oilfield services reported its best performance for the 2023 to 2024 period in the past 34 years.4Additionally, some companies are engaging in increased investments in low-carbon technology projects to help balance the risks associated with the traditional oil and gas market. These investments will ...
Global oil and gas (O&G) sector performance in 2024 will remain broadly in line with that in 2023 and stronger than mid-cycle levels. Oil prices should remain
movement between US$74 and US$90 per barrel in 2024, making 2024 one of the most stable years in the past 25 years.1Globally, the oil and gas industry distributed nearly US$213 billion in dividends and US$136 billion in buybacks between January 2024 and mid-November 2024 (figure 1)....
Hence, given the wide range of demand scenarios and price outlooks, oil and gas companies may have to carefully manage decline in demand to avoid the risk of stranded assets, while at the same time ensuring that they are future-proofed with investments in energy transition opportunities, as ma...
ExxonMobil is the largest United States-based oil and gas producing company. As of December 2024, ExxonMobil's revenues amounted to 339.88 billion U.S. dollars. ExxonMobil’s revenue was significantly higher than its competitors, earning nearly 150 billion U.S. dollars more than Chevron, which...
Oil Market Prospects for 2025 and Beyond 🛢️ Petroleum Pulse: Inside the Global Oil & Gas Revolution 2024. Dive deep into the transformative forces reshaping the energy sector! From... 00 Exploring the Latest Trends and Transformations in Oil and Gas ...
and deep sea areas,conventional and unconventional oil and gas,and onshore and offshore exploration",withonshore deep areas,deep sea areas,and unconventional oil and gas as important exploration priorities.Oil and gas engineering science and technology in China has seen 14 breakthroughs made in key...
Arabian Drilling said the five-year deal is expected to contribute to the company’s revenue from the second quarter of 2024. Abraj Energy Services Abraj Energy Services (Abraj) is the oil and gas drilling business of Oman’s state-owned energy company and has grown exponentially to become the...
The Oil and Gas CAPEX Outlook is growing at a CAGR of 4.27% over the next 5 years. Exxon Mobil Corporation, BP PLC, Chevron Corporation, Shell Plc and TotalEnergies SE are the major companies operating in this market.
Energy, utilities and resources sectors create a bright spot for M&A activity in 2024 as energy transition continues to attract investor interest. Discover more Insights 15 results January 28, 2025 Global M&A trends in energy, utilities and resources: 2025 outlook ...