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Global oil and gas contracts value surges in Q2 2024
Global oil and gas contract activity received a boost from Petrobras' key upstream contracts in the second quarter of 2024.
Oil and gas contracts market declines in Q1 2024
The oil and gas market saw a decline in Q1 2024, with contract values dropping 37% to $31.4 billion.
Digital twin use, acceptance growing in oil and gas industry
A GlobalData report indicates digital twins are being used more often by oil and gas companies to improve operations and efficiency.
Oil and gas industry exhibits resilience despite volume drop
The oil and gas industry saw a significant decline of 22% in disclosed contract volume from 7,550 contracts in 2022 to 5,915 in 2023.
Oil and gas industry shows resilience amid late 2023 decline
Oil and gas industry shows resilience amid 16% QoQ decline in overall contract volume during Q4 2023 according to a GlobalData report.
Oil and gas industry overall contract value drops by more than 25%
Oil and gas contract value dropped by more than 25% in the third quarter of 2023 according to a GlobalData report.
Oil and gas industry contract value increases
Oil and gas industry overall contract value up by 60% during Q2 2023 according to a GlobalData report on the industry.
Low-carbon hydrogen critical for net-zero transition
Oil companies are looking for avenues to move towards operations with net-zero emissions and low-carbon hydrogen plays a critical role.
North America driving global small-scale LNG liquefaction capacity
North America is expected to witness the highest small-scale LNG liquefaction capacity additions globally from 2023 to 2027.
Autonomous mobile robots’ role growing in industrial operations
Autonomous mobile robots (AMRs) are increasingly finding applications in the mobile robotics ecosystem as automation becomes the new normal.