The UK will lead the way on the number of major subsea projects coming globally over the next five years, according to new analysis.
Petrofac has been cut off from three of its “largest and most promising” oil markets globally after being suspended from Adnoc tenders, according to new analysis.
A number of Orsted's major wind developments in the US could be delayed due to the coronavirus pandemic, according to analysts.
A total of 11 projects, with a future reserves value of more than £3.8billion, are expected to be sanctioned in the UK North Sea this year, according to Global Data.
Upstream oil and gas deal activity in June saw a $4.3billion decrease in comparison with the previous month. Research and consulting firm GlobalData said work, including capital markets and mergers and acqusitions, totalled $19.3billion from 125 transactions in June, while in May the total was $23.6billion across 119 deals. Analysts said Europe, the Middle East and Africa led the global acquisitions market in terms of value last month with a 39% regional share totalling $4billion.