target audience: TECH SUPPLIER Publication date: Nov 2024 - Document type: Market Perspective - Doc Document number: # US51560724
Worldwide O&G Industry Quarterly Update: July–September 2024
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Abstract
This IDC Market Perspective provides an overview of the oil and gas industry in 3Q24. It covers M&As, agreements, reorganizations, and major business developments; upstream, midstream, and downstream deals; global LNG contracts; EPC deals; major ICT ecosystem acquisitions and agreements; and ICT contract wins.
"Meaningful steps are being taken in the oil and gas sector's digital transformation journey as companies increasingly leverage AI and begin to explore the potential of GenAI. These efforts aim to enhance operational efficiency, advance sustainability goals, and lay the groundwork for more resilient infrastructure in the future," said Gaurav Verma, research manager, IDC Energy Insights.