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India is expected to register the second highest refinery hydrotreater capacity additions in Asia between 2021 and 2025, contributing about 35% of the total capacity additions through 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Refinery Hydrotreater Units Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All […]
Global oil and gas contracts activity in Q2 2021 declined by 7%
Oil and gas contract activity declined following the relatively stable activity in Q1 2021, with the industry recording a seven percent decrease in the number of contracts and a significant decrease in disclosed contract value in Q2 2021, according to GlobalData, a leading data and analytics company. The latest report by GlobalData, ‘Q2 2021 Global […]
China to spearhead Asia refinery hydrotreater capacity additions by 2025, says GlobalData
China is expected to register the highest refinery hydrotreater capacity additions in Asia between 2021 and 2025, contributing about 50% of the total capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Refinery Hydrotreater Units Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating […]
Blockchain technology could be instrumental in cutting down oil and gas operational costs, says GlobalData
In light of the prevailing uncertainty in global energy demand, there is a heightened focus on cost reduction across all functions in the oil and gas industry. Leading players are seeking to simplify transaction processing using blockchain to boost operational efficiency and minimize compliance issues, says GlobalData, a leading data and analytics company. According to […]
Asia to spearhead global refinery alkylation capacity additions by 2025, says GlobalData
Asia is expected to register the highest refinery alkylation capacity additions globally between 2021 and 2025, contributing about 61% of the total capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Refinery Alkylation Units Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and […]
Brazil leads global offshore crude and condensate production from upcoming projects in 2025
Brazil alone is expected to contribute around 23% or 1.3 million barrels per day (mmbd) of global crude oil and condensate production in 2025 from key offshore planned and announced projects (new-build projects) that are expected to start operations between 2021 to 2025, according to GlobalData, a leading data and analytics company. The company’s report, […]
Oil and gas companies are failing to capitalize on MSGBC Basin’s huge gas discoveries, says GlobalData
Two major gas discoveries have been made in the MSGBC Basin; however, oil and gas companies so far have failed to capitalise on these significant resources, and it could be quite some time until we see an intention to develop them, says GlobalData, a leading data and analytics company. One reason for the lack of […]
Offshore acreage dominates global licensing rounds that are due to close in H2 2021, says GlobalData
Over 35% of the acreage available in licensing rounds that are either open or scheduled to close in H2 2021 are located in shallow water, while ultra-deep water and deepwater acreage accounts for 24% and 19%, respectively, according to GlobalData, a leading data and analytics company. The company’s report, ‘H2 2021 Global Bid Round Outlook […]
Sub-Saharan Africa’s oil production aspirations could be scuppered by lack of investment and new projects, says GlobalData
Sub-Saharan African nations are keen to rebound and ramp up investment in the oil and gas sector after a difficult 2020. However, the largest producers in the region – Nigeria and Angola – are forecast to see declining crude oil and condensate production from 2021, and have a relatively small number of projects coming online […]
Aggressive oil exploration needed in Colombia to avoid high imported gas prices and fracking, says GlobalData
Colombia needs to pursue a much more aggressive oil exploration strategy in order to avoid highly contested fracking activities or an increase in gas prices as a result of importing, according to GlobalData. The leading data and analytics company notes that the country has seen no large discoveries in the last five years, and its […]
Southeast Asia to increasingly rely on LNG imports through 2030, says GlobalData
Despite being a net exporter of liquefied natural gas (LNG), Southeast Asia is set to increasingly rely on imported LNG through 2030 to meet the growing demand and support the waning domestic supplies, says GlobalData, a leading data and analytics company. Southeast Asia represents a key growth region for natural gas over the next decade […]
US shale producers remain disciplined with production and capital guidance despite high oil prices, says GlobalData
The speed at which new rigs are put to new developments is considerably less than in previous price cycles. Most US shale producers are being conservative in their production and capital guidance, as priorities remain around protecting balance sheets and generating free cash flow. For many operators, this has led to a drawdown of drilled […]
Asia to spearhead global refinery hydrotreater capacity additions by 2025, says GlobalData
Asia is expected to register the highest refinery hydrotreater capacity additions globally between 2021 and 2025, contributing about 40% of the total capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Refinery Hydrotreater Units Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and […]
Global low carbon hydrogen production capacity to reach 14 mtpa in 2030, forecasts GlobalData
Global capacity for hydrogen production from renewable energy or natural gas with carbon capture could increase by over 20 times reaching 14 million tonnes per annum (mtpa) by 2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Hydrogen Transition Outlook and Trends – Q3 2021’, reveals that recent announcements have brought […]
Production of Permian Basin to recover completely by 2022 from COVID-19 slowdown, says GlobalData
Permian Basin, the largest oil producing basin in the US, was the most affected play in the country during the COVID-19 pandemic times. However, production of crude oil and natural gas from this play is likely to exceed the pre-pandemic levels by 2022 amid market recovery from the pandemic, says GlobalData, a leading data and […]
Sustainable aviation fuel is a greener alternative to reduce aviation carbon emissions, says GlobalData
The aviation sector is increasingly looking towards sustainable aviation fuel (SAF) as a greener alternative to reduce its emissions footprint, according to GlobalData. The leading data and analytics company notes that the advantages offered by SAF over conventional jet fuel, coupled with government and company initiatives to reduce carbon emissions, will significantly drive the adoption […]
ESG disruption will shake up oil and gas market and is an opportunity for companies, says GlobalData
Hydrocarbon demand is set to fall in the coming decades due to the measures the Paris Agreement signee governments will take to discourage emissions and ensure the success of net-zero goals. This agreement will render conventional oil and gas activity less and less viable. In order to reduce emissions and minimize loses, oil and gas […]
Malaysia to lead global offshore natural gas production from upcoming projects in 2025, says GlobalData
Malaysia is expected to contribute about 12% or 3.1 billion cubic feet (bcf) of global natural gas production in 2025 from key offshore planned and announced projects (new-build projects) that are expected to start operations between 2021 and 2025, according to GlobalData, a leading data and analytics company. GlobalData’s report: ‘Global Offshore Upstream Development Outlook, […]
Asia set to drive global butadiene capacity additions by 2025, says GlobalData
Asia is expected to register the highest butadiene capacity additions globally with a capacity of 3.65 million tons per annum (mtpa) between 2021 and 2025, contributing nearly half (46 %) of the region’s capacity additions, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘ Global Butadiene Industry Outlook to 2025 – Capacity and […]
Asia to lead global ethylene glycol (EG) capacity additions by 2025, says GlobalData
Asia is expected to lead the global ethylene glycol (EG) capacity additions with a capacity of 23.17 million tons per annum (mtpa) by 2025. China accounts for more than half of Asia’s capacity additions and it is projected to lead the global EG capacity additions by 2025, says GlobalData, a leading data and analytics company. […]