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India is expected to drive the liquids storage projects count in Asia, contributing about 40% of the region’s total liquids storage projects count during 2022 to 2026, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Liquids Storage New-Build and Expansion Projects Analytics and Forecast by Project Type, Regions, Countries and Development […]
China to lead Asia’s refinery CDU capacity additions through 2026, says GlobalData
China is expected to lead Asia’s refinery crude distillation unit (CDU) capacity additions, contributing about 48% of the regions’ total CDU capacity additions between 2022 and 2026, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Refining Industry Market Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All […]
Electric vehicles are expected to account for more than 33% of new car sales worldwide by 2031, says GlobalData
Electric vehicle (EV) sales have reached record numbers in recent years, with annual sales projected to increase ten-fold in the next 15 years, especially in China and Europe, due to favorable policies and auto manufacturer commitments, according to GlobalData. The leading data and analytics company observes that 18 countries have set goals to completely end […]
Asia continues to drive global refinery CDU capacity additions through 2026, says GlobalData
Asia is expected to witness the highest crude distillation unit (CDU) capacity additions globally contributing about 47% of the total CDU capacity additions by 2026, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Refining Industry Market Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active […]
China to add around 61% of total methanol capacity additions in APAC through 2026, finds GlobalData
China is expected to play a significant role by adding a capacity of 21.58 mtpa of methanol capacity additions by 2026 among Asia-pacific (APAC) countries. It contributes around 61% of the total capacity additions in the APAC region by 2026, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Methanol Industry Installed Capacity and […]
Leading oil and gas companies are tapping into digital technologies to improve productivity and profitability, says GlobalData
Digitalization, which involves the adoption of digital technologies such as artificial intelligence (AI), big data, cloud computing, cybersecurity, the Internet of Things (IoT), and robotics in day-to-day oil and gas operations, is enabling the industry to improve productivity and profitability by streamlining operations and cutting costs, says GlobalData, a leading data and analytics company. According […]
Global oil and gas contracts stifled in Q1 2022 as a result of rising inflation and the Russia-Ukraine conflict, says GlobalData
At the start of Q1 2022, global oil and gas industry contract activity was stifled due to the Russia-Ukraine conflict. However, in the second half of the quarter a minor increase in the number of contracts was reported. Unfortunately, the industry was unable to maintain its position in terms of contract value compared to the […]
Oil and gas majors look to carbon capture to diversify revenue streams after committing to 2050 net zero emission target, says GlobalData
As the energy transition heats up, many oil and gas companies have begun to recognize the writing on the wall and commit to net zero emissions by 2050 or sooner, according to GlobalData. Carbon capture, utilization, and storage (CCUS) is seen as a path for oil and gas companies to reach those targets while generating […]
Asia to lead global small-scale LNG liquefaction capacity additions through 2026, finds GlobalData
Asia is expected to witness the highest small-scale LNG liquefaction capacity additions globally during 2022 to 2026, contributing about 27% of the total global small-scale LNG liquefaction capacity additions by 2026, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Small-Scale LNG Liquefaction Capacity and Capital Expenditure (CapEx) Forecast by Region, Countries and Companies […]
Nigeria will account for 24% of oil and gas projects commencing operations in Africa by 2026, says GlobalData
Nigeria is expected to witness 109 oil and gas projects to commence operations across the value chain during the next four years, accounting for more than 24% of the predicted total projects starts during that time, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Africa Oil and Gas Projects Analytics and Forecast by Project […]
M&A deal activity in the oil and gas industry declined by 41% in terms of value in Q1 2022 compared to Q4 2021, says GlobalData
Mergers and acquisitions (M&A) deal activity in the oil and gas industry witnessed a decline in terms of value in Q1 2022, despite favorable production economics, according to GlobalData. The leading data and analytics company notes that the decline was observed across most regions except China in the Asia-Pacific (APAC) region, where the deal value […]
China to drive Asia’s small-scale LNG liquefaction capacity additions through 2026, says GlobalData
China is expected to dominate Asia’s small-scale LNG liquefaction capacity additions, contributing about 99% of the capacity additions between 2022 and 2026, says GlobalData, a leading data and analytics company. GlobalData’s report ‘Small-Scale LNG Liquefaction Capacity and Capital Expenditure (CapEx) Forecast by Region, Countries and Companies including details of New Build and Expansion (Announcements and […]
The US to witness the highest liquefaction projects starts in North America by 2026 due to Russia-Ukraine conflict, says GlobalData
The US is set to drive North America’s upcoming liquefied natural gas (LNG) liquefaction projects count by 2026, contributing around 68% of the total project starts during 2022 to 2026, says GlobalData, a leading data and analytics company. As a result of Russia’s invasion of Ukraine, upcoming LNG exports projects in the US have received […]
Augmented reality will be a vital tool for bridging the oil and gas industry’s skills gap, says GlobalData
The oil and gas industry’s aging workforce will create a skills gap in the long term, leaving the industry vulnerable to disruption. AR will be integral to developing the knowledge of experienced members of the workforce and training younger workers. The market value of enterprise AR will reach $100 billion in 2030, with the oil […]
China to lead global ethylene capacity additions through 2030, forecasts GlobalData
China is expected to register the highest ethylene capacity additions in Asia contributing about 61% share of the region’s capacity additions by 2030, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Ethylene Market Capacity and Capital Expenditure (CapEx) Forecast by Region, Top Countries and Companies, Feedstock, Key Planned and Announced Projects, 2021-2030’ reveals […]
India to lead Asia’s LNG regasification projects starts through 2026, finds GlobalData
Asia is expected to lead the LNG regasification projects starts among the regions globally from 2022 to 2026. India is anticipated to be one of the primary countries to drive Asia’s LNG regasification projects count by 2026, contributing around 21% of projects starts, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘LNG […]
Asia to account 61% of global ethylene capacity additions through 2030, finds GlobalData
Asia is expected to lead the global ethylene industry capacity growth from new-build and expansion projects by 2030 with a share of 61%, according to GlobalData, a leading data and analytics company. GlobalData’s report ‘Ethylene Market Capacity and Capital Expenditure (CapEx) Forecast by Region, Top Countries and Companies, Feedstock, Key Planned and Announced Projects, 2021-2030’ […]
China to spearhead Asia chlorine capacity additions through 2026, forecasts GlobalData
China is expected to register the highest chlorine capacity additions in Asia between 2022 to 2026, contributing about 48% of the total capacity additions by 2026, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Chlorine Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants, 2021-2026’, reveals that China […]
2022 predictions: GlobalData identifies the 20 themes with the most impact on the oil and gas industry in 2022
Companies in the oil and gas sector have the most chance of success when they invest in the right themes. According to GlobalData, hydrogen, liquefied natural gas (LNG), and environment, social and governance (ESG) could be defining themes in the oil and gas sector in the coming decade. The leading data and analytics company’s report, […]
US shale production is expected to stay robust following strong recovery in 2021, says GlobalData
Crude oil production in the US has recovered considerably from the lows seen during the first wave of the COVID-19 pandemic and the brief price war between Saudi Arabia and Russia. The country produced approximately 11.5 million barrels per day (mmbd) of crude oil in February 2022, a 19% gain over the May 2020 production […]