Oil & Gas

Permian production already a victim of oil price war

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...

26 March, 2020

Scoop-Stack shale play drilling activity driven by select counties in Oklahoma

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...

20 March, 2020

Russian oil and gas operators emerge on top despite the plummeting oil prices

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...

20 March, 2020

Production in Bakken formation expected to drop by 170 thousand boe per day in 2020

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...

19 March, 2020

Maka Central discovery needs at least 210 million boe recoverable resources to be economical, says GlobalData

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...

19 March, 2020

Uncertainty looms over oil and gas M&A deals landscape amidst coronavirus outbreak and drop in oil prices

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...

19 March, 2020

Asia to dominate global chlorine capacity additions by 2024, says GlobalData

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...

17 March, 2020

Russia to drive Former Soviet Union’s refining industry capacity growth by 2024

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...

16 March, 2020

Deepwater acreage will continue to attract significant company interest through 2020

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...

13 March, 2020

Asia to lead global polyethylene capacity additions by 2024, says GlobalData

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...

13 March, 2020

Saudi Oil price war unlikely to have quick end

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...

11 March, 2020

Denver-Julesburg Basin to grow production by 10% in 2020

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...

11 March, 2020

US shale supply badly hit by price war and forced to become more resilient

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...

11 March, 2020

Iran to dominate Middle East refining industry new-build capacity additions by 2024

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...

10 March, 2020

Scoop-Stack shale production anticipated to increase slightly despite a drop in rig count

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...

05 March, 2020

Nigeria set to drive African new-build refining capacity growth by 2024, says GlobalData

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...

26 February, 2020

India to spearhead global ammonia capacity additions by 2024, says GlobalData

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...

21 February, 2020

China to lead Asian refinery crude distillation unit capacity additions through 2024, says GlobalData

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...

20 February, 2020

Asia spearheads global refinery crude distillation unit new-build capacity additions through 2024, says GlobalData

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...

19 February, 2020

Asia to lead global ammonia capacity additions by 2024, says GlobalData

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...

18 February, 2020

Asia to dominate global refining industry by contributing 40% of new-build capacity growth by 2024, says GlobalData

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,...

17 February, 2020

Guyana, Mauritania and Russia led global resource discoveries in 2019

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...

14 February, 2020

China set to dominate Asian refining industry by contributing 44% of new-build capacity growth by 2024, says GlobalData

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,...

14 February, 2020

Upstream sector led global oil and gas M&A deals in 2019

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...

11 February, 2020

Pemex responsible for Zama’s uncertainty in FID by delaying drilling operations at its portion of the field

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...

10 February, 2020

China National Chemical Engineering records major petrochemical facilities contract in Russia during Q4 2019

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...

06 February, 2020

Russia counts on oil production growth even as it agrees to OPEC+ production cuts, says GlobalData

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...

05 February, 2020

Emphasis on maintaining capital discipline driving M&A activity in the oil and gas industry

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...

05 February, 2020

Russian and Norwegian companies to drive oil and gas industry in the Arctic, says GlobalData

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...

03 February, 2020

UK-EU oil and gas ties to remain strong post-Brexit

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...

03 February, 2020

African LNG promise dependent on financing and politics

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...

31 January, 2020

North America incurs highest crude oil refinery maintenance globally in 2019, says GlobalData

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...

27 January, 2020

ExxonMobil to lead global ethylene capacity additions by 2030, says GlobalData

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,...

27 January, 2020

China accounted for 41% of Asia’s crude oil refining capacity under maintenance in 2019, says GlobalData

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...

23 January, 2020

2020 oil and gas FIDs mark growth in importance of gas

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...

23 January, 2020

ExxonMobil Fuels incurs highest crude oil refinery maintenance globally in 2019

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...

22 January, 2020

Russia to lead with 84% of FSU’s new-build trunk pipeline length additions by 2023

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...

21 January, 2020

Sheer volume of data being created by oil and gas companies driving adoption of big data, says GlobalData

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...

21 January, 2020

Middle East set to contribute 17% of global new-build trunk petroleum products pipeline length additions by 2023

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...

16 January, 2020

Oil and gas companies getting attracted towards enormous resource potential of the Arctic region, says GlobalData

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...

16 January, 2020

Saudi Aramco still betting on oil expansions

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...

15 January, 2020

Asia and Middle East set to contribute 30% of global new-build crude oil trunk pipeline length additions by 2023, says GlobalData

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...

13 January, 2020

North America to contribute 51% of global new-build crude oil trunk/transmission pipeline length additions by 2023, says GlobalData

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...

09 January, 2020

Asia leads global new-build trunk/transmission petroleum products pipeline length additions by 2023

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...

09 January, 2020

Asia to account for half of global petrochemical capacity additions by 2030, says GlobalData

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...

09 January, 2020

Iran set to contribute 43% of the Middle East’s new-build trunk pipeline length additions by 2023

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...

09 January, 2020

Low natural gas prices drive Comstock Resources to increase assets in Haynesville, boosting gas production by over 70%

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...

08 January, 2020

Nigeria to contribute 35% of Africa’s new-build trunk pipeline length additions by 2023, says GlobalData

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,...

07 January, 2020

Norway to achieve highest crude and condensate production from greenfield projects in Northwest Europe in 2025, says GlobalData

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...

07 January, 2020

Wider market context limits effect of US-Iran tensions on oil market

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...

06 January, 2020

Asia to lead global ethylene capacity additions by 2030, says GlobalData

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...

30 December, 2019

India set to contribute 53% of Asia’s new-build trunk pipeline length additions by 2023, says GlobalData

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...

24 December, 2019

Equinor ASA leads with highest crude and condensate production in Northwest Europe from greenfield projects in 2025

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,...

23 December, 2019

China to lead global ethylene capacity additions by 2030, says GlobalData

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...

19 December, 2019

Shorter-cycle investments, shift to natural gas and adoption of new technologies to characterize oil and gas industry in 2020, says GlobalData

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...

19 December, 2019

Buzios and other pre-salt projects will cement Petrobras’ dominant position in South America

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...

19 December, 2019

African licensing round opportunities to remain strong in 2020, although uptake could still be limited

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...

16 December, 2019

Bleak outlook for natural gas output expected for Northwest Europe

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...

12 December, 2019

China heralds major energy reform with new national pipeline company, says GlobalData

Following the news that China has officially launched a new state-owned oil and gas pipeline company – China Oil & Gas Piping Network Corp.– in...

11 December, 2019

Ocean LNG leads global long-term LNG contracted capacity signed by purchasing companies in 2019, says GlobalData

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,...

09 December, 2019

China to lead global acrylic acid capacity additions by 2023, says GlobalData

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%...

09 December, 2019

US to lead global new-build oil and gas trunk pipeline length additions by 2023

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...

05 December, 2019

Gazprom leads global new-build oil and gas trunk pipeline length additions by 2023

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...

03 December, 2019

China to account for 27% of global petrochemical capacity additions by 2030, says GlobalData

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...

28 November, 2019

North America and Asia set to contribute 55% of global new-build trunk pipeline length additions by 2023

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...

27 November, 2019

Asia set to drive global phenol capacity growth by 2023, says GlobalData

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...

26 November, 2019

Data centers provide pivotal role in data processing and warehousing in the oil and gas industry

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,...

25 November, 2019

Asia set to drive global acetone capacity additions by 2023, says GlobalData

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...

21 November, 2019

Increasing emphasis placed on asset management in oil and gas operations, says GlobalData

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...

20 November, 2019

US signs the highest long-term LNG export contract volumes globally for 2019

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...

20 November, 2019

China to lead global propylene oxide capacity additions by 2023, says GlobalData

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...

20 November, 2019

Recent M&A activity has altered the competitive landscape of Haynesville shale play, says GlobalData

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...

18 November, 2019

Asia set to contribute 72% of global purified terephthalic acid capacity additions by 2023, says GlobalData

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,...

14 November, 2019

Haynesville Shale expected to play crucial role in meeting future natural gas demand

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...

12 November, 2019

Oil and gas companies embracing virtual reality technology to enhance operations, says GlobalData

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...

12 November, 2019

Iran’s giant oil discovery brings little material benefit under sanctions

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...

11 November, 2019

West of Shetland production to overtake North Sea for Shell and BP’s UK portfolios by 2020

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...

07 November, 2019

Saudi Aramco and ADNOC boosts global oil and gas contracts activity in Q3 2019

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...

06 November, 2019

Egypt’s EGPC saw highest number of oil and gas discoveries in Q3 2019, says GlobalData

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...

05 November, 2019

VR technology supports oil and gas plant simulation and skill development

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...

31 October, 2019

Iran to lead global maleic anhydride capacity additions by 2023

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...

29 October, 2019

Algeria’s hydrocarbons bill proposes improved fiscal terms, but internal politics may reduce investment

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...

25 October, 2019

Petrobras set to drive global FPSO deployments by 2025

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...

23 October, 2019

South America and Europe led globally with highest number of oil and gas discoveries in Q3 2019

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...

23 October, 2019

Kuwait Petroleum leads global new-build LNG regasification capacity additions by 2023

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)...

22 October, 2019

Brazil continues to dominate globally with highest number of FPSO deployments by 2025

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...

22 October, 2019

Asia set to contribute 56% of global new-build LNG regasification capacity growth by 2023, says GlobalData

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...

21 October, 2019

China set to contribute 59% of Asia and Oceania’s liquids storage capacity growth by 2023, says GlobalData

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...

17 October, 2019

US will contribute 73% of global LNG liquefaction capacity growth by 2023

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...

16 October, 2019

Norwegian Barents Sea requires continued exploration to sustain long-term growth

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...

16 October, 2019

Hengli Petrochemical (Dalian) to lead global purified terephthalic acid capacity additions by 2023, says GlobalData

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...

16 October, 2019

Venture Global Partners to lead global new-build LNG liquefaction capacity additions by 2023

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...

15 October, 2019

Asia set to lead global Acrylonitrile-Butadiene-Styrene capacity additions by 2023, says GlobalData

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%...

15 October, 2019

Asia set to lead global EO capacity additions by 2023, says GlobalData

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%...

14 October, 2019

India leads with 18% of global LNG regasification capacity additions from new-build projects by 2023, says GlobalData

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,...

10 October, 2019

3D printing promises enhanced operational efficiency and business growth for the oil and gas industry, says GlobalData

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...

10 October, 2019

The Middle East set to propel global acetic acid capacity additions by 2023, says GlobalData

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...

10 October, 2019

China to lead global purified terephthalic acid capacity additions by 2023, says GlobalData

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...

09 October, 2019

US set to contribute 85% of North America’s liquids storage capacity growth by 2023

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...

04 October, 2019

Asia to account for over 50% of global EDC capacity additions between 2019 and 2023, says GlobalData

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...

03 October, 2019

China to contribute 46% to global phthalic anhydride capacity in 2019, says GlobalData

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...

01 October, 2019

Nigeria to account for 50% of Africa’s crude distillation unit capacity growth by 2023

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...

30 September, 2019

North America to contribute 82% of global LNG liquefaction capacity additions by 2023

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...

26 September, 2019

Gazprom to lead global gas processing capacity additions by 2023

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...

24 September, 2019

Asia and Middle East to drive entire global expandable polystyrene capacity growth by 2023, says GlobalData

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...

24 September, 2019

US to contribute 24% of new-build capacity growth to global gas processing industry by 2023

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...

20 September, 2019

Kuwait Petroleum Corp to lead global refinery crude distillation unit capacity additions by 2023

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...

19 September, 2019

Oil production in Brazil boosted by growth of international oil companies

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...

19 September, 2019

Asia to drive global ethylbenzene capacity additions by 2023, says GlobalData

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...

19 September, 2019

India set to lead global SBR capacity additions by 2023, says GlobalData

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%...

19 September, 2019

Dangote Industries to lead global ammonia capacity growth between 2019 and 2030

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...

18 September, 2019

Iraq set to contribute 38% of Middle East’s crude distillation units capacity growth by 2023

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,...

17 September, 2019

US to contribute 40% of global new-build small-scale LNG liquefaction capacity additions by 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...

17 September, 2019

Saudi oil outage may test US abilities as swing producer

Following the September 14 attacks on oil infrastructure in Saudi Arabia, Will Scargill, Managing Oil & Gas Analyst at GlobalData, a leading data and analytics...

16 September, 2019

Fortress Investment Group to lead global small-scale LNG liquefaction capacity additions by 2023

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...

16 September, 2019

China Petrochemical likely to add 9% of new-build liquids storage global capacity growth by 2023, says GlobalData

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...

16 September, 2019

Expanded East-West Pipeline will provide limited protection for Saudi Arabia

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...

12 September, 2019

Drones becoming integral to oil and gas operations as companies target efficiency gains

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...

06 September, 2019

Wearable tech poised to increase workforce safety and productivity in oil and gas operations

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,...

05 September, 2019

Asia set to drive global new-build liquids storage capacity with 43% share by 2023, 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...

05 September, 2019

Asia leads global refinery crude distillation unit capacity additions with 36% of new-build capacity growth by 2023, says GlobalData

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...

04 September, 2019

China set to lead global ethylbenzene capacity additions by 2023, says GlobalData

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...

30 August, 2019

North America to drive global LNG liquefaction industry contributing 73% of new-build capacity growth by 2023

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...

29 August, 2019

China set to contribute 34% of Asia and Oceania’s crude distillation units’ capacity growth by 2023, says GlobalData

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...

29 August, 2019

Asia and the Middle East to lead global SBR production capacity additions by 2023

Asia and the Middle East are set to lead the global styrene-butadiene-rubber (SBR) production capacity as they are poised to see moderate growth over the...

28 August, 2019

Nigeria to drive global refinery CDU industry contributing 13% of new-build capacity growth by 2023

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...

27 August, 2019

India to drive global ammonia industry growth between 2019 and 2030, says GlobalData

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...

27 August, 2019

Bakken shale production growth will be constrained by flaring restrictions and infrastructure bottlenecks

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...

21 August, 2019

Large volumes of LNG exports from Argentina far from being reality due to production not meeting demand

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...

20 August, 2019

Asia leads global LNG regasification industry with 63% capacity growth from new-build projects by 2023, says GlobalData

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,...

20 August, 2019

Upstream sector emerging as the epicenter for Industrial Internet adoption

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...

07 August, 2019

Substantial oil resources to be unlocked in Norway through increased recovery projects

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...

07 August, 2019

China to spearhead global liquids storage capacity growth by 2023, says GlobalData

China is expected to lead the global capacity growth of planned and announced liquids storage terminals by 2023, accounting for 26% of global new-build liquids...

25 July, 2019

Iran, Russia and US to drive global methanol capacity additions by 2030, says GlobalData

Iran, Russia and the US are expected to drive the global methanol industry growth from planned and announced plants between 2019 and 2030. Together these...

24 July, 2019

India needs to address key issues plaguing pipelines sector to achieve goal of raising natural gas share in energy mix, says GlobalData

India plans to spend around US$10.2bn on the expansion of its natural gas pipeline network across the country to raise the share of natural gas...

23 July, 2019

India to contribute 35% of Asia and Oceania’s LNG regasification capacity growth in 2023, says GlobalData

India is expected to drive capacity growth in Asia and Oceania’s liquefied natural gas (LNG) regasification industry from planned and announced (new-build) projects between 2019...

22 July, 2019

China to drive global propylene industry growth between 2019 and 2030, says GlobalData

China is expected to drive the global propylene industry growth from planned and announced plants between 2019 and 2030, contributing around 33% of the total...

18 July, 2019

India leads globally on urea capacity additions by 2030, says GlobalData

India is expected to drive the global urea industry growth from planned and announced plants between 2019 and 2030, contributing around 24% of the total...

04 July, 2019

Susquehanna county drives natural gas production in Marcellus Shale in US, says GlobalData

Majority of the drilling and production activity in the Marcellus shale continues to take place in northeast and southwest of Pennsylvania, especially in Susquehanna and...

03 July, 2019

Brazil leads global offshore crude and condensate production from new-build projects in 2025, says GlobalData

Brazil alone is expected to contribute around 18% or 1,455 thousand barrels per day (mbd) of global crude oil and condensate production from key offshore...

02 July, 2019

China and India to lead global polypropylene capacity additions by 2023, says GlobalData

Global polypropylene capacity is poised to see a considerable growth of 48% from 80.39 million tonnes per annum (mtpa) in 2018 to 118.66 mtpa in...

24 June, 2019

Asia and North America to lead global ethylene capacity additions by 2023, says GlobalData

Global ethylene capacity is poised to register a considerable growth of 40% from 189.13 million tonnes per annum (mtpa) in 2018 to 264.13 mtpa in...

21 June, 2019

Oil and gas industry gearing up for robotics adoption to drive productivity and efficiency, says GlobalData

The oil and gas industry is gearing up to deploy robotics across a wide range of applications in the upstream, midstream and downstream segments, primarily...

19 June, 2019

China’s NOCs to be fourth highest upstream investors in Africa over next five years, says GlobalData

China’s national oil companies (NOCs) are increasingly investing in Africa to secure oil supplies to help feed surging domestic energy demand. As a result, their...

19 June, 2019

Asia and North America to lead global polyethylene capacity additions by 2023

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...

12 June, 2019

Israel will emerge as gas exporter in Eastern Mediterranean region by mid-2020s, says GlobalData

Israel has gone through an energy production revolution owing to discoveries of natural gas resources such as the Tamar and Leviathan fields over the past...

11 June, 2019

Russia will account for highest liquids production from new-build projects in Former Soviet Union in 2025, says GlobalData

Russia is set to account for 92% of the Former Soviet Union’s (FSU’s) total crude and condensate (liquids) production in 2025 from planned and announced...

07 June, 2019

North America and Asia lead global new-build capacity growth in LNG liquefaction and regasification industries, says GlobalData

North America and Asia are expected to lead capacity growth in the global LNG liquefaction and regasification industries from planned and announced (new-build) projects, respectively...

06 June, 2019

Russia to contribute 32% of global new-build underground gas storage capacity growth by 2023, says GlobalData

Russia is expected to drive the growth in the global underground gas storage industry between 2019 and 2023, contributing around 32% of the working gas...

04 June, 2019

Growth of CTO/MTO projects in China may decelerate as government intensifies efforts to meet clean energy goals, says GlobalData

New coal-to-olefins (CTO)/methanol-to-olefins (MTO) projects in China are expected to face the risk of delay due to the government’s intensified efforts to reduce pollution by...

29 May, 2019

US and India lead new-build capacity growth in global LNG liquefaction and regasification industries, says GlobalData

The US and India are expected to lead capacity growth in the global LNG liquefaction and regasification industries from planned and announced (new-build) projects, respectively...

28 May, 2019

India’s phenol capacity expected to grow tenfold to 2022, forecasts GlobalData

India’s phenol plant capacity is forecasted to grow at a compound annual growth rate (CAGR) of 60.2% from 0.074 million tonnes per annum (mtpa) in...

24 May, 2019

Packaging industry will drive polypropylene growth in India over next four years, says GlobalData

Packaging industry, which accounted for a share of 28.8% of the polypropylene demand in India in 2017, is set to drive the country’s polypropylene plant...

23 May, 2019

Predictive maintenance gains greater significance in oil and gas industry, says GlobalData

The importance of predictive maintenance has increased in oil and gas operations against the backdrop of aging infrastructure and volatile crude pricing, according to GlobalData,...

23 May, 2019

Purified Terephthalic Acid (PTA) capacity will grow at CAGR of 3.9% in China over the next four years, says GlobalData

China’s Purified Terephthalic Acid (PTA) plant capacity is forecasted to grow at a compound annual growth rate (CAGR) of 3.9% from 43.850 million tonnes per...

22 May, 2019

India will become net exporter of Purified Terephthalic Acid over next four years, says GlobalData

India is set to become a net exporter of Purified Terephthalic Acid (PTA) over the next four years as exports of PTA are expected to...

22 May, 2019

Permian Basin continues to be growth engine of US onshore hydrocarbon production, says GlobalData

Abundant hydrocarbon reserves and the ability to drill longer laterals has made Permian Basin the most prolific shale play in the world, according to GlobalData,...

07 May, 2019

Indonesia and Malaysia dominate oil and gas production outlook from greenfield projects in Southeast Asia over next six years, says GlobalData

Indonesia and Malaysia will contribute around 80% of the Southeast Asia’s total crude production from eight planned and announced projects in 2025, according to GlobalData,...

02 May, 2019

China’s Styrene-Butadiene Rubber industry continues to be import dependent in medium term, says GlobalData

The imports of Styrene-Butadiene Rubber (SBR) production in China is expected to grow at a compound annual growth rate (CAGR) of 11.8% from 0.454 million...

25 April, 2019

Norway leads globally with highest number of oil and gas discoveries in Q1 2019, says GlobalData

Norway had the highest number of oil and gas discoveries globally in the first quarter (Q1) of 2019 with five discoveries. Of these, three were...

23 April, 2019

Technological advancements are enabling companies to deploy digital oilfields in exploration and production operations, says GlobalData

Over the last 15 years, the adoption of digital oilfields has gained impetus due to advancements in technologies for sensing, automation, connectivity and data analytics,...

22 April, 2019

Asia will contribute 46% of global new-build liquids storage capacity in 2023, says GlobalData

Asia will be the global leader in terms of new-build liquids storage capacity during the outlook period with 43,315 thousand cubic meters (mcm), according to...

02 April, 2019

China will spearhead global planned liquids storage capacity in 2023, says GlobalData

China is expected to be the major contributor to the growth of the global planned liquids storage industry between 2019 and 2023, according to GlobalData,...

01 April, 2019

Asia leads global liquids storage capacity growth by 2023, says GlobalData

Asia is forecast to be the major contributor to the growth of the global liquids storage industry by 2023, accounting for around 33% of the...

22 March, 2019

Asia will contribute 49% of global petrochemical capacity additions by 2030, says GlobalData

Asia is forecast to be the major contributor to the growth of the global petrochemical industry by 2030, accounting for around 49% of the global...

21 March, 2019

Asia will contribute 40% of global refinery hydrocracking units capacity additions by 2023, says GlobalData

Asia is expected to be the major contributor to the growth of the global refinery hydrocracking units industry between 2019 and 2023, according to GlobalData,...

15 March, 2019

China and Nigeria to propel capacity growth in the global refinery crude distillation units industry to 2023

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...

14 March, 2019

Translating new upstream development opportunities into tangible production increases will be key for China, says GlobalData

A steadily expanding economy and growing urbanization has led to rapid domestic energy consumption and made China increasingly dependent on foreign oil and gas. To...

08 March, 2019