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Energy

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ConocoPhillips asset acquisition set to make Chrysaor the leader in UK oil and gas production, with over 180,000 boed forecast in 2019

Following the recent news that ConocoPhillips is to sell its remaining UK upstream assets to Chrysaor Holdings for US$2.675bn, Daniel Rogers, Upstream Oil & Gas Analyst at GlobalData, a leading data and analytics company, estimates that Chrysaor will become a leader in UK oil and gas production and offers his insight on the transaction: “The […]
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Russia will contribute 91% of Former Soviet Union’s new-build underground gas storage capacity growth by 2023

Russia will drive growth in Former Soviet Union’s (FSU’s) planned and announced underground gas storage industry between 2019 and 2023, contributing around 91% of the working gas capacity growth in the region, according to GlobalData, a leading data and analytics company. The company’s report: ‘Underground Gas Storage Industry Outlook in Former Soviet Union to 2023 […]
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Eastern Europe failing to boost domestic gas production as a result of economic and political difficulties

Moscow expects to reinforce its position as Europe’s largest natural gas supplier with Russia’s construction of two new pipelines. However, some Eastern European countries are concerned by this and have introduced policies aimed at promoting the development of domestic gas resources, but these policies appear to fall short of the targets, says GlobalData, a leading […]
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Chevron’s deal with Anadarko creates leading oil producer in the US with forecast production of 1.6 mmboed in 2019

Following the recent news that Chevron Corp (Chevron) will acquire Anadarko Petroleum Corp (Anadarko) for US$33 billion, Jonathan Markham, Upstream Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the deal: “The acquisition is a continuation of Chevron’s recent focus on upstream operations in the US. The combined […]
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US will contribute 95% of North America’s new-build underground gas storage capacity growth by 2023

The US will drive growth in North America’s new-build underground gas storage industry between 2019 and 2023, contributing around 95% of the working gas capacity growth in the region, according to GlobalData, a leading data and analytics company. The company’s report: ‘Underground Gas Storage Industry Outlook in North America to 2023 – Capacity and Capital […]
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Italy will contribute 35% of Europe’s new-build underground gas storage capacity in 2023

Italy is expected to add around 249 billion cubic feet (bcf) of underground gas storage capacity between 2019 and 2023, from 14 planned and announced underground gas storage sites, according to GlobalData a leading data and analytics company. The company’s latest report: ‘Underground Gas Storage Industry Outlook in Europe to 2023 – Capacity and Capital […]
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North America is expected to add around 265 mtpa of LNG liquefaction capacity in 2023

North America will be the major contributor to the growth of global liquefied natural gas (LNG) liquefaction capacity between 2019 and 2023, accounting for around 72% of the total global capacity from planned and announced projects, according to GlobalData, a leading data and analytics company. The company’s report: ‘H1 2019 Global Capacity and Capital Expenditure […]
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Trinidad’s revenue-raising measures risk backfiring in long-term

Trinidad and Tobago is looking to attract exploration investment with a new offshore bid round. However, the introduction of a royalty imposed on investors may be counter-productive for the government in the longer term, according to GlobalData, a leading data and analytics company. Toya Latham, Oil and Gas Analyst for GlobalData commented: “The imposition of a 12.5% royalty, […]
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Asia will contribute 39% of global refinery fluid catalytic cracking units capacity additions by 2023

Asia is expected to be the major contributor to the growth of the global refinery fluid catalytic cracking units (FCCU) industry between 2019 and 2023, according to GlobalData, a leading data and analytics company. The company’s report: ‘Global Refinery Fluid Catalytic Cracking Units (FCCU) Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details […]
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Policy risks for Lebanon’s second offshore round despite stable fiscal terms

Political and economic instability may affect Lebanon’s second offshore licensing round, according to GlobalData, a leading data and analytics company. The company’s ‘Lebanon Upstream Fiscal and Regulatory Report’ states that Lebanon is expected to offer a stable fiscal framework for the second round, which comes amid continued interest in the Eastern Mediterranean from new discoveries […]
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Revival of Angola’s upstream sector will take time

The Angolan government has introduced a series of reforms to the upstream sector over the past year in an attempt to mitigate the rapid decline of existing fields. However, the rebound of the deepwater sector in Africa’s second largest oil producer still needs time, says GlobalData, a leading data and analytics company. Since the crash […]
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