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Pryat Matharu

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  • Author: Pryat Matharu

European majors have stronger LNG growth potential than US peers, says GlobalData

European majors are anticipated to undergo stronger LNG capacity growth to 2025 than their US peers, particularly across three key regions: Former Soviet Union, North America and Africa, says GlobalData, a leading data and analytics company Competition to capture future growth in the LNG market has recently been exacerbated by Qatar Petroleum’s final investment decision (FID) on its Ras Laffan North Field Expansion. Joseph Wisdom, Oil & Gas analyst at […]
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Azerbaijan’s construction industry to rebound in 2021 with 9.1% growth, says GlobalData

The dual shock of the COVID-19 outbreak and the collapse in oil prices has exacerbated the weakness in Azerbaijan’s construction industry, with output estimated to have shrunk by 15.2% in real terms in 2020 – down from annual declines of 6.1% in 2019 and 8.8% in 2018. However, owing to lower base and driven by investments in overall infrastructure to rebuild the recently liberated regions, the industry is expected to recover in 2021 with an expected real growth rate of 9.1%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Construction in Azerbaijan – […]
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Bahrain’s construction industry to recover and grow by 2.1% in 2021, says GlobalData

Bahrain’s construction output contracted by an estimated 0.2% in real terms in 2020 as the industry faced disruptions due to the COVID-19 pandemic and movement restrictions to prevent its spread. Oil price drop further compounded this problem as Bahrain is highly dependent on oil revenue. However, driven by investments in infrastructure, oil and gas and in renewables, the industry is expected to recover in 2021 with an expected real growth rate of 2.1%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Construction in Bahrain – Key trends and opportunities to 2025’, reveals that the country’s construction industry is expected to grow at an average […]
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Global copper production to recover by 5.6% in 2021, after COVID-19 hit output in 2020, says GlobalData

After two consecutive years of flat growth, mainly due to lower ore grades and the production disruptions, the impact of COVID-19 on mining operations led to global copper production declining by 2.6% to 20.1Mt in 2020. Looking ahead, global copper production is expected to experience growth of 5.6% to 21.3kt in 2021, supported by mines returning to full production, as well as the ramp-up of new mines starting in 2021, according to GlobalData, a leading data and analytics company. Production is expected to reach 24.6Mt in 2024 – a CAGR of 5%. Chile, Peru, Australia, Indonesia, and the […]
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South Africa’s plans to reduce thermal power could result in major change in the country’s power mix in the future, says GlobalData

Thermal power comprised 92.4% of the total power capacity in South Africa in 2000. However, with a few plants decommissioned and capacities of other technologies increasing, the share of thermal power fell to around 80% by 2019. South Africa, having signed the Paris Agreement and with plans to reduce thermal power and increase renewable power in order to cut emissions, could result in a major change in the country’s power mix going forward, says GloblaData, a leading data and analytics company. Harshavardhan […]
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UK construction output growth accelerates in November 2020 despite new lockdown measures and Brexit difficulties, says GlobalData

Following the release of data from the Office for National Statistics (ONS) showing an acceleration in construction output growth in November; Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view on the outlook for the UK construction industry: “UK construction output continued its recovery in November, but GlobalData holds its estimate that output for the year, as a whole, will contract at its fastest ever rate of 15.1%. The output increase of 1.9% […]
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UK construction output growth will contract by 15.1%, despite recovery in October, says GlobalData

UK construction output continued its recovery in October, but GlobalData, a leading data and analytics company, holds its estimate that output for the year as a whole will contract at its fastest ever rate of 15.1%. Moustafa Ali, Economist at GlobalData, comments: “The output increase of 1% month on month in October was in line with GlobalData’s expectation of slower growth in the sector in Q4 2020, compared to the fast pace of recovery in the previous quarter. The renewed lockdown […]
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Global deal activity down by 13.7% in November 2020, finds GlobalData

A total of 5,443 deals were announced globally during November 2020, which is a decrease of 13.7% over 6,304 deals announced during the previous month, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Global deal activity has remained inconsistent due to volatile market conditions since the COVID-19 outbreak and this is the second consecutive month of decline in deal volume. The decline could […]
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COVID-19 causes commercial motor insurance cancellation but presents business opportunities for insurers, says GlobalData

Small and medium-sized enterprises (SMEs) in the UK have been cancelling insurance policies because of the COVID-19 pandemic, and the motor lines have been the worst affected, but this may provide opportunities in 2021, according to GlobalData, a leading data and analytics company. GlobalData’s 2020 UK SME Insurance Survey shows that out of the 20 products medium-sized businesses were asked about, the six most cancelled types of policy this […]
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Employers’ liability insurers losing customers due to COVID-19 should prepare for tough 2021, says GlobalData

The COVID-19 pandemic has caused a rise in cancellations and switching employers’ liability products and more disruption is set to occur in 2021 as economic impact hits, according to GlobalData, a leading data and analytics company. GlobalData’s 2020 UK SME Insurance Survey found that COVID-19 caused 14.8% of respondents to cancel their employers’ liability policies in 2020. Furthermore, 58.7% of those who switched employers’ liability provider in 2020 did so because of the pandemic; comprising 34.8% […]
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Oman’s construction sector will feel the brunt of harsh fiscal consolidation in the short term, says GlobalData

Oman’s construction industry is set to contract sharply in 2020, plummeting by 10.3%, according to GlobalData, a leading data and analytics company. The industry is struggling with the challenges presented by the COVID-19 outbreak, low oil prices and the impact of sovereign credit rating downgrades. Further compounding the downside risks to the outlook for the […]
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UK construction output will be down by 13.6% in 2020

Following the release of UK GDP figures for Q3 by the Office for National Statistics (ONS) showing a sharp quarter-on-quarter rise in UK construction output in Q3. Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view: “UK construction output is falling in line with GlobalData’s expectations, which will see a contraction of 13.6% in 2020. Following a […]
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Slaughter and May and Watson Farley & Williams were top M&A legal advisers by value and volume in power sector for Q1-Q3 2020, says GlobalData

Slaughter and May and Watson Farley & Williams were the top mergers and acquisitions (M&A) legal advisers in the power sector for Q1-Q3 2020 by value and volume, respectively. A total of 1,340 M&A deals were announced in power sector during the period, according to GlobalData, a leading data and analytics company. According to GlobalData’s M&A report, ‘Global and Power M&A Report Legal Adviser League Tables Q1-Q3 2020’, there was a 27.2% decrease over 1,340 deals that were announced during Q1–Q3 2019. Deal value also decreased by 19.5% from $188bn in Q1–Q3 2019 to $151bn in Q1–Q3 2020. In GlobalData’s ranking, Slaughter and May secured top position in terms of value by advising on four deals worth $9bn, which was the highest value among all advisers. Meanwhile, Watson Farley & Williams led in volume terms having advised […]
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Kuwait to lead the Middle Eastern refinery capacity growth by 2024

Supported by its Al-Zour project, Kuwait is expected to lead the refinery capacity growth in the Middle East by 2024, with the anticipated addition of 615 thousand barrels per day (mbd) contributing to around 31% of the region’s total growth. This is expected to be closely followed by Saudi Arabia, with contributions of 24%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Refining Industry Outlook in Middle East to 2024 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Refineries’, reveals that refining capacity in the Middle East is expected to increase by around […]
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South America’s offshore production to surpass North America’s by 2024, says GlobalData

Despite the effects of COVID-19 on global demand and supply, the outlook for South America’s offshore production is on track to surpass volumes coming from North America by 2024. While several projects in Brazil and Guyana have taken final investment decision (FID), and are less likely to be postponed or suspended, offshore US and Mexico tell a different story. Key projects in offshore US have already been delayed as a result of COVID-19 […]
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Spain construction output picks up in Q3 but is still weak, says GlobalData

Following the release of data from the Spanish National Statistics Institute (INE) showing a strong quarter-on-quarter rebound in construction output in Q3 2020. Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view: “GlobalData expects to downgrade its construction output growth forecast for Spain in 2020, from its current -10.4% projection. Following a 21.9% contraction in Q2, the Spanish construction sector rebounded on a quarterly basis in Q3 with an expansion of 22.5%. […]
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