Month: March 2019

When Will the Oil Service Market Match 2014 Highs?

When will the global oilfield service sector return to previous highs?

When Will the Oil Service Market Match 2014 Highs? The global oil service market will not return to previous highs until 2025. That’s according to energy research and business intelligence company Rystad Energy, which forecasts that global service market revenues will match the $920 billion mark seen in 2014 in around six years’ time. Rystad Energy predicts global service market revenues to keep rising from 2026 to 2030, which is the end of its projection period. These revenues are expected to hit

Source: When Will the Oil Service Market Match 2014 Highs?  | Rigzone

 

Murphy’s Malaysia sale to PTTEP, SE Asia’s biggest oil & gas deal in five years, Woodmac says

U.S. oil company Murphy Oil’s $2.1 billion sale of Malaysian business to Thai PTTEP announced on Thursday is the biggest oil and gas deal in South East Asia in five years, in what is expected to become a big year for mergers and acquisition in the region.

Source: Murphy’s Malaysia sale to PTTEP, SE Asia’s biggest oil & gas deal in five years, Woodmac says

Murphy’s Malaysia sale to PTTEP, SE Asia’s biggest oil & gas deal in five years, Woodmac says

U.S. oil company Murphy Oil’s $2.1 billion sale of Malaysian business to Thai PTTEP announced on Thursday is the biggest oil and gas deal in South East Asia in five years, in what is expected to become a big year for mergers and acquisition in the region.

Source: Murphy’s Malaysia sale to PTTEP, SE Asia’s biggest oil & gas deal in five years, Woodmac says