O&G

New Report Shows US Oil and Gas Leaders Making Diversified Investments Amid Record Profits

Retrieved on: 
Tuesday, January 17, 2023
Tax, Pressure, McRorie, Annual report, United States Environmental Protection Agency, O&G, Carbon, Methane, Inflation, ESG, Research, IRA, Traction, Investment, Renewable energy, Natural gas, Bank, Fossil fuel

American oil and gas companies slashed debts, expanded domestic energy production and made large investments in low-carbon technologies in 2022.

Key Points: 
  • American oil and gas companies slashed debts, expanded domestic energy production and made large investments in low-carbon technologies in 2022.
  • DENVER, Jan. 17, 2023 /PRNewswire/ -- According to a new report from national law firm Lathrop GPM, oil and gas (O&G) decision makers are responding to skyrocketing short-term energy demand, the shift to long-term sustainability and a potential economic downturn by making ambitious, diversified investments.
  • The annual report, "Oil & Gas Market Update," includes an analysis of 2022's key events and provides insight into industry expectations for the year ahead.
  • "On the heels of soaring profits, O&G leaders are feeling confident about 2023, especially as they consider their long-term strategies," added McRorie.

Global Geothermal Market Growth Opportunities Report 2022: Total Installed Capacity will See a Total Investments of $11.3 Billion, Rising from $358 million in 2022 to $1.83 billion in 2030 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, January 11, 2023
Alternative Energy, Energy, Other Energy, Heat, Soil, Plant, O&G, Renewable energy

The total installed capacity globally is estimated to increase from 15.9 GW in 2022 to 21.3 GW in 2030 at a CAGR of 3.71%.

Key Points: 
  • The total installed capacity globally is estimated to increase from 15.9 GW in 2022 to 21.3 GW in 2030 at a CAGR of 3.71%.
  • This increase will see a total investment of $11.3 billion, rising from $358 million in 2022 to $1.83 billion in 2030.
  • Exploiting the earth's energy to produce power and heat (geothermal) is not new.
  • Utilizing the heat produced by geothermal in district heating or for own use in oil & gas operations helps decarbonization.

Bintai Kinden Expands Further into O&G

Retrieved on: 
Tuesday, January 3, 2023
Petro, Partnership, O&G, PFF, Growth, Bursa, Marketing, Hydraulic machinery, Petronas

Executive Director of Bintai Kinden, En.

Key Points: 
  • Executive Director of Bintai Kinden, En.
  • PFF is a supplier of pipes, flanges, fittings, valves and other O&G-related equipment.
  • Azri Azerai, Executive Director of Bintai Kinden said, "The latest award of subcontracts to BESB is part of the partnerships and tie-ups we are pursuing to grow our O&G-related business.
  • This includes seeking opportunities and partnerships with companies that share the same vision as Bintai Kinden, in Southeast Asia.

Oil & Gas Innovation Tracker 2022: Dynamic Companies Driving Innovation to Meet Decarbonization and Net Zero Goals through Electrification - ResearchAndMarkets.com

Retrieved on: 
Tuesday, December 20, 2022
Oil, Gas, Energy, Carbon, Growth, O&G, Petroleum, Renewable energy, Upstream

The "Oil & Gas Innovation Tracker - Upstream Electrification" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Oil & Gas Innovation Tracker - Upstream Electrification" report has been added to ResearchAndMarkets.com's offering.
  • As decarbonization strategies gather pace across industries, the electrification of processes in the oil and gas (O&G) industry is emerging as a pillar of growth opportunity and innovation.
  • The analyst has identified a complex and dynamic value chain and set of process steps where opportunities await.
  • Yet these restraints are changing as decarbonization goals become more urgent and a period of growth for electrification looms.

Propel Global to Acquire 51% Stake in O&G Engineering Firm for RM7.82 Million

Retrieved on: 
Thursday, December 8, 2022
PAT, Acquisition, Heat, Sale, Engineering, Maintenance, FYE, O&G, EPCC, Plant, BHD, PGB, Bursa, HVAC, BWE, Ventilation

(BWE) for RM7.82 million.

Key Points: 
  • (BWE) for RM7.82 million.
  • Propel Global is acquiring the 51% stake from Azizi, who is selling his entire equity interest, and Siew Lee, who is selling 5.2% of his holdings.
  • BWE reported revenue of RM18.6 million and PAT of RM178,000 for FYE2019; RM19.0 million revenue and RM395,000 PAT for FYE2020 and; RM38.5 million revenue and RM2.3 million PAT for FYE2021.
  • The Group will also be able to tap into BWE's existing customer base for cross-marketing opportunities and additional revenue stream."

Growth Opportunities for the Electrification of Oil & Gas Operations, 2022 Research Study - Analysis by Renewable Energy (Wind and Solar) Technology and Platform (Onshore and Offshore) - ResearchAndMarkets.com

Retrieved on: 
Friday, December 9, 2022
Oil, Gas, Energy, Hydrogen, O&G, Climate change, Wind, Carbon, Growth, Renewable energy, Rail transport

The "Growth Opportunities for the Electrification of Oil & Gas Operations" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Growth Opportunities for the Electrification of Oil & Gas Operations" report has been added to ResearchAndMarkets.com's offering.
  • This study explores electrification in the transition to decarbonization of upstream O&G operations.
  • It examines the key enablers of electrification and opportunities segmented by renewable energy (wind and solar) technology and platform (onshore and offshore) type.
  • But these restraints are changing as decarbonization goals become more urgent and a period of growth for electrification looms.

Global Electrification of Oil & Gas Operations Market Analysis Report 2022: Growth Opportunities in Floating Solar Energy, Power Conversion Technologies, and Subsea Electrification

Retrieved on: 
Wednesday, December 14, 2022
Hydrogen, O&G, Climate change, Wind, Carbon, Growth, Renewable energy, Rail transport

DUBLIN, Dec. 14, 2022 /PRNewswire/ -- The "Growth Opportunities for the Electrification of Oil & Gas Operations" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Dec. 14, 2022 /PRNewswire/ -- The "Growth Opportunities for the Electrification of Oil & Gas Operations" report has been added to ResearchAndMarkets.com's offering.
  • This study explores electrification in the transition to decarbonization of upstream O&G operations.
  • It examines the key enablers of electrification and opportunities segmented by renewable energy (wind and solar) technology and platform (onshore and offshore) type.
  • But these restraints are changing as decarbonization goals become more urgent and a period of growth for electrification looms.

Global Belt and Chain Drives Markets Report 2022-2026: Innovations in Product Offerings to Improve Market Position & Growth Opportunity 3: Infrastructure Growth in Emerging Economies

Retrieved on: 
Monday, November 28, 2022
Element, Food, Rubber industry in Malaysia, Printing, O&G, Plastic, Paper, Agriculture, Water, Mining, F&B, Recycling

DUBLIN, Nov. 28, 2022 /PRNewswire/ -- The "Global Belt and Chain Drives Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Nov. 28, 2022 /PRNewswire/ -- The "Global Belt and Chain Drives Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
  • This research service analyzes the global belt and chain drives market, and it focuses on how end users across verticals are changing their tactics to adapt to the present market conditions.
  • The study assesses the influence of industry trends and drivers and restraints on growth prospects over the next 5 years (2022-2026).
  • The study emphasizes various digital solutions that can be implemented to drive market revenue because the belt and chain drives market is mature.

Bintai Kinden Revenue Increased 136% in 2Q FY2023

Retrieved on: 
Thursday, November 24, 2022
COVID-19, M&E, Growth, Bursa, BHD, Partnership, O&G, JMI, PBT, Pharmaceutical industry

Executive Director of Bintai Kinden, Azri Azerai

Key Points: 
  • Executive Director of Bintai Kinden, Azri Azerai
    For the quarter under review, the Company's profit before tax (PBT) recorded a decline to RM193,000 compared with RM244,000 in 2Q FY2022 mainly due to higher cost.
  • Gross profit margin for 2Q FY2023 stood at 15.35% compared with 43.06% in 2Q FY2022 after taking into account contribution by variation order of completed projects of the M&E business.
  • Bintai Kinden registered a 142.94% rise in revenue of RM71.44 million for the six months ended 30 September 2022 (1H FY2023) compared with RM29.41 million in the corresponding period of the previous financial year.
  • PBT for 1H FY2023 declined to RM1.16 million compared with RM1.50 million reported in 1H FY2022.

Global Belt and Chain Drives Markets Report 2022-2026 with Sustainability Analysis - ResearchAndMarkets.com

Retrieved on: 
Tuesday, November 22, 2022
Machine Tools, Metalworking & Metallurgy, Engineering, Automotive Manufacturing, Manufacturing, Machinery, Steel, Food, Agriculture, Paper, O&G, F&B, Element, Rubber industry in Malaysia, Printing, Mining, Water, Plastic, Recycling

The "Global Belt and Chain Drives Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Belt and Chain Drives Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
  • This research service analyzes the global belt and chain drives market, and it focuses on how end users across verticals are changing their tactics to adapt to the present market conditions.
  • The study assesses the influence of industry trends and drivers and restraints on growth prospects over the next 5 years (2022-2026).
  • The study emphasizes various digital solutions that can be implemented to drive market revenue because the belt and chain drives market is mature.