JP Morgan has emerged as the top financial adviser for mergers and acquisitions (M&A) by both value and volume in the oil and gas sector for H1 2021, having advised on 18 deals worth US$66.7bn, according to GlobalData, a leading data and analytics company
Industry
Growth of light product demand to stall in future: McKinsey report
Demand for light product (gasoline, diesel/gasoil, jet/kero, including biofuels) is expected to level by the mid-2020s, suggests a research report released by McKinsey & Company
AVEVA wins 2021 Microsoft Energy Partner of the Year award
AVEVA, a specialist in industrial software driving digital transformation and sustainability, has won the 2021 Microsoft Energy Partner of the Year Award and was also named the finalist of 2021 Microsoft Sustainability Changemaker Partner of the Year Award
Axora announces finalists of global cost-saving technology challenge
Axora, the digital solutions marketplace for industrial innovators, has announced the seven finalists in its global Cost-Saving Technology Challenge that aims to help firms impacted by recent budget cuts due to a variety of factors including the global pandemic, slump in demand and price wars
McKinsey urges oil and gas refiners to take action
McKinsey & Company has predicted that demand for light product including gasoline, diesel/gasoil, jet/kero etc, which largely drives refining utilisation, will plateau by the mid-2020s – even in the case of a delayed energy transition