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Oil & Gas

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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Continental Resources’ Delaware asset acquisition sees production forecasts reaching 390,000boed in 2022, says GlobalData

Continental Resources’ decision to acquire Pioneer Natural Resources’ Delaware Basin assets will raise the company’s production by around 58,000 barrels of oil equivalent a day (boed) to reach 390,000 in 2022, according to GlobalData, which notes that this is in comparison to the prediction of 335,000boed the company was expected to produce if the acquisition […]
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Pakistan to add significant LNG regasification capacity through 2025 to meet rising gas demand, says GlobalData

Pakistan is expected to register significant LNG regasification capacity additions in Asia between 2021 and 2025, contributing about 11% of the region’s total capacity additions by 2025. The increasing gas demand from the domestic and industrial sectors, especially from the power generation segment, is driving the regasification capacity additions in the country, says GlobalData, a […]
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Market deregulation and rising demand drive China to dominate LNG regasification additions in Asia through 2025, says GlobalData

China is expected to drive liquefied natural gas (LNG) regasification capacity additions in Asia between 2021 and 2025, contributing about 36% of the region’s total capacity additions by 2025. Ever-increasing natural gas demand, need to reduce carbon emissions and liberalization of domestic gas market (leading to growth in investments in regasification segment from non-government companies) […]
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India to lead global expandable polystyrene capacity additions by 2025, says GlobalData

India is expected to register the major expandable polystyrene (EPS) capacity additions globally between 2021 and 2025, contributing about 60% of the total capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Expandable Polystyrene (EPS) Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All […]
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Habour Energy’s Falkland Islands exit just one example of E&P wariness for new remote oil markets, says GlobalData

Harbour Energy’s intention to streamline its portfolio by focusing mainly on North Sea assets is noteworthy because the strategy includes the option to exit the $1.8bn Sea Lion project in the Falkland Islands. Leading data and analytics company GlobalData notes that many exploration and production (E&P) companies are putting de-risking strategies in effect due to […]
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India to dominate global styrene-butadiene-rubber capacity additions by 2025, says GlobalData

India is expected to register the highest styrene-butadiene-rubber (SBR) capacity additions globally between 2021 and 2025, contributing about 95% of the total capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Styrene-Butadiene-Rubber (SBR) Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and […]
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China to lead Asia LNG regasification capacity additions through 2025, forecasts GlobalData

China is expected to lead the Asia’s LNG regasification capacity additions, contributing 36% of the total LNG regasification capacity additions between 2021 and 2025, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Asia Capacity and Capital Expenditure Outlook for LNG Regasification Terminals, 2021–2025 –China Dominates LNG Regasification Capacity Additions and Capex Spending in […]
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