October 8, 2018 – Oil & Gas 360

Government Officials, Power Industry Majors to Attend 5th Myanmar Power Summit

October 8, 2018

Government Officials, Power Industry Majors to Attend 5th Myanmar Power Summit

QGOG Constellation Announces Update on Restructuring Settlement Negotiations

October 8, 2018

QGOG Constellation Announces Update on Restructuring Settlement Negotiations

Offshore Drillers Ensco, Rowan to Combine into New $12-Billion Company

October 8, 2018

Ensco plc (ticker: ESV) and Rowan Companies plc (ticker: RDC) have entered into a definitive transaction agreement under which Rowan will combine with Ensco in an all-stock transaction resulting in a new company with an enterprise value of $12 billion. The companies anticipate that the transaction will close during the first half of 2019, they said in a press release.

Petrochemicals Will Drive World’s Oil Demand: IEA

October 8, 2018

Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding nearly 7 million barrels of oil a day by then. They are also poised to consume an additional 56 billion cubic metres (bcm) of natural gas by 2030, and 83 bcm by 2050.