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Pryat Matharu

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  • Author: Pryat Matharu

Major oil and gas EPC players are aligning strategies for energy transition, says GlobalData

Leading oil and gas engineering, procurement, and construction (EPC) companies are increasingly shifting their strategies towards cleaner energy segments, according to GlobalData, a leading data and analytics company. Major oil and gas EPCs have traditionally relied on projects within the oil and gas value chain, building relatively little exposure to renewables. However, with a bleak investment outlook for the sector post-COVID-19 and major oil and gas companies making strategic shifts for the energy transition, these EPCs are looking to renewables and other clean energy sectors for future growth. Will Scargill, Managing Oil & Gas Analyst at GlobalData, comments, “COVID-19 brought a major oil and gas demand shock, delayed projects and raised additional […]
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ExxonMobil is set to strengthen its position to provide for the future of oil and gas demand, says GlobalData

Following ExxonMobil’s Q3 earnings release; Steven Ho, Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view: “ExxonMobil is very confident that it could potentially outperform its peers if the company is able to optimize its assets – preparing to capture a bigger market share once oil demand recovers closer to pre-pandemic levels by year 2022, as forecast by the IEA. The company is focused on the short-to-medium-term outlook with no indication of shifting away from oil. In any case, ExxonMobil could also sustain and profit marginally at lower price environment, given its aggressive measure to reduce operating […]
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French construction output rebounds sharply in Q3, says GlobalData

Following the release of data from the French National Institute of Statistics and Economic Studies (INSEE) showing a strong quarter-on-quarter rebound in construction output in the third quarter of 2020; Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view: “Despite this strong Q3 growth, GlobalData maintains its forecasts that construction output will contract by 11.6% in France in 2020 as a whole. While conditions in the country’s construction sector have significantly improved – with […]
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COVID-19 to reduce global platinum demand by 7.2% in 2020

Global platinum demand is set to fall by 7.2% in 2020, with the COVID-19 pandemic driving significantly lower demand from the auto and jewellery sectors. Typically these two sectors would account for 34% and 24% of total demand, respectively, with the remainder for industrial uses and investment, according to GlobalData, a leading data and analytics company. Ankita Awasthi, Senior Mining Analyst at GlobalData, comments: “China and Japan are the top two platinum-consuming nations and together account for 35.5% […]
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Canadian pipeline sector continues to adopt conservative strategies due to prolonged economic uncertainty, says GlobalData

The COVID-19 pandemic has disrupted the oil and gas sector leading to a sharp fall in fuel prices coupled with an over-abundant supply of oil and gas. Pipeline operators in Canada have been forced to reduce their capital expenditure (capex) for the year 2020. Despite capex prioritization to conserve cash, Canadian pipeline operators might still look to analyze the current market conditions […]
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Construction in North America to fall less than expected in 2020 amid quick rebound in US homebuilding, says GlobalData

GlobalData has revised its forecast for North America’s construction industry to -1.7% this year from the previous projection of -6.5% in the Q2 2020 update, as the recovery in the US residential market from the initial shock of the COVID-19 pandemic has been faster than expected. Dariana Tani, Economist at GlobalData, comments: “The US residential […]
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Propylene demand likely to rebound amid improving macro-economic environment, says GlobalData

The COVID-19 pandemic has created economic disruption leading to downfall in demand for petrochemical products, including propylene and its derivatives. Companies have responded either by lowering operating rates or closing production units, in response to a low-demand environment. They should consider a wider range of scenarios and factors such as pace of global economic recovery and propylene market conditions that are likely to aid decision-making […]
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North America to lead global small-scale LNG liquefaction capacity additions through 2024, says GlobalData

North America is expected to witness the highest global small-scale liquefied natural gas (LNG) liquefaction capacity additions in the world, expected to contribute around 37% of the global additions by 2024, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Small-Scale LNG Liquefaction Capacity and Capital Expenditure Outlook, 2020–2024 – North America leads Globally on Capacity Additions and Capital Expenditure Outlook’, reveals that North America is likely to witness total small-scale LNG liquefaction […]
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