next five years, it may be crucial for producers to remain competitive and profitable in an ever challenging market.
The full DW Monday November 11 2016 can be found here.
The first Global Ministerial Dialogue session at ADIPEC featured ministers from the UAE, Bahrain and Oman discussing the future of hydrocarbons in the region, the growth of renewables and the role of OPEC
