The oil market, being notably volatile, constantly introduces dynamic investment opportunities. The rise of renewables and the push for sustainability are influencing the investment environment. There is a geographically distributed diversification of investment sources with Asian markets increasingly shaping the investment landscape. Technological advancements are leading to recovery in oil...
Discover more insightsThe oil market, persisting as one of the world's leading energy sources, is driven by international economic trends, advancements in the renewable energy sector, geopolitical circumstances, and evolutions in technology. The manifestation of these forces is a market space marked by volatility that underpinned by supply-demand balances. Key market drivers...
Discover more insightsIn a volatile global economy, Yemen's oil and gas industries are directly affected by changing market conditions. Economic indicators predict that global oil demand will remain steady going forward, which bodes well for the sector. However, the threat of supply disruptions due to geopolitical concerns and the ongoing shift towards...
Discover more insightsOver the past decade, the oil and gas sector has witnessed a surge in mergers and acquisitions. This trend has been largely driven by several complex dynamics, including the quest for scale and efficiency in an era of energy transition and the necessity to diversify and consolidate portfolios faced with...
Discover more insightsAs global energy demands shift, oil and gas supporting activities face an unprecedented era of transformation. Majors within the industry are undergoing strategic adaptations to deal with the challenges presented by concerns over climate change, advancing technologies, and increasing societal expectations for cleaner energy. These changes necessitate new paradigms, particularly...
Discover more insightsFinal Investment Decisions (FIDs) represent a critical milestone in the oil and gas sector. Engendered from rigorous operational, financial and risk assessment, they determine whether a proposed project proceeds or gets shelved. Essentially, FIDs embody the go/no-go point, following this, significant capital expenditure commences to bring the project into production.
Discover more insightsArtificial Intelligence (AI) is increasingly becoming a game-changer in several industries, with the oil and gas sector being one of the notable examples. Its applications in this market segment are vast - from predictive maintenance through machine learning algorithms, increased efficiency in exploration through data analysis, to safety enhancements via...
Discover more insightsOver time, innovative technological solutions have significantly transformed the energy sector, particularly within oilfield communications. Enhanced Digital Oilfield (EDO) technologies stood out, employing digital platforms to optimize oilfield operations, translating into increased efficiency and reduced downtime. Advances in fiber-optic, satellite and microwave communication systems are prominent examples. These technologies support...
Discover more insightsOilfield Integrity Management (OIM) encompasses strategies and methods to maintain and ensure the durability and efficiency of oil extraction and processing facilities. The need for OIM has increasingly drawn industry attention, driven by concerns about environmental risks, operational efficiency and regulatory compliance. Market data demonstrates a thriving demand, pushed by...
Discover more insightsThe industry dynamics of managing oil spill incidents has seen considerable change. The paradigm shift towards technology and skilful application of resources for a swift, efficient resolution of oil spills stands out as a noticeable trend. Evolutions in technology, such as the use of drones and advanced surveillance systems for...
Discover more insightsThe oil industry comprises of a vast array of product types. The crude oil, when extracted, undergoes processing in refineries to yield multiple derivatives. Fuel oil, used in heating and transportation, is a major segment of the market. Other product types include lubricating oils, waxes, asphalt and petroleum coke, among...
Discover more insightsIncreasing utilization of digital technologies within the oil and gas industry are core catalysts fuelling the need for, and growth of, the data management market. Of particular note, emerging technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) are driving significant increases in data generation and collection. As...
Discover more insightsThe dominant trend within the edible oils sector is the shift towards healthier options. This is being driven by increasingly informed consumers and regulatory changes that incorporate greater health and nutritional considerations. As a result, oils with better nutritional profiles, such as olive and rapeseed oil, are experiencing sustained growth....
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