Evaluate Energy’s recent M&A report analyzing global upstream activity shows that just $9.8 billion of new oil and gas M&A deals were agreed during the first quarter of 2019.
This represents a 61% drop on spending in Q4 2018 and a 75% drop compared with Q1 2018.
Low oil prices and changing spending priorities were the two main causes. The full report is available now at this link.
A special editorial series features monthly articles on Canadian natural gas development and LNG projects and is published by the Daily Oil Bulletin based in Calgary.
For further details and to read the articles:
https://www.dailyoilbulletin.com/series/canada-lng-and-the-natural-gas-economy/
A new special report by the International Energy Agency (IEA) on natural gas is poking a hole in the argument that natural gas and LNG is just as bad, or even worse than coal, in terms of its global warming potential.
Full story:
https://www.jwnenergy.com/article/2019/7/no-natural-gas-not-bad-coal-iea/
Evaluate Energy’s latest M&A review shows that there were $91 billion in new deals agreed in the second quarter, which makes it the second largest quarter for upstream spending since 2013.
https://www.jwnenergy.com/article/2019/7/top-10-upstream-deals-q2-2019/
The U.S. Energy Information Administration (EIA) has used Evaluate Energy data to show that the finding costs for 116 global exploration and production companies hit a 10-year low in 2018, while finding and lifting costs combined were similar to costs recorded in 2017.
http://blog.evaluateenergy.com/eia-oil-company-finding-costs-reached-a-10-year-low-in-2018
The Carbon Capture & Storage Association has launched a study suggesting for every pound spent on CCS the economy could see £5 of benefit.
For details please visit: http://bit.ly/2fW2em1
Twitter: @The_CCSA
The latest report from our sister company, JWN, summarises the latest deals within the Canadian oil and gas sector. It is available free via download at: http://www2.jwnenergy.com/canada-ma-deals-report-june-2017
Fragile oil prices and shifts in global energy demand have prompted dramatic changes in the way US companies review cash flow, spending and market risk.
