China is expected to lead Asia’s refinery crude distillation unit (CDU) capacity additions, contributing about 49% of the regions’ total CDU capacity additions between 2021...
Indonesia is expected to witness 119 oil and gas projects commencing their operations across value chain during 2021-2025, accounting for 6% of the total project...
Gas hydrate is likely to remain underexplored due to the emergence of commercially viable alternatives, especially renewables. The hydrate molecule is highly sensitive to temperature...
Nigeria is expected to have 100 oil and gas projects commencing operations across the value chain between 2021 and 2025, accounting for 23% of the...
Asia is expected to witness the highest crude distillation unit (CDU) capacity additions globally, contributing about 48% of the total global CDU capacity additions by...
Over the past ten years, oil and gas operators have been focusing on production growth at all costs, but in 2020 they switched their initiative...
India is likely to witness an operational commencement of 647 oil and gas projects during 2021 to 2025, accounting for 33% of the total upcoming...
China is expected to witness 512 petrochemical projects to commence operations during the period 2021-2025, accounting for 76% of the total project starts across the...
Following the release of Halliburton’s annual report and Q4 2020 results; Effuah Alleyne, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company,...
Following less-than-rosy company results, though, amid one of the most challenging years for oil and gas companies, Saudi Aramco is expected to lay significant emphasis...
Oil and gas contract activity remained subdued in 2020, with the industry recording a decrease in the number of contracts and disclosed contract value, according...
Two significant gas projects that are poised to take final investment decisions (FID) in Morocco this year could add 70mmcfd of natural gas to the...
Carbon capture and storage (CCS), when deployed in collaboration with clean energy technologies, has the potential to reduce global emissions and thus limit global warming,...
Asia is expected to lead the global capacity additions among the regions and its chlorine capacity is expected to increase from 54.59 mtpa in 2020...
The UK is expected to drive the upcoming projects across oil and gas value chain in Europe, accounting for about 25% of the total projects...
Asia is set to spearhead the global liquids storage capacity additions contributing about 60% of the total global capacity additions between 2021-25. It is likely...
China is expected to dominate the liquids storage capacity growth in Asia, contributing about 50% of the total capacity growth between 2021-25. It is likely...
Following today’s news that Rolls-Royce and Tecnam have joined forces with Widerøe to deliver an all-electric passenger aircraft ready for service in 2026; Harry Boneham, Associate...
COVID-19 and sustainability will continue to heavily impact the oil and gas industry, according to data and analytics company GlobalData, which has identified the top...
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...
With delays and COVID-19 restrictions hampering oil and gas project timelines in 2020, 2021 is forecast to see a bump in both field starts and...
Following the news that NEO Energy is acquiring ExxonMobil’s Central and Northern North Sea assets in the UK; Daniel Rogers, Senior Oil and Gas Analyst at...
The Scoop Stack, located in Oklahoma, accounts for 4.5% of oil and 7.2% of natural gas production in the United States Lower 48. This play...
The US will drive upcoming project starts across the oil and gas value chain in North America, accounting for 70% of the total projects expected to start operations by 2025. Of these, new build projects dominate with 83%, while the remaining are...
The global ammonia industry is poised to register a total growth of 23% from 230.88 million tonnes per annum (mtpa) in 2020 to 284.21 mtpa...
The US is expected to dominate global crude oil trunk/transmission pipeline growth, accounting for almost one-fourth of the total pipeline length growth by 2024. With...
While the global oil and gas industry witnessed a marginal decrease in the number of contracts, from 1,283 in Q3 2020 to 1,145 in Q4,...
The steep decline in automotive and tire demand has largely affected the growth of the global styrene butadiene rubber (SBR) market. In these challenging market...
Following the latest report quarterly report from the company Adrian Lara, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his...
Following the release of BP’s Q4 2020 financial results, Daniel Rogers, Senior Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers...
Asia is expected to lead the global vinyl acetate monomer (VAM) capacity additions with an increase from 5.43 million tonnes per annum (mtpa) in 2019...
The global styrene-butadiene-rubber (SBR) capacity is poised to register a total growth of 8% from 7.92 million tonnes per annum (mtpa) in 2019 to 8.57...
Following President Biden’s moves to implement new climate policies upon taking office yesterday; Will Scargill, Managing Oil and Gas Analyst at GlobalData, a leading data and...
Morgan Stanley and Evercore were the top mergers and acquisitions (M&A) financial advisers in the global oil and gas sector for 2020 by value and...
The Appalachia Basin, made up of the Marcellus formations and the Utica Shale, accounted for more than 40% of the natural gas produced in the...
The global Acrylonitrile-Butadiene-Styrene (ABS) capacity is poised to register a total growth of 19% from 11.36 million tonnes per annum (mtpa) in 2019 to 13.49...
The global lockdown to contain the COVID-19 pandemic has led to low oil and gas demand and a decline in the global energy prices. Against...
North America is expected to have the maximum share of the global oil and gas trunk/transmission pipeline length by 2024, representing around 43%. Running for...
Asia had the highest crude oil refinery capacity under maintenance (both planned and unplanned) globally in 2020. The region had a refining capacity of 11,524...
The global propylene capacity is expected to potentially increase from 129.80 million tonnes per annum (mtpa) in 2019 to 191.84 mtpa in 2030 registering a...
The shale gas advantage of North American petrochemical majors provides a boost for investments in the region, primarily in the US. However, the oil price...
Global methanol capacity is poised to see considerable growth by 2030, potentially increasing from 148.44 million tonnes per annum (mtpa) in 2019 to 310.94 mtpa...
The global Bisphenol A capacity is poised to register a total growth of 17% by 2024. The Bisphenol A capacity is likely to increase from...
Total SA has dominated in terms of long-term liquefied natural gas (LNG) import contract volumes signed by key purchasing companies for the year 2020, with...
The global acrylic acid capacity is poised to see considerable growth by registering a total growth of 19% by 2024. The acrylic acid capacity is...
The COVID-19 pandemic and weak global economic outlook, coupled with fragile energy demand has resulted in a decline in oil and gas prices. The all-pervasive nature...
Shale operators slashed their planned capital expenditure (capex) for 2020 to account for the oil price crash, which inevitably led to decline in drilling and...
Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71% of the region’s total growth. Nigeria is likely to...
Asia is forecast to lead the global vinyl chloride monomer (VCM) capacity additions, which is likely to increase from 26.91 million tonnes per annum (mtpa)...
Following the news that Denmark has voted to end new oil and gas exploration in the Danish North Sea; Daniel Rogers, Oil and Gas Analyst at...
Despite its relatively high cost, both shipping companies and refiners are placing bets on low sulfur fuel oil (LSFO, 0.5% sulfur m/m) for marine transportation....
Global shale production has taken a drastic hit in 2020, where shale oil is expected to drop by 11.7% year-on-year and shale gas production may...
Over 70% of the total midstream projects that have been impacted are in the US. Consequently, several oil and gas companies with midstream operations have...
European international oil companies (IOCs) are leading the way in terms of progressing strategies for renewable power growth, ahead of US players that have not,...
The global oil and gas industry has witnessed a marginal increase in the number of oil and gas contracts from 1,104 in Q2 2020 to...
Following the early disruption caused by the crude price crash, the US shale industry has gradually started to adapt to the new pricing environment. Since...
The global phenol capacity is poised to see considerable growth by registering a total growth rate of 17% by 2024. The phenol capacity is likely...
The COVID-19 continues to wreak havoc across the globe causing severe damage to the growth of the global and regional economies. Consequently, the Southeast Asian...
The US is expected to lead the liquefied natural gas (LNG) liquefaction capacity growth in North America by 2024, accounting for around 92.6% of the...
Refiners across the globe were severely impacted by COVID-19, which destroyed demand, reduced operations in several refineries and even compelled them to suspend operations. Despite...
China is expected to witness the highest liquids storage capacity additions in Asia, contributing about 32% of the region’s total capacity additions through 2024, says...
Following the recent news that the US Democratic Party candidate, Joe Biden, looks to have won the 2020 US Presidential Election after a tight race...
Asia is expected to witness the highest global liquids storage capacity additions, contributing around 46% of the global liquids storage capacity additions by 2024, says...
The global polyolefins market is expected to decline in 2020 due to weaker end-market demand from applications such as construction, automotive and industrial. However, the pandemic-driven feeble demand is partially...
The global ammonia capacity is poised to see considerable growth by 2030, potentially increasing from 253.34 million tonnes per annum (mtpa) in 2019 to 289.83...
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...
Alston & Bird and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in oil and gas sector for Q1-Q3 2020 by...
Morgan Stanley and Evercore have emerged as the top mergers and acquisitions (M&A) financial advisers in the oil and gas sector for Q1-Q3 2020 by value and volume, respectively. A total of 1,115 M&A deals were...
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...
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...
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...
The global petrochemical capacity is poised to see considerable growth by 2030, potentially increasing from 2,129.0 million tonnes per annum (mtpa) in 2019 to 3,029.1...
Weak economic outlook fueled by the COVID-19 pandemic has led to a fall in oil and gas prices and weakening liquefied natural gas (LNG) demand,...
Eastern Mediterranean regional gas demand has been supressed and liquefied natural gas (LNG) spot prices have been crippled by the impacts of COVID-19 in the...
Significantly low gas prices and the global LNG supply glut caused by COVID-19 has led to a delay in upcoming LNG projects in Canada. Prevailing...
Following the news on Alaska Ballot Measure 1, through which voters in the state will decide on whether taxes on oil should be increased for selected fields; Gregory Bosunga,...
The operators of Australian LNG projects have widely opted to delay the final investment decisions (FIDs) and have decided to wait for the medium-term market...
Following ConocoPhillips’ US$9.7bn acquisition of shale rival Concho Resources; Steven Ho, Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on...
The COVID-19 outbreak has led to an unprecedented decline in demand affecting all sections of the Russian economy, which has impacted the demand for petrochemicals...
Gas to liquids (GTL) plants can be installed at oil production facilities to capture the associated gas that is otherwise flared off. This approach provides oil producers with an additional way...
Following the release of Schlumberger’s Q3 2020 earnings call; Effuah Alleyne, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers her...
China is expected to lead the Asia and Oceania’s refinery capacity growth, contributing around 71% of the region’s total capacity growth by 2024. China is...
The global urea capacity is poised to see considerable growth by 2030, potentially increasing from 218.21 million tonnes per annum (mtpa) in 2019 to 301.55...
While the adoption of augmented reality (AR) in the oil and gas (O&G) industry is in the introductory phase, this evolving technology has the potential...
The Permian Basin, the largest oil producing region in the US, has been impacted the most by the COVID-19 pandemic. Since March 2020, several producing...
The global polyvinyl chloride (PVC) capacity is poised to see considerable growth by 2024, potentially increasing from 56.13 million tonnes per annum (mtpa) in 2019...
The COVID-19 pandemic has significantly impacted the US pipeline sector and operators are left with little choice than to adopt strategies to save cash. As...
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...
Following the announcement that Chrysaor Holdings and Premier Oil have proposed to merge businesses; Daniel Rogers, oil and gas analyst at GlobalData, a leading data and...
Global ethylene capacity is poised to see considerable growth by 2024, potentially increasing from 191.54 million tonnes per annum (mtpa) in 2019 to 283.22 mtpa...
Global economic slowdown has led to reduced demand for LNG produced in the US. As a result, LNG exports from the country are likely to remain low in the near future, says GlobalData, a leading data and analytics company. Haseeb Ahmed, Oil and Gas Analyst at GlobalData,...
BP will need to commit to significant investments in the renewable energy and liquefied natural gas (LNG) space in order to meet its 2030 target...
Following the news of the merger between Devon Energy and WPX Energy; Steven Ho, Oil & Gas Analyst at GlobalData, a leading data and analytics company,...
The global oil and gas pipeline sector has been facing several headwinds in the form of a fall in oil and gas prices, demand destruction,...
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...
Following this week’s bullish sentiment with respect to Chevron’s shares; Adrian Lara, Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his...
Aramco has faced a tough time in 2020 so far. Just months after its long-awaited IPO in December 2019, the impacts of COVID-19 on the...
Following today’s announcement of Total’s deal to develop 3.3GW solar capacity in Spain; Will Scargill, Managing Oil & Gas Analyst at GlobalData, a leading data and...
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...
The Former Soviet Union (FSU) and Asia are expected to lead the global refinery coking unit capacity growth, contributing around 75% of the total global capacity...
Mergers and acquisitions (M&A) activity across the oil and gas sector reached US$224.4bn in deal value in 2019, reflecting growths of 29% and 159% compared...
The South American oil and gas pipelines sector has been impacted by weak demand and low oil and gas prices as a result of COVID-19....
COVID-19 pandemic has significantly impacted the global economy in 2020. Growth across key Asian economies is expected to rebound in 2021, as the containment measures...
The oil and gas industry is increasingly relying on digital technologies to transform itself in the 21st century. As increasing volumes of data are being...
The conventional refinery model of generating revenue by processing crude to produce transportation fuels is increasingly under threat from falling fuel demand. In such a...
Extensive dependency on a non-biodegradable material has led to steady accumulation of plastic waste over the last several decades. This necessitates formulation of a sustainable...
The global polyethylene terephthalate (PET) capacity is poised to see considerable growth over the next five years, potentially increasing from 30.47 million tonnes per annum...
Global ethylene glycol (EG) capacity is poised to see considerable growth over the next five years, potentially increasing from 41.80 million tonnes per annum (mtpa)...
Russia is expected to witness the highest global working gas storage capacity additions, contributing around 21% of the global capacity additions by 2024, says GlobalData, a...
The global oil and gas industry has witnessed a continual slowdown in the number of oil and gas contracts, as companies are finding it difficult...
Following the release of official weekly US Energy Information Administration data on stocks, demand and supply of US crude oil and refined products; Adrian Lara, Senior...
A total of 18 planned and announced Floating Production Storage and Offloading (FPSO) projects are expected to be deployed offshore Brazil during the outlook period...
The demand for gasoline and jet fuel has taken a hit as a result of nation-wide lockdown across the US since late March 2020 due...
Following the approval of an oil and gas leasing plan for Alaska’s Arctic National Wildlife Refuge (ANWR) by the US Department of Interior; Adrian Lara, Senior...
Operators in the Americas region have had to manage projects and mitigate the effects of COVID-19 through severe production cuts and reductions in investments. As...
Asia is expected to lead the global refinery fluid catalytic cracking units’ (FCCU) capacity growth, contributing about 45% of the total global capacity growth by...
Following the release of Marathon Oil’s Q2 results; Andrew Folse, Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view...
Following today’s announcement of Equinor’s appointment of a new CEO, with an increased focus on the energy transition; Will Scargill, Managing Oil & Gas Analyst at...
China is expected to lead Asia’s refinery fluid catalytic cracking units’ (FCCU) capacity growth, with about 89% of the region’s total capacity growth by 2024....
China is expected to lead Asia’s refinery coking units’ capacity growth, contributing about 94% of the region’s total capacity growth by 2024. The country is...
Following yesterday’s announcement of BP’s strategy for transition from an International Oil Company to an Integrated Energy Company, Will Scargill, Managing Oil & Gas Analyst at...
Cloud computing allows oil and gas companies to scale their data management and storage, driving greater flexibility in infrastructure costs. The high computing power delivered...
COVID-19 heavily impacted the key end-use segments such as transportation and manufacturing sectors among others, hitting the demand for fuel products in India. This forced...
Following the release of Shell’s Q2 2020 earnings call, Effuah Alleyne, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers...
Simpson Thacher & Bartlett and Baker Botts were noted to be the top mergers and acquisitions (M&A) legal advisers in the global oil and gas...
Financial advisers Moelis & Co and Evercore were noted to be the top mergers and acquisitions (M&A) financial advisers in the global oil and gas...
Following the news that Lukoil has reached an agreement with Cairn to acquire their Senegalese assets, including a share of the Sangomar development; Conor Ward,...
Following the release of Schlumberger’s Q2 2020 earnings call; Effuah Alleyne, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers her...
Following the news that Chevron is to acquire Noble Energy for $13bn; Adrian Lara, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics...
Following Halliburton’s Q2 2020 earning call, where the company fully commits to its strategy of improving innovative customer solutions through digital technology and concentrating on...
Venezuela’s oil and gas sector was already caught in a vicious cycle well before the COVID-19 outbreak created a world economic crisis. Even though there...
The wide-spread of COVID-19 has presented some new challenges to Indian petrochemical industry, as the nation-wide lockdown imposed in late March 2020 (eased over the...
Following Energy Information Administration’s release of official weekly data on stocks, demand and supply of US crude oil and refined products; Adrian Lara, Senior Oil & Gas Analyst at GlobalData, a leading data and...
Asia is expected to lead the global liquids storage capacity growth, contributing about 49% of the total global capacity growth by 2024. The region is...
The global demand growth of ammonia is expected to remain sluggish between 2020 and 2030 due to a COVID-19 led reduction in economic activities in...
The Middle East is a key producer and supplier of polyolefins to demand-rich markets, specifically Asia. The region’s polyolefin exports account for around one-third of...
China is expected to lead the liquids storage capacity growth in Asia, contributing about 40% of the total capacity growth in Asia by 2024. The...
Even during the current COVID-19 crisis of lower economic activity, natural gas imports from Mexico have remained at levels of around 5,300 mmcfd during the...
Asia is expected to witness the highest global liquefied natural gas (LNG) regasification capacity additions, contributing about 69% of the total regasification capacity additions by...
China and India are expected to dominate Asia’s liquefied natural gas (LNG) regasification capacity additions, contributing nearly 60% of the regions’ total regasification capacity additions...
Latin America’s oil and gas sector is facing unprecedented challenges caused by a combined collapse in commodity prices and crude oil demand due to the...
Subsea technology has drastically improved in the last two decades in terms of functionality and reliability, with notable strides made in areas such as subsea...
Weatherford International is expected to be one of the most highly impacted of the major oil field service providers as a result of COVID-19 and...
The temporary tax relief proposal announced by the Norwegian Government, and designed to ensure near-term investment in the country, could double industry post-tax cash flow...
Asia is expected to have the highest crude distillation unit (CDU) capacity additions, contributing about 42% of the global CDU capacity additions by 2024, says...
China is expected to dominate Asia’s refinery crude distillation unit (CDU) capacity additions, contributing about 80% of the regions’ total CDU capacity additions between 2020...
The Middle East and African (MENA) oil and gas pipelines sector has been impacted due to low oil prices and weak demand as a result...
Following announcements from Argentina’s Government to implement a new plan for subsidizing oil and gas production in face of the current COVID-19 sector’s crisis; Adrian Lara,...
Demand for transportation fuel has taken a huge hit on oil refineries since late March 2020 amid COVID-19 lockdowns. Being ill prepared to tackle such...
Following today’s announcement that BP will sell its petrochemicals business to INEOS; Will Scargill, Managing Oil & Gas Analyst at GlobalData, a leading data and analytics...
The COVID-19 outbreak and crude oil price crash have pushed petrochemical companies in the US to announce project delays. With major complexes such as Shell...
Nation-wide lockdowns across the Asia-Pacific (APAC) region to curtail the spread of COVID-19 has resulted in a steep decline in the demand for transportation fuel....
Following the continued cancellation of US LNG cargos; Adrian Lara, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view...
A combination of asset type and geographical diversification can determine the impact COVID-19 has on North American oil and gas companies. Other characteristics such as...
Oil operators have been struggling since oil prices plummeted in March. Many are not able to adjust as quickly as needed and have nothing left...
The upstream businesses of the national oil companies (NOCs) in China are the most affected amongst the Asian NOCs’ peer group when assessed against the...
Weak economic outlook coupled with the impact of COVID-19 has hit the oil and gas industry in general, and the North American pipeline sector is...
North America is expected to be the frontrunner in global LNG liquefaction capacity growth through new-build (planned and announced) and expansion projects during the outlook...
India is expected to lead Asia’s oil and gas new-build trunk/pipeline length additions, contributing around 59% of Asia’s planned and announced pipeline length additions between...
Asia will drive the global new-build trunk/transmission pipeline additions with a contribution of about 36% of the oil and gas pipeline length additions by 2024,...
The market for transportation fuel has been nearly wiped out due to the nationwide lockdowns imposed across the continent since March 2020. With inventories piling...
The global polypropylene capacity is poised to see considerable growth over the next four years, potentially increasing from 83.44 million tonnes per annum (mtpa) in...
London-listed independent oil and gas companies such as Tullow Oil, Cairn Energy, Premier Oil, EnQuest and Genel Energy will continue to face hurdles in sourcing...
Following BP’s announcement that it is revising long term price assumptions as part of its strategy development; Will Scargill, Managing Oil & Gas Analyst at GlobalData,...
China is expected to lead with 25% capacity share in the global liquefied natural gas (LNG) regasification industry from new-build (planned and announced) projects between...
Bakken production is expected to fall through 2020, however it will remain above 1million barrels of oil equivalent per day (mmboed) at the end of...
Reduced demand due to economic slowdown in the Middle East and Africa (MENA) region, fueled by the COVID-19 outbreak, has led to long-term liquefied natural...
Reduced demand due to economic slowdown, coupled with the COVID-19 outbreak, has led to cancellations of long-term liquefied natural gas (LNG) supply contracts and cargo...
China and the US and are expected to lead the capacity growth in the global LNG liquefaction and regasification sectors from planned and announced (new-build)...
Oil and gas companies are facing increasing scrutiny for their carbon intensive operations. With the passing of the 2015 United Nations Climate Change Framework, the...
The outbreak of the COVID-19 pandemic has intensified the challenges faced by Whiting Petroleum, leading to a mediocre overall performance. As a result, in a...
Following the release of data by the Energy Information Administration (EIA) Weekly Petroleum with information on refined products supplied and stocks weekly changes crude oil; Adrian...
With the impact of COVID-19 outbreak globally and the downturn in oil and gas market prices, companies are announcing project delays. The US had the...
Weak economic outlook coupled with the impact of COVID-19 has hit the oil and gas industry in general, the North American oil and gas pipeline...
Stringent travel restrictions worldwide have wiped out the market for fuel transportation and long storage durations have led to the deterioration of products such as...
The intrinsic uncertainty surrounding the duration of beleaguered global oil and gas demand and low oil prices has led to varied responses from E&P companies to cope...
After almost three months since the start of the COVID-19 pandemic, GlobalData estimates crude oil production in the USL48 to reduce from an average of...
Natural gas prices have struggled in early 2020, hitting record lows due to US dry gas production being at a record high - which has impacted major shale...
Total SA’s (Total) robust upstream business tops the European majors’ peer group when assessed against the impact of COVID-19 and the current oil price volatility, says GlobalData,...
Liquefied natural gas (LNG) imports by the world’s top three consumers – Japan, China and South Korea, and other Asia-Pacific (APAC) countries such as India have taken...
The global liquefied natural gas (LNG) liquefaction sector is reeling under the pressure of falling oil and gas prices, weak LNG demand and poor global...
The global oil and gas industry has witnessed a significant slowdown in the number of oil and gas contracts and contract value, which is largely...
Reduced demand due to COVID-19 outbreak and the subsequent economic slowdown have forced China’s petrochemical players to re-work on their investment strategies. As a result, several pre-final investment...
Oil companies are dealing with a plethora of challenges due to the sudden decline in demand amid the COVID-19 pandemic. Distant storage locations increase costs...
China is expected to lead the Asia’s refinery hydrocracking units’ capacity growth, contributing around 57% of the region’s total capacity growth by 2024. China is likely to...
The COVID-19 outbreak has damaged supply chains and impacted labor availability across Europe, which has direct implications on upcoming petrochemical projects currently under construction/commissioning and...
Asia is expected to lead the global refinery hydrocracking units’ capacity growth, contributing about 49% of the total global capacity growth by 2024. The region is likely...
Social distancing is directly affecting global travel, logistics and material handling, as well as potentially creating gaps along the oil and gas supply chain that...
To protect balance sheets, maintain shareholder pay-outs and preserve cash, oil and gas companies have gone into survival mode, reducing forecast expenditure where possible to...
The global liquefied natural gas (LNG) sector has been hit by supply overhang followed by COVID-19-induced economic slowdown and lower demand worldwide. Haseeb Ahmed, Oil and...
Following the release of Q1 results from several oil and gas companies; Ella Benson Easton, Thematic Analyst at GlobalData, a leading data and analytics...
The COVID-19 pandemic impact has devastated crude oil demand as the majority of the end user industries are witnessing a slowdown amid lockdowns. This market...
The global oil and gas pipeline sector is facing several headwinds such as fall in the oil and gas prices, demand destruction and a weak global economic...
Asian crude oil importers are likely to be at an advantageous position, as Saudi Arabia slashed oil prices to around US$4.2 per barrel of Arab...
Following recent news about Oil Sands producers shutting down crude production due to their unprofitability; Adrian Lara, Senior Oil & Gas Research Manager at GlobalData, a...
Evercore was the top global mergers and acquisitions (M&A) financial adviser in the oil and gas sector by both value and volume in Q1, 2020,...
Following today’s news that Tullow has reached an agreement to sell its assets in Uganda; Conor Ward, Upstream Oil & Gas Analyst at GlobalData, a leading...
Scoop-Stack hit a peak, in terms of rig count in 2018, averaging approximately 75 rigs for the year with the majority of them operating within...
Australia began to develop its Liquefied Natural Gas (LNG) sector a little over a decade ago and quickly became one of the world’s largest exporters of the...
Following the news that theWest Texas Intermediate (WTI) plunged into negative territory; Indrajit Sen, Oil & Gas Editor at GlobalData, a leading data and analytics company, offers...
Capitalizing on the momentum from the Aramco IPO in Q4 2019, 15 companies have expressed an interest to get listed in the Gulf Cooperation Council...
The stringent measures adopted to contain COVID-19 pandemic in India has led to a sharp decline in natural gas demand due to fall in industrial and domestic...
Following the historic fall of the West Texas Intermediate (WTI) futures price for May delivery into negative territory, going as low as negative US$37.6 per...
Following the news that the West Texas Intermediate (WTI) May futures nosedived 300% to as low as almost negative $40 in early trades on 20...
China, one of the largest consumers of transportation fuel globally, had a lot at stake when it became the ground zero for coronavirus (COVID-19) and subsequently announced...
Following the Energy Information Administration (EIA) Weekly Petroleum data release with information on refined products supplied and stocks build up for crude oil Adrian Lara, Senior...
Total’s refining and petrochemical operations have sizeable exposure to COVID-19 affected countries and may experience a fall in capacity utilization over the near term, says...
The extended lockdown announced by India to curtail the spread of Covid-19 has impacted the country’s oil and gas sector quite heavily. This sudden halt in daily...
The oil price crash has forced Eagle Ford operators to re-evaluate their cash flows, cutting capital expenditure and rig count in 2020. By assessing the...
Following news that OPEC+ has agreed to cut production by 9.7 million per day, with Russia and Saudi Arabia assuming the biggest production reductions; Anna Belova, Senior Oil & Gas Analyst at GlobalData,...
With coronavirus (Covid-19) being declared a global pandemic by the World Health Organisation (WHO) and the oil price war resulting from the OPEC+ disagreement, the oil and...
As the number of cases rise and business sentiment tumbles, Sub-Saharan Africa is likely to see a slowdown in upstream activity for ongoing projects and final investment decisions...
Following today’s news (Friday 10 April) that the OPEC+ agreement, which will cut production by ten million barrels, is contingent on Mexico’s consent to also...
The US is expected to lead the refining industry in North America, pushing the total crude oil refining capacity in the region from 24.6 million...
Investors have not faced both a decrease in global oil demand and a significant and potentially prolonged increase in oil supply at the same time...
One of the immediate effects of the coronavirus (COVID-19) pandemic on the oil and gas industry has been a global glut of crude oil supply amid already weak demand, resulting in a significant drop in oil prices. Ongoing projects across...
Following the coronavirus (COVID-19) outbreak, China – the world’s biggest importer of crude oil – has been forced to cut down on consumption. The resulting...
The rates for chartering very large crude carriers (VLCCs) has surged exponentially due to a spike in demand for long-term offshore storage of crude oil...
As the oil and gas sector comes to terms with decade-low oil prices and global disruptions caused by the coronavirus (COVID-19), company costs and investments are being slashed with over US$50bn pledged to date and more on the horizon, says GlobalData, a leading...
Following the announcement that several key operators in the Permian Basin are significantly reducing capex or production in their positions as a result of the...
The Scoop and Stack shale plays of Oklahoma may not be as prolific as the Permian Basin or the Bakken shale play. However, acreages across...
Following the news that global oil prices plummeted to an 18-year low on March 18 as a result of the coronavirus-fueled demand shock and the...
Following the expected cuts in capital expenditure (capex) for shale operators in the Bakken due to demand shock from the coronavirus (COVID-19) and supply shock...
The Maka Central discovery has the potential to bring more than US$50m in revenue per year to the Surinamese Government, if it sees similar success...
The recent coronavirus (COVID-19) outbreak is adding further woes for the oil and gas industry, which is already plagued by oversupply and declining prices. This...
Asia is expected to lead the global chlorine capacity additions by contributing about 69% of global growth from new-build and expansion projects between 2020 and 2024, says...
Russia is expected to lead the refining industry capacity growth in the Former Soviet Union (FSU) from active and upcoming (planned and announced) projects, accounting...
A significant portion of the acreage available in Q1 2020 is located in either deep or ultra-deep water, up from the previous quarter, according to...
Asia is set to drive the capacity growth in the global polyethylene industry from new-build and expansion projects between 2020 and 2024, contributing around 40% of the...
Following the news that Saudi Arabia is responding to Russia’s refusal to a new oil production cut agreement by cutting oil prices and boosting supply, Will Scargill, Managing Oil & Gas Analyst at GlobalData, a leading data and analytics...
The average production for the Denver-Julesburg (DJ) Basin in 2020 is forecasted to hit 1.1 million barrel oil equivalent per day (mmboed) compared to an average of 0.997mmboed in 2019, according to leading data and analytics company GlobalData. Steven Ho, Oil and Gas...
Following the WTI price fall to around US$30 per barrel due to an oil price war between Saudi Arabia and Russia, Adrian Lara, Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view: “There is no doubt the...
Iran is expected to lead the Middle East refining industry by contributing around 31% of refining capacity additions from planned and announced (new-build) projects by...
Although the Scoop-Stack has experienced one of the largest decreases in rigs among the major oil and gas plays in the US, its overall production...
Nigeria is set to lead refining capacity additions from planned and announced (new-build) projects in Africa by 2024, says GlobalData, a leading data, and analytics...
India is set to lead the capacity additions in the global ammonia industry from planned and announced projects between 2020 and 2024, contributing around 18% of the...
China is expected to lead Asian refinery crude distillation units (CDUs) capacity additions by 2024, accounting for about 46% of the total capacity additions from...
Asia leads the global refinery crude distillation unit (CDU) capacity additions by contributing about 42% of the total global CDU capacity from new-build projects (planned and announced...
Asia is set to drive capacity growth in the global ammonia industry from planned and announced projects between 2020 and 2024, contributing around 27% of the global...
Asia is expected to lead the global refining industry by contributing about 40% of refining capacity additions from planned and announced (new-build) projects between 2020 and 2024,...
In 2019, offshore discoveries accounted for more than 60% of global discoveries, up significantly on previous years, says GlobalData, a leading data, and analytics company. The...
China is expected to lead the Asian refining industry by contributing about 44% of refining capacity additions from planned and announced (new-build) projects by 2024, says GlobalData,...
The upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating some high-value transactions...
Following the news that Pemex has rejected Talos’ claim to the Zama field, Adrian Lara, Oil and Gas Analyst at GlobalData, a leading data and...
The global oil & gas industry has witnessed a substantial contract in the downstream/petrochemical sector, with China National Chemical Engineering No 7 Construction securing a...
As Russia’s statistic agency reports that 2019 was another year of record oil production, with growth of 0.8% from 2018, the country’s recent production history...
Deal activity in 2019 has largely revolved around the need to improve company finances and reduce debt. It drove multinational oil and gas companies, such...
The Arctic continental shelf is estimated to hold vast deposits of hydrocarbons and rare earth minerals. Russian and Norwegian exploration and production (E&P) operators have...
As the UK leaves the EU, ripple effects will be felt throughout the UK economy. For the oil and gas industry, changes will occur but the impact of Brexit...
Following the news that Eni has signed a liquefied natural gas (LNG) supply agreement with Nigeria LNG; Cao Chai, Upstream Analyst at GlobalData, a leading data...
North America had the highest crude oil refinery capacity under maintenance (both planned and unplanned) globally in 2019, and the region had a refining capacity...
ExxonMobil is expected to lead global planned and announced ethylene capacity additions between 2019 and 2030, contributing around 5% of the global growth by 2030,...
China had the highest crude oil refining capacity under maintenance (both planned and unplanned) in Asia in 2019, accounting for about 41% of the region’s...
Final Investment Decisions (FIDs) planned across the oil and gas value chain in 2020 are set to focus on natural gas developments, according to GlobalData, a leading data and analytics company. The company’s report, ‘Global Oil & Gas FIDs in 2020’, reveals that FIDs targeted for this...
ExxonMobil Fuels and Lubricants Co (ExxonMobil Fuels) had the highest crude oil refinery capacity under maintenance (both planned and unplanned) among all the refinery operators...
Russia is expected to lead the Former Soviet Union’s (FSU’s) oil and gas new-build trunk/transmission pipeline length additions, contributing around 84% of the region’s planned...
Oil and gas assets are increasingly fitted with a multitude of Internet of Things (IoT) sensors, causing exponential growth in data. This, in turn, is...
The Middle East is expected to contribute 17% of global new-build trunk/transmission petroleum products pipeline length additions by 2023, says GlobalData, a leading data, and...
The Arctic region is largely under-explored due to its cold, harsh climatic conditions, frozen seas and lack of investment in infrastructure development. However, this picture...
Saudi Aramco is continuing to focus significant efforts on crude oil expansion, according to GlobalData, a leading data and analytics company. The company’s report, ‘Saudi Aramco...
Asia and the Middle East are expected to collectively contribute about 30% of the global new-build crude oil trunk/transmission pipeline length additions by 2023, says...
North America is set to drive the global new-build crude oil trunk/transmission pipeline length additions, contributing around 51% of the global planned and announced crude...
Asia is expected to lead global new-build trunk/transmission petroleum product pipeline length additions, contributing around 59% of planned and announced pipeline length additions between 2019...
Asia is expected to lead the global petrochemical industry capacity growth from new-build and expansion projects between 2019 and 2030 with 50% share, according to...
Iran is expected to lead the Middle East’s oil and gas new-build trunk/transmission pipeline length additions, contributing around 43% of the region’s planned and announced...
Steven Ho, Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view on what Comstock’s Chesapeake’s Haynesville assets acquisition will...
Nigeria is expected to contribute around 35% of Africa’s total planned and announced oil and gas new-build trunk/transmission pipeline length additions between 2019 and 2023,...
Norway is set to account for 57% of Northwest Europe’s total crude and condensate (liquids) production in 2025 from planned and announced greenfield projects, according...
Following the increased tensions between the US and Iran caused by the assassination of Qassem Suleimani, Will Scargill, Managing Oil & Gas Analyst at GlobalData, a...
Asia is expected to lead the global ethylene industry capacity growth from new-build and expansion projects between 2019 and 2030, with 47% share, according to...
India is expected to lead Asia’s oil and gas new-build trunk/pipeline length additions, contributing around 53 percent of Asia’s planned and announced pipeline length additions...
Equinor ASA is set to account for 17% of Northwest Europe’s total crude and condensate (liquids) production in 2025 from planned and announced (greenfield) projects,...
China is expected to lead the global ethylene industry capacity growth from planned and announced projects between 2019 and 2030, with 26% share, according to...
As 2019 draws to a close, Anna Belova, Senior Oil and Gas Analyst at leading data and analytics company GlobalData, looks at the key trends...
With Buzios excess area now successfully awarded, Petrobras will practically have two contracts for the complete Buzios area: one for oil originally contracted to Petrobras...
Throughout 2019 Africa has led licensing round activity; looking forward to 2020 this is set to continue, however results of the recent rounds have had...
Natural gas production for Northwest Europe is forecast to decline by approximately 25% from current levels over the next five years as upcoming projects struggle...
Following the news that China has officially launched a new state-owned oil and gas pipeline company – China Oil & Gas Piping Network Corp.– in...
Ocean LNG has dominated in terms of long-term liquefied natural gas (LNG) import volumes for contracts signed by key purchasing companies for the year 2019,...
China is set to drive capacity growth in the global acrylic acid industry from planned and announced projects between 2019 and 2023, contributing around 43%...
The US is expected to lead in terms of global trunk or transmission pipeline length additions for planned and announced (new-build) projects between 2019 and...
Gazprom is expected to lead in terms of global trunk or transmission pipeline length additions for planned and announced (new-build) projects among companies between 2019...
China is expected to lead the global petrochemical industry capacity growth from planned and announced projects between 2019 and 2030 with 27% share, according to...
North America and Asia are set to drive the global oil and gas new-build pipeline length additions, contributing around 55% of the global planned and...
Asia is expected to drive the global phenol capacity growth from planned and announced projects between 2019 and 2023, contributing around 91% of the global...
Data management has become an important theme in the oil and gas industry as the volumes of data generated by the industry have increased significantly,...
Asia is set to lead by contributing around 92% of the global acetone capacity growth from planned and announced projects between 2019 and 2023, says...
In view of the increasing competition and narrowing margins among oil and gas companies, asset management is obtaining greater relevance in enhancing operational efficiencies, according...
Abundant shale gas production in the US has enabled the country to export natural gas as liquefied natural gas (LNG) to global markets. This has...
China is set to drive capacity growth in the global propylene oxide (PO) industry from planned and announced projects between 2019 and 2023, contributing around...
This year, deal activity in the Haynesville play has attributed to notable changes in acreage positions among operators, which have been competing aggressively for acreage...
Asia is set to contribute around 72% of the global purified terephthalic acid (PTA) capacity growth from planned and announced projects between 2019 and 2023,...
The recent resurgence of drilling activity in the Haynesville shale is expected to continue for the foreseeable future, considering the projected rise in demand for natural gas...
Oil and gas companies are analyzing operational data using virtual reality (VR) to enhance their decision-making capabilities, according to GlobalData, a leading data and analytics...
Following the recent announcement of a new giant oil discovery in Iran; Will Scargill, Managing Analyst, Oil and Gas at GlobalData, a leading data and analytics...
Over the last four years oil and gas production in the West of Shetlands has risen and with that, a growing relevance for the biggest players still...
The global oil and gas industry has witnessed a substantial boost from contracts activity in the Middle East, which has resulted in a contract value...
Egyptian General Petroleum Corporation (EGPC) led globally among companies in the third quarter (Q3) 2019 in terms of the highest number of oil and gas...
Following the rapid adoption of virtual reality (VR) technology in consumer markets, the oil and gas industry is witnessing wide-scale deployment of this technology across...
Iran is set to drive capacity growth in the global maleic anhydride industry from planned and announced projects between 2019 and 2023. The country aims...
Algeria has recently introduced a new hydrocarbons law bill whose goal is to increase the attractiveness of its petroleum fiscal framework after years of reduced...
Petroleo Brasileiro (Petrobras) continues to dominate global floating production storage and offloading vessel (FPSO) deployments with operatorship in 15 planned and announced projects during the outlook period...
South America and Europe led globally with the highest number of oil and gas discoveries during the third quarter (Q3) of 2019, with eight discoveries...
Kuwait Petroleum Corp is expected to account for 8% capacity share in the global liquefied natural gas (LNG) regasification industry from new-build (planned and announced)...
Brazil continues to drive global floating production storage and offloading vessels (FPSOs) deployment with 21 planned and announced FPSOs during the outlook period 2019 to...
Asia is expected to lead the global new-build Liquefied Natural Gas (LNG) regasification capacity additions from the planned and announced (new-build) projects. These additions are...
China, with its planned and announced (new-build) terminals, is set to drive most of the liquids storage capacity growth in Asia and Oceania. The country...
The US is forecast to drive new-build, liquefied natural gas (LNG) liquefaction capacity additions globally from planned and announced (new-build) projects between 2019 and 2023, contributing around 73% of global new-build LNG liquefaction capacity growth by 2023, according to GlobalData, a leading data...
Sustained exploration activity in the Barents Sea basin is vital to unlock the larger discoveries needed to warrant investment despite a recently poor run of...
Hengli Petrochemical (Dalian) Co. Ltd. is expected to lead the global planned and announced purified terephthalic acid (PTA) capacity additions during the period 2019 to...
Venture Global Partners is expected to be the leading company in the global liquefied natural gas (LNG) liquefaction industry, in terms of capacity additions from...
Asia is set to lead capacity growth in the global Acrylonitrile-Butadiene-Styrene (ABS) industry from planned and announced projects between 2019 and 2023, contributing around 74%...
Asia is set to lead the global ethylene oxide (EO) industry capacity growth from planned and announced projects between 2019 and 2023, contributing around 58%...
India is expected to lead with 18% capacity share in the global LNG regasification industry from new-build (planned and announced) projects between 2019 and 2023,...
The use of additive manufacturing, or 3D printing, is gradually increasing in the oil and gas industry. Currently accounting for less than 0.1% of the overall...
The Middle East is set to lead capacity growth in the global acetic acid industry from planned and announced projects between 2019 and 2023, contributing...
China is set to drive the global purified terephthalic acid (PTA) industry capacity growth from planned and announced projects between 2019 and 2023, contributing around...
The US is set to drive most of the liquids storage capacity growth in North America with its planned and announced (new-build) terminals, contributing around...
Asia is set to lead the capacity growth in the global ethylene dichloride (EDC) industry from planned and announced projects, contributing around 53% of the...
China is set to lead with the largest active capacity contribution in the global phthalic anhydride industry, contributing around 46% of the global capacity in...
Nigeria is set to drive refinery crude distillation unit (CDU) capacity growth in Africa with its planned and announced (new-build) refineries expected to contribute around...
North America is expected to drive global liquefied natural gas (LNG) liquefaction capacity growth through planned and announced (new-build) projects between 2019 and 2023, contributing...
Gazprom is expected to lead new-build gas processing capacity additions in the global gas processing industry from planned and announced (new-build) projects between 2019 and...
Asia and the Middle East are expected to drive the entire capacity growth in the global expandable polystyrene (EPS) industry from expansion projects (planned and...
The US is expected to drive new-build gas processing capacity growth in the global gas processing industry from planned and announced (new-build) projects between 2019...
Kuwait Petroleum Corp is expected to lead new-build crude distillation unit (CDU) capacity additions in the global refinery industry from planned and announced (new-build) projects...
The Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP), Brazil’s national agency for petroleum, plans to increase the diversity of upstream oil and gas...
Asia is expected to drive capacity growth in the global ethylbenzene industry from planned and announced plants between 2019 and 2023, contributing around 76% of...
India is set to drive capacity growth in the global styrene-butadiene-rubber (SBR) industry from planned and announced plants between 2019 and 2023, contributing around 29%...
Dangote Industries is expected to deploy four planned plants by 2030, the highest among all the operators globally, according to GlobalData, a leading data and...
Iraq is set to drive crude distillation units (CDUs) capacity growth in the Middle East from planned and announced (new-build) projects between 2019 and 2023,...
The US will drive new-build, small-scale liquefied natural gas (LNG) liquefaction capacity additions globally from planned and announced (new-build) projects between 2019 and 2023, contributing...
Following the September 14 attacks on oil infrastructure in Saudi Arabia, Will Scargill, Managing Oil & Gas Analyst at GlobalData, a leading data and analytics...
Fortress Investment Group is expected to lead capacity additions from planned and announced (new-build) projects in the global small-scale liquefied natural gas (LNG) liquefaction industry...
China Petrochemical Corp is expected to lead new-build liquids storage capacity additions in the global liquids storage industry from planned and announced (new-build) projects between...
Expanding the East-West Pipeline’s crude oil capacity to 6.5 million barrels per day (mmbd) will provide Saudi Arabia with an infrastructural improvement, but it will...
Unmanned aerial vehicles (UAVs), or drones, are becoming integral to the oil and gas industry due to their increasing usability across the value chain to...
Oil and gas companies are evaluating the possibilities of deploying wearable devices in day-to-day operations to improve safety and effiency in oilfield operations, says GlobalData,...
Asia expects to drive capacity growth in the global liquids storage industry from planned and announced (new-build) projects by contributing around 43% of the global...
Asia is expected to drive new-build crude distillation unit (CDU) capacity growth in the global refinery industry from planned and announced (new-build) projects between 2019...
China is set to drive capacity growth in the global ethylbenzene industry from planned and announced plants between 2019 and 2023, contributing around 59% of...
North America is expected to drive capacity growth in the global liquefied natural gas (LNG) liquefaction industry from planned and announced (new-build) projects between 2019...
China is expected to drive capacity growth of 34% in Asia and Oceania’s refinery crude distillation units (CDUs) from planned and announced (new-build) projects between...
Nigeria is expected to drive new-build crude distillation unit (CDU) capacity growth in the global refinery industry from planned and announced (new-build) projects during the...
India is set to drive the global ammonia industry growth from planned and announced plants between 2019 and 2030, contributing around 20% of the total...
There is considerable potential to raise the crude oil production in the Bakken shale play from the current level of approximately 1.44 million barrels of...
Vaca Muerta has been seen by multiple governments in Argentina as an engine for economic growth, creating expectations that almost never correspond to reality, says...
Asia is expected to lead the global LNG regasification industry capacity growth from new-build (planned and announced) projects between 2019 and 2023 with 63% share,...
The upstream sector is witnessing comparatively more implementations of the Industrial Internet compared to other oil and gas sectors. This is driven by the need...
Increased recovery projects in Norway will unlock substantial oil resources, driven predominantly by the majority state-owned Equinor, says GlobalData, a leading data and analytics company. Daniel...
Global polyethylene capacity is poised to see considerable growth over the next five years, potentially increasing from 110.12 million tonnes per annum (mtpa) in 2018...
China and Nigeria are expected to be the major contributors to the global refinery crude distillation unit (CDU) industry capacity growth from new-build and expansion...
