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GlobalData
GlobalData

Oil & Gas

Asia to account for more than half of global petrochemical capacity additions by 2030, forecasts GlobalData

Asia is expected to lead the global petrochemical industry capacity growth from new-build and expansion projects by 2030 with 57% share, according to GlobalData, a leading data and analytics company. GlobalData’s report ‘Global Petrochemicals Capacity and Capital Expenditure Outlook, 2021 – 2030 – Asia Leads Global Petrochemical Capacity Additions’, reveals that the total petrochemical capacity […]
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Qatar Petroleum signed biggest long-term LNG contract with CNOOC while Tellurian Investments signed most contracted volumes in 2021, says GlobalData

The number of long-term contracts for liquefied natural gas (LNG) has increased in 2021, following a drop in 2020 when short-term spot contracts were favoured, according to GlobalData. The leading data and analytics company notes that 23 long-term contracts were signed by key purchasing companies in 2021, compared to 10 in 2020. Bhargavi Gandham, Oil […]
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Strong petrochemicals demand drives projects’ starts in Malaysia through 2025, forecasts GlobalData

Malaysia is likely to witness start of operations of 31 petrochemicals projects from 2021 to 2025 driven by robust demand for petrochemicals, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Global Petrochemicals New-Build and Expansion Projects Outlook, 2021-2025’ reveals that out of 31 projects expected to commence operations in Malaysia, polyethylene […]
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India to witness significant petrochemicals project starts through 2025 to meet growing demand, says GlobalData

India is likely to start the operations of 281 petrochemicals projects from 2021 to 2025, accounting for nearly 34% of the total upcoming petrochemicals project starts in Asia by 2025, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Global Petrochemicals New-Build and Expansion Projects Outlook, 2021-2025’, reveals that out of the […]
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Robotics essential to the oil and gas industry, as technological advancements increase the tasks they can undertake, according to GlobalData

Robot renting — also known as the robot as a service (RaaS) — is expected to revolutionize the way oil & gas (O&G) companies approach robotics, according to GlobalData. The leading data and analytics company notes that industry leaders such as BP, Equinor, ExxonMobil, and Shell are increasingly testing autonomous robots in their facilities, with […]
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China to dominate new petrochemicals projects in Asia through 2025, forecasts GlobalData

China is likely to commence the operations of 412 petrochemicals projects between 2021 and 2025, accounting for about 50% of the total upcoming petrochemicals project starts in Asia by 2025, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Global Petrochemicals New-Build and Expansion Projects Outlook, 2021-2025’ reveals that out of 412 […]
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Novatek hopes to replicate successful LNG strategy to become leader in low-carbon ammonia and blue hydrogen, says GlobalData

Russian producer Novatek’s planned ammonia-hydrogen complex will allow it to replicate its success in liquefied natural gas (LNG) and get an early foothold on the blue ammonia and hydrogen markets, according to GlobalData. The leading data and analytics company notes that Novatek’s new project is anticipated to generate 120 thousand tons per annum (kpta) of […]
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