target audience: TECH SUPPLIER Publication date: Aug 2024 - Document type: Market Perspective - Doc Document number: # US51560224
Worldwide O&G Industry Quarterly Update: April-June 2024
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Abstract
This IDC Market Perspective provides an overview of the O&G industry in 2Q24. It covers M&As, agreements, reorganizations, and major business developments; upstream, midstream, and downstream deals; global LNG contracts; EPC deals; major ICT ecosystem acquisitions and agreements; and ICT contract wins.
"Amid shifting market dynamics and energy transitions, global oil and gas companies are prioritizing the optimization of existing processes and investing in efficient technologies over traditionally aggressive expansion and resource expenditure," said Gaurav Verma, research director, IDC Energy Insights.