Oil & Gas

Russia to dominate FSU’s gas processing capacity additions by 2025, says GlobalData

Russia is expected to dominate the Former Soviet Union (FSU) region in terms of the number of gas processing capacity projects expected to be planned or announced between 2021 and 2025, according to GlobalData. The leading data and analytics company notes that Russia will contribute around 77% of FSU additions by 2025. The mammoth increase […]

Oil & Gas

Angolan crude production expected to continue decline but marketed gas reaches record high of 720mmcfd in 2021

Angola’s crude oil production has seen a drastic decline of almost 30% in just six years, from 1.7 million barrels per day (mmbd) in 2015 to just shy of 1.2mmbd in 2021, according to GlobalData. The leading data and analytics company now expects further decline for the country through to 2025, which is forecast to […]

Oil & Gas

United States to account for 65% of North America’s gas processing capacity additions by 2025

The US is expected to lead North America’s planned and announced gas processing capacity additions projects over the next 5 years , contributing approximately 65% of the regions gas processing additions by 2025, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Gas Processing Industry Outlook in Europe, North America, and […]

Oil & Gas

BHP merger adds complications for Woodside’s energy transition narrative

The merger of BHP’s petroleum business with Australian oil and gas producer, Woodside. The deal adds significant oil production for Woodside and will ultimately lead to a more carbon intensive product base over the near term, says GlobalData, a leading data and analytics company. Daniel Rogers, Senior Oil and Gas Analyst at GlobalData, comments: “The […]

Oil & Gas

‘Climate change’ discussions in the O&G industry on the rise as US firms take action, says GlobalData

Climate policy is a hot topic in the oil & gas (O&G) industry, with the theme ‘Climate Change’ mentioned over 210,000 times in GlobalData’s Filing Analytics database of global O&G company filings in 2020 and 2021 combined – a 41% increase from the 2018-2019 period. The leading data and analytics company says that climate change […]

Oil & Gas

Former Soviet Union expected to lead global working gas capacity additions by 2025

The Former Soviet Union (FSU) is expected to lead the global planned and announced working gas capacity additions, contributing approximately 34% of the total global capacity additions by 2025, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Capacity and Capital Expenditure Outlook for Underground Gas Storage, 2021–2025 – Gazprom to Drive […]

Oil & Gas

Oil-producing countries could lose up to $82bn a year due to global gas flaring, says GlobalData

Gas flaring – the combustion of unwanted natural gas produced during oil recovery – is losing many oil-producing countries up to $82bn*, according to GlobalData. The leading data and analytics company notes that, even though technological solutions exist to avoid gas flaring, many countries persist with the activity – including developed countries such as the […]

Oil & Gas

European IOCs hold largest volumes of unsanctioned reserves in Sub-Saharan Africa, says GlobalData

Many international oil and gas companies (IOCs) are holding on to vast unsanctioned reserves in Sub-Saharan Africa, along with large numbers of discoveries with no semblance of associated development plans. With strategies leaning towards a lower carbon future and a shift away from high-risk investments, resources that no longer fit this narrative risk being left […]

Oil & Gas

US Lower 48 production is set to exceed pre-pandemic levels

The United States’ (US) oil production outlook is set to grow over the next five years from 10.96 million barrels per day (mmbd) in the beginning of 2021 and reach more than 12.9 mmbd by 2030. The biggest growth is expected to happen in the Permian Basin, where crude oil and condensate supply is projected […]

Oil & Gas

Brazil to lead crude and condensate production from upcoming projects in Americas in 2025

Brazil is expected to contribute about 48% or 1,350 thousand barrels per day (mbd) of Americas crude and condensate production in 2025 from planned and announced projects (new build projects, excluding the US L48), according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Americas Upstream Development Outlook, 2021–2025’, reveals that 1,164 mbd […]

Oil & Gas

Russia, China and Turkey to account for more than half of global working gas capacity additions by 2025, says GlobalData

Russia, China, and Turkey are expected to lead global working gas capacity additions, collectively contributing 54% of the total working gas capacity additions from planned and announced projects between 2021 and 2025, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Capacity and Capital Expenditure Outlook for Underground Gas Storage to 2025’, […]

Oil & Gas

Venezuela’s heavy oil project reserves will be left stranded as international players divest their interest, says GlobalData

Two international oil and gas players in Venezuela, TotalEnergies and Equinor, recently divested their respective 30.32% and 9.67% interest in the largest project, Petrocedeno, to the state-owned Petróleos de Venezuela S.A (PDVSA) company. According to GlobalData, this means that due to high risks and the unstable deteriorating economy in the country, international players no longer […]

Oil & Gas

Trinidad and Tobago to dominate natural gas production from upcoming projects in Americas in 2025, says GlobalData

Trinidad and Tobago is expected to contribute around 25% or 820 million cubic feet per day (mmcfd) of the Americas natural gas production in 2025 from planned and announced projects (new build projects, excluding the US L48), according to GlobalData, a leading data and analytics company. The company’s report, ‘Americas Oil and Gas Upstream Development […]

Oil & Gas

US to continue providing natural gas to Mexico and leading North America’s LNG exports, says GlobalData

Natural gas production in the US and Canada is expected to see 12% growth by 2025 from 2021 levels. Mexico, on the other hand, is forecasted to suffer a decline in domestic natural gas production by as much as 28% from 2021 to 2025, according to GlobalData. The leading data and analytics company notes that […]

Oil & Gas

India to drive Asia refinery hydrocracking unit capacity additions by 2025, says GlobalData

India is expected to contribute about 30% of the total refinery hydrotreater capacity additions in Asia between 2021 to 2025, the second highest in the region after China, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Refinery Hydrocracking Units Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All […]

Oil & Gas

India to make significant contribution to refinery VDU capacity additions in Asia by 2025, says GlobalData

India is expected to register the second highest refinery vacuum distillation unit (VDU) capacity additions in Asia between 2021 and 2025 after China, contributing about 26% of the total capacity additions, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Refinery Vacuum Distillation Units (VDU) Outlook to 2025 – Capacity and Capital Expenditure […]

Oil & Gas

Blue hydrogen to account for 85% of low-carbon hydrogen capacity in North America by 2030, says GlobalData

Hydrogen markets are taking off around the world, and GlobalData expects low-carbon hydrogen production in North America to nearly triple by 2030, reaching 1.4 million tons per annum (mtpa). The leading data and analytics company notes that North America’s transition has been driven by blue hydrogen, which is expected to make up 85% of low-carbon […]

Oil & Gas

Global cooperation essential to address gas flaring, according to GlobalData

The growing public awareness about global warming and climate change have catapulted world leaders to address the gas flaring issue. Global platforms such as the UN are encouraging countries to set themselves targets to reduce and subsequently eliminate gas flaring from oil and gas operations. Industry consortiums such as IPIECA and OGCI are designing framework […]

Oil & Gas

Middle East to spearhead global refinery condensate splitter capacity additions by 2025, says GlobalData

The Middle East is expected to register the highest refinery condensate splitter capacity additions globally between 2021 and 2025, contributing more than half of the total capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Refinery Condensate Splitter Units Outlook to 2025’, reveals that the Middle East is likely […]

Oil & Gas

Argentina introduces gas plan too late and forces purchase of LNG at record high prices, says GlobalData

Argentina’s Plan Gas IV, which aimed to incentivize natural gas production in the country, was introduced too late, according to GlobalData. The data and analytics company notes that the plan’s delays have meant production has not ramped up enough to get the country through the winter, and it will be forced to rely on importing […]

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Oil & Gas

Russia to dominate FSU’s gas processing capacity additions by 2025, says GlobalData

Angolan crude production expected to continue decline but marketed gas reaches record high of 720mmcfd in 2021

United States to account for 65% of North America’s gas processing capacity additions by 2025

BHP merger adds complications for Woodside’s energy transition narrative

‘Climate change’ discussions in the O&G industry on the rise as US firms take action, says GlobalData

Former Soviet Union expected to lead global working gas capacity additions by 2025

Oil-producing countries could lose up to $82bn a year due to global gas flaring, says GlobalData

European IOCs hold largest volumes of unsanctioned reserves in Sub-Saharan Africa, says GlobalData

US Lower 48 production is set to exceed pre-pandemic levels

Brazil to lead crude and condensate production from upcoming projects in Americas in 2025

Russia, China and Turkey to account for more than half of global working gas capacity additions by 2025, says GlobalData

Venezuela’s heavy oil project reserves will be left stranded as international players divest their interest, says GlobalData

Trinidad and Tobago to dominate natural gas production from upcoming projects in Americas in 2025, says GlobalData

US to continue providing natural gas to Mexico and leading North America’s LNG exports, says GlobalData

India to drive Asia refinery hydrocracking unit capacity additions by 2025, says GlobalData

India to make significant contribution to refinery VDU capacity additions in Asia by 2025, says GlobalData

Blue hydrogen to account for 85% of low-carbon hydrogen capacity in North America by 2030, says GlobalData

Global cooperation essential to address gas flaring, according to GlobalData

Middle East to spearhead global refinery condensate splitter capacity additions by 2025, says GlobalData

Argentina introduces gas plan too late and forces purchase of LNG at record high prices, says GlobalData

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