Oil and Gas Industry Quarterly Update: October-December 2022

Executive Snapshot

• Figure: Executive Snapshot: Oil and Gas Industry Quarterly Update, October-December 2022

New Market Developments and Dynamics

• Industry Overview

• Oil Geopolitics

• Russian Oil Trade-Off

• OPEC Oil Output Drops in 4Q22

• GDP Trends

• Figure: Worldwide Real GDP Growth by Region, 2022

• E&P Activity

• Rig Count

• Figure: Worldwide Oil Rig Count, January–December 2022

• Liquid Fuel Production and Consumption

• Figure: World Liquid Fuels Production and Consumption Balance, January–December 2022

• Oil Prices

• Figure: Brent and WTI Crude Oil Price Trends, January–December 2022

• Natural Gas Prices

• Figure: Natural Gas Prices, January–December 2022

• Listed Oil and Gas Companies' Performance

• S&P Global Oil Index

• Figure: S&P Global Oil Index, January–December 2022

• S&P GSCI Natural Gas Index

• Figure: S&P GSCI Natural Gas Index, January–December 2022

• Downstream: Refinery Operations

• Upstream Licenses Round and E&P Agreements, 22Q4

• Israel Signs Initial Agreement with TotalEnergies, Eni for Gas Exploration

• M&As, Agreements, Reorganizations, and Major Business Developments, 22Q4

• ADNOC to Buy 24.9% Stake in Austria's OMV

• Aker BP, Tietoevry Announce New Long-Term Partnership

• Stonepeak to Acquire Pembina's Stake in Canadian Gas Pipeline System

• Qatar Petroleum to Acquire TotalEnergies' Stakes in South African Blocks

• Upstream, 22Q4

• Exxon Mobil, Partners Make New Hydrocarbon Discovery in Angola

• LUKOIL to Acquire Stake Worth $435M in Area 4 Project Offshore Mexico

• TotalEnergies, Eni Make Gas Discovery in Block 6 Offshore Cyprus

• Turkish Petroleum Discovers Oil Worth $12B in Mount Gabar

• Savannah to Acquire Petronas' South Sudan Oil And Gas Assets

• Qatarenergy, Totalenergies, and Petronas Win Offshore Exploration Block in Brazil

• Midstream, 22Q4

• ADNOC, India's GAIL Agree To Explore LNG Supply and Decarbonization Opportunities

• Argentina Gets $689M from Brazil Development Bank for Vaca Muerta Pipeline

• bp Begins Shipping LNG from Mozambique's First LNG Project

• Equinor Plans $1.3B Investment to Upgrade Norwegian LNG Plant

• Gascade Builds LNG Pipeline to Strengthen German Gas Network

• Japan's INPEX Signs 20-Year LNG Deal With Venture Global Inpex Corp

• Mexico Unveils Plans to Build LNG Export Hub at Coatzacoalcos Port

• Downstream, 22Q4

• Aramco, Sinopec, SABIC to Join Forces for Refining Projects

• Aramco, TotalEnergies Make FID To Build $11B Petrochemical Complex

• OOMCO Expands Operations in Saudi Arabia, Tanzania

• MOL Acquires over 410 LOTOS Stations in Poland

• Namcor Expands Retail Network to 13 Locations in Namibia

• Repsol, EIB Sign €120M Loan Agreement to Finance the First Advanced Biofuels Plant in Spain

• Engineering, Procurement, and Construction/Installation/Commissioning Contracts (EPC/EPCI/EPCC), 22Q4

• Aker Secures Subsea Contract for Wintershall Dea's Norwegian Project

• Maire Tecnimont Wins €80M EPCM Contract in Greece

• Petronas Awards EPCC Contracts to JGC and Samsung Heavy Industries

• Saipem Secures Offshore Contracts Worth $1.2B in Guyana and Egypt

• Subsea 7 Confirms Three Contracts for Field Development Projects in Norway

• New Energy Business Investments, Contracts, and Major Business Developments, 22Q4

• Chevron Invests in Carbon Capture and Removal Technology Company, Svante

• Eni, SONATRACH Inaugurate Solar Lab, Lay First Stone of PV Facility in BRN, Algeria

• Eni Rolls Out Initiatives to Create an Innovative Hub for Energy Transition in Rwanda

• Eni to Form JV with Snam to Develop CCS Project in Italy

• Equinor Seals Deal to Join Australian Pioneer Oceanex for Gigascale Floating Wind

• Hertz, bp Collaborate to Accelerate EV Charging in North America

• Saudi Arabia Plans Largest Renewable Energy Plant

• Shell Catalysts & Technologies Enters Agreement with Technology Centre Mongstad

• Plenitude Acquires 81MW Photovoltaic Plant in Texas

• ICT Ecosystem Major Acquisitions and Agreements and ICT Contract Wins,, 22Q4

• Aramco Partners with U.S. Software Company for Carbon Capture Tech

• Emerson to Help Enable Carbon-Efficient Production from Equinor's Martin Linge North Sea Development

• Cognizant Acquires Utegration LLC

• SLB to Acquire Wellbore Positioning and Survey Technology Company Gyrodata Incorporated

• Eni, PASQAL to develop Quantum Solutions for the Energy Sector

• Coolbrook, ABB Partner with Investment to Accelerate Decarbonization of Heavy Industries

• ExxonMobil, Mitsubishi Heavy Industries Form Carbon Capture Technology Alliance

• GE Digital Partners with TrendMiner to Empower Energy and Resources Industries with Advanced Process Analytics

• Wintershall Dea Uses AGR Software to Track Offshore Drilling Cost and Time

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• Synopsis