Oil and Gas Market Digital Twins Expected to Hit USD 2.81 Billion
Digital Twins in the Oil and Gas Market to Reach USD 2.81 Billion Digital Twins in the Oil and Gas Market Global Digital Twins in the Oil and Gas Market reached US$ 1.2 billion in 2024 and are expected to reach US$ 2.81 billion by 2032, growing with a CAGR of 11.20% during the forecast […]
Oil & Gas Electrification Market Expected to Reach USD 5 Billion
Oil & Gas Electrification Market Projected to Surge to USD 5 Oil & Gas Electrification Market The global oil & gas electrification market is set for remarkable expansion, with an estimated value of USD 2.1 billion in 2025 and a projected surge to USD 5.0 billion by 2035. This growth trajectory reflects a compound annual […]
Oil & Gas Pipeline Market Expected to Reach $68.77 Billion
Oil & Gas Pipeline Market Size Estimated to Generate $68.77 Oil & Gas Pipeline Market Report Description – QYResearch latest report ‘Oil & Gas Pipeline Market 2025 Report’ provides a comprehensive analysis of the industry with market insights will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense […]
Revised Petroleum Resource and Rent Tax Expected to Generate $4 Billion Less Than Initially Projected
Reworked Petroleum Resource and Rent Tax raising $4 billion less than first thought The tax on oil and gas profits is expected to raise $4 billion less than the government forecasted when it first announced a rework of the tax in 2023. Last year Treasurer Jim Chalmers amended the Petroleum Resource Rent Tax, which applies […]
Federal Oil and Natural Gas Leasing Revenue Reaches Nearly $8.5 Billion in 2023
Federal Oil & Natural Gas Leasing Revenue Tops Nearly $8.5 Billion in 2023 Revenues from oil and natural gas leases on onshore federal lands totaled $8.497 billion in 2023, according to a new Congressional Research Service (CRS) report. In fact, oil and natural gas leasing represents a whopping 93 percent of the total federal revenue […]
Industrial Valves in the Oil and Gas Market Set to Expand by USD 2.56 Billion from 2025 to 2029, Fueled by Demand for Efficient Solutions and AI Innovations Transforming the Landscape
Industrial Valves in Oil and Gas Market to Grow by USD 2.56 Billion From 2025 to 2029, Driven by Demand for Efficient Valves, with AI Redefining Market Landscape NEW YORK, Feb. 13, 2025 /PRNewswire/ — Report with market evolution powered by AI – The industrial valves in oil and gas market and it is set […]
Equinor Announces $5 Billion Share Buyback and Cuts Renewables Investment Amid Rising Oil and Gas Production – Equinor (NYSE: EQNR)
Equinor Unveils $5 Billion Buyback, Trims Renewables Spending As Oil & Gas Output Rises – Equinor (NYSE:EQNR) Equinor ASA EQNR shares are trading lower after the company reported fourth-quarter FY24 results. Revenue and other income fell 5% year-over-year (Y/Y) to $27.654 billion and adjusted revenue declined 7% Y/Y to $26.418 billion. The consensus estimate stood at $25.973 billion. Total […]
Exclusive: BP Set to Invest Up to $25 Billion in Kirkuk’s Oil and Gas Sector in Iraq
Exclusive-BP poised to invest up to $25 billion in Iraq’s Kirkuk oil and gas By Aref Mohammed and Ahmed Rasheed BAGHDAD (Reuters) – Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas fields, a senior Iraqi oil official told Reuters, […]
U.S. Upstream Oil and Gas: Dealmaking Reaches $105 Billion in 2024 – Insights and Data
U.S. Upstream Oil and Gas: Dealmaking Hits $105 Billion in 2024 – News and Statistics Jan 29, 2025 The U.S. upstream oil and gas sector witnessed remarkable dealmaking activities amounting to $105 billion in 2024, ranking as the third highest annual total recorded. According to a report by consultancy Enverus, the industry’s momentum decelerated in […]
AI and ML in the Oil and Gas Market Projected to Exceed $4.9 Billion by 2034, According to Global Market Insights Inc.
AI & ML in Oil & Gas Market to cross $4.9 Bn by 2034, Says Global Market Insights Inc. Global Market Insights Inc. Major AI & ML in oil & gas market participants include ABB, Baker Hughes, C3.ai, Halliburton, IBM, Intel, Palantir, Schlumberger, Siemens Energy, Yokogawa Electric. Selbyville, Delaware, Jan. 28, 2025 (GLOBE NEWSWIRE) — […]