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With global leaders in search of energy solutions that help achieve decarbonization and enhance energy security, the global hydrogen energy transition market seems to be on track to becoming a major global energy source in its own right with the fuels use gathering momentum. Interest in the low carbon hydrogen as a way to accelerate […]
India to drive global vinyl acetate monomer capacity additions through 2025, says GlobalData
Asia is anticipated to lead the global planned and announced vinyl acetate monomer (VAM) capacity additions with a capacity of 1.41 mtpa by 2025. Within Asia, India is expected to lead the global VAM capacity additions, accounting 74% of the region’s capacity additions, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Vinyl […]
Overall global oil and gas contracts activity improved in Q4 2021, says GlobalData
In Q4 of 2021, the oil and gas industry has seen an increase of 77% in overall contract value however, there has been a decrease of 14% in the number of contracts says GlobalData, a leading data and analytics company. Pritam Kad, Oil & Gas Analyst at GlobalData, comments: “Notable contracts that made significant contributions […]
North America sees the highest crude oil refinery maintenance in 2021, says GlobalData
Around 42% of North America’s total crude oil refinery capacity was under planned and unplanned maintenance in 2021, with bad weather accounting for much of the unplanned maintenance, according to GlobalData. The leading data and analytics company notes that 10,210 thousand barrels per day (mbd) underwent either planned or unplanned maintenance—the highest worldwide. GlobalData’s report, […]
Petrochemical projects continue to dominate upcoming oil and gas projects starts in Saudi Arabia by 2026, says GlobalData
Petrochemical projects continue to dominate the commencement of upcoming projects across the oil and gas value chain in Saudi Arabia, accounting for around 60% of the total projects starts expected during 2022 to 2026, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Middle East Oil and Gas Projects Outlook to 2026 – Development […]
Haynesville Shale saw highest rise in natural gas rigs in US as WTI price recovers, says GlobalData
The US’s Haynesville Shale saw a 53% year-on-year (YoY) rise in the number of natural gas rigs in 2021, according to GlobalData. The leading data and analytics company notes that, while the play has not quite reached pre-COVID-19 levels, this rig addition was the largest in the US. GlobalData’s latest report, ‘Haynesville Shale in the […]
Long-awaited final investment decision would bring Uganda to top six oil producers in Africa, says GlobalData
Following the news that a final investment decision (FID) has been taken on Lake Albert Resources Development Project; Rami Khrais, Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view: “The FID for Lake Albert oil development is by far the second largest FID taken in the oil and gas […]
Marcellus and Utica shales in the US expected to witness steady production growth until 2025, says GlobalData
As natural gas appraisal and development processes in the US’s Marcellus and Utica shales were largely unaffected by COVID-19, natural gas production at these sites is expected to rise at a compound annual growth rate (CAGR) of 5.1% to reach a combined 38.3 billion cubic feet per day by 2025, according to GlobalData, a leading […]
JP Morgan and Citi were top M&A financial advisers by value and volume in oil & gas sector for 2021, finds GlobalData
JP Morgan and Citi were the top mergers and acquisitions (M&A) financial advisers in the oil & gas sector for 2021 by value and volume, respectively, according to GlobalData’s Financial Deals Database. The leading data and analytics company notes that JP Morgan advised on 29 deals worth $81.3 billion, which was the highest value among […]
North America continues to dominate global transmission pipeline length by 2025, says GlobalData
With its trunk/transmission pipeline network expected to reach a total length of 967,623 km by 2025, North America will continue to dominate global pipeline length with a maximum share of around 44%, says GlobalData, a leading data, and analytics company. GlobalData’s report, ‘Global Oil and Gas Pipelines Industry Outlook to 2025 – Capacity and Capital Expenditure […]
India to add 32% oil and gas transmission pipeline length additions through 2025, finds GlobalData
India is expected to register the second highest trunk/ transmission oil and gas pipelines network additions in Asia, accounting for 32% of the region’s total pipeline length additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Oil and Gas Pipelines Industry Outlook to 2025 – Capacity and Capital Expenditure Outlook […]
Pakistan to strengthen natural gas transmission pipeline network to meet growing gas demand, says GlobalData
Pakistan continues to strengthen its natural gas transmission pipeline network to meet the growing natural gas demand in the county. It accounts for more than 80% of the total upcoming transmission pipelines length additions by 2025, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Oil and Gas Pipelines Industry Outlook to […]
China to spearhead Asian polycarbonate capacity additions through 2025, forecasts GlobalData
China is expected to register the highest polycarbonate capacity additions in Asia between 2021 to 2025, contributing more than 50% of the total capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘ Global Polycarbonate Market Size and Forecast, 2021-2025 – Capacity and Capital Expenditure Forecasts with Details of All […]
Internet of Things is the backbone of digitalization for oil and gas, says GlobalData
Oil and gas (O&G) companies can no longer afford to ignore digitalization, says GlobalData, which notes that any O&G company that doesn’t start to modernize now risks going under. The leading data and analytics company highlights Internet of Things (IoT) technologies such as digital twins have the potential to be the backbone of digitalization in […]
China to lead Asia’s oil and gas transmission pipeline length additions through 2025, finds GlobalData
China is expected to lead the trunk/ transmission oil and gas pipelines network in Asia, accounting for 39% of the region’s total pipeline length by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Oil and Gas Pipelines Industry Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All […]
ExxonMobil’s ‘scope 3’ emissions set to rise despite ‘net zero’ pledge, says GlobalData
Following ExxonMobil’s announcement of an ambition to achieve net-zero emissions for operated assets by 2050; Will Scargill, Managing Energy Analyst at GlobalData, a leading data and analytics company, offers his view on the company’s strategy: “Today’s announcement brings Exxon in line with the other five supermajors, which had all previously announced targets for net zero […]
Asia set to drive global polycarbonate capacity additions through 2025, says GlobalData
Asia is likely to lead the global polycarbonate capacity additions with a capacity of 2.66 million tons per annum (mtpa) by 2025. In Asia, China accounts for more than half of the region’s capacity additions and it is expected to lead the global polycarbonate capacity additions among the countries, says GlobalData, a leading data and […]
Natural gas shortage drove steep increase in carbon prices in 2021, says GlobalData
During 2021, emissions trading schemes (ETS) around the world saw record-high carbon prices, with the highest seen in the EU and UK. However, GlobalData notes that prices worldwide are still inadequate to reduce emissions in line with the Paris Agreement. The leading data and analytics company highlights that only 22% of greenhouse gases are explicitly […]
Iran leads midstream project starts in the Middle East by 2025, says GlobalData
Iran is likely to set to start operations at 27 midstream oil and gas projects between 2021 and 2025, accounting for 22% of upcoming midstream projects in the Middle East, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Middle East Midstream New-Build and Expansion Projects Outlook, 2021-2025’, highlights that transmission projects […]
China to lead global petrochemical capacity additions by 2030, forecasts GlobalData
The global petrochemical capacity is poised to see a considerable growth by 2030. It is set to potentially increase from 2,214.9 million tons per annum (mtpa) in 2020 to 3,103.6 mtpa in 2030 registering a total growth of 40%. China is expected to account for 29% of the global petrochemical capacity additions by 2030, forecasts […]