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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. […]
Significant additional capacity for CCUS will be needed to achieve net-zero emission targets
There are approximately 28 commercial Carbon Capture Utilisation and Storage facilities (CCUS) globally, with a total capacity of 40 Megatons per annum (Mtpa), but accounting for only 0.12% of total energy-related CO2 emissions. In reference to the net-zero emissions by 2050 scenario by International Energy Agency (IEA), CCUS plays a significant role in a decarbonised […]
Middle East to lead global gas processing capacity growth through 2025, forecasts GlobalData
The Middle East is set to lead capacity growth in the global gas processing industry from planned and announced (new build) projects between 2021 and 2025 and account for around 37% to the global gas processing capacity growth by 2025, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Capacity and Capital Expenditure […]
Asia to lead global polypropylene capacity additions by 2025, says GlobalData
Asia is expected to lead the global polypropylene capacity additions with a capacity of 40.32 million tons per annum (mtpa) by 2025. China accounts for nearly half (47%) of Asia’s capacity additions and the country is projected to lead the global polypropylene capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s […]
Asia to spearhead global xylenes capacity additions by 2025, says GlobalData
Asia leads the global xylenes capacity additions with a capacity of 35.01 million tons per annum (mtpa) by 2025. China accounts for more than half of Asia’s capacity additions and the country is expected to lead the global xylenes capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘ Global […]
China to lead Asia’s refinery hydrocracking unit capacity additions by 2025, says GlobalData
China is expected to lead Asia’s refinery hydrocracking unit capacity additions, contributing about 56% of the regions’ total hydrocracking unit capacity additions between 2021 and 2025, 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 Operating and […]
Suriname has potential to be oil hot spot, says GlobalData
Recent exploratory success offshore Suriname, where four discoveries have been made in Block 28 in 2020, shows promise to become an oil production hot spot in the near to mid-term, according to GlobalData. The leading data and analytics company noted that block operators TotalEnergies and Apache Corp awarded a contract for preliminary front-end engineering design […]
Snam SpA seeks to hire to improve M&A process, finds GlobalData
Snam SpA has advertised 200 roles within H1 2021, according to GlobalData’s Jobs Analytics Database. Since January 2020, the company has posted around 25 roles for merger and acquisition (M&A) out of which 14 roles are posted in 2021 as the company aims to build a team to evaluate potential targets for acquisitions or partnerships. […]
Asia to spearhead global refinery hydrocracking capacity additions by 2025, says GlobalData
Asia is expected to register the highest refinery hydrocracking capacity additions globally between 2021 and 2025, contributing about 56% of the total capacity additions by 2025, 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 Operating and […]
Asia to spearhead global refinery coking capacity additions by 2025, says GlobalData
Asia is expected to register the highest refinery coking capacity additions globally during 2021 to 2025, contributing about 39% of the total capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Refinery Coking Units Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and […]
Russia to contribute 23% of global new-build gas processing capacity growth by 2025, says GlobalData
Russia is expected to drive new-build gas processing capacity growth in the global gas processing industry from planned and announced (new-build) projects between 2021 and 2025, contributing around 23% of global gas processing capacity growth by 2025, according to GlobalData, a leading data and analytics company. The company’s report, ‘Global Capacity and Capital Expenditure Outlook […]
US methane emissions on track for tighter monitoring and additional regulations, says GlobalData
The US Congress recently approved a resolution that reverses a rule from President Trump’s administration, which had lowered the requirements for targeting methane emissions in oil and gas well operations. This makes a 2016 Environmental Protection Agency (EPA) rule the valid standard again with respect to reducing methane emissions and shows that that the current […]
TotalEnergies looks to oil growth amid conflicting energy transformation strategy, says GlobalData
Total SE of old has recently gone through a rebranding to become TotalEnergies by an almost unanimous decision by shareholders. This rebranding is in the hopes that the company can pull itself away from the traditional business practices which focused on oil and gas developments and become more of an all-encompassing energy company. However, the company, unlike its peers, is forecast to see a material growth in […]
Africa leads global refinery VDU capacity additions by 2025, says GlobalData
Africa is expected to register the highest refinery vacuum distillation units (VDU) capacity additions globally during 2021 to 2025, contributing around 33% of the total capacity additions by 2025, says GlobalData, a leading data, and analytics company. The company’s report, ‘Global Refinery Vacuum Distillation Units (VDU) Outlook to 2025 – Capacity and Capital Expenditure Outlook […]
Higher investment needed for Bakken Shale to exhibit full recovery, says GlobalData
Bakken shale has experienced a constant decline since production peaked in November 2019, according to analysis by GlobalData. The leading data and analytics company notes that a steady rise in capital allocation from leading oil and gas operators and infrastructural improvements would reboot production in this region. According to GlobalData’s latest report, ‘Bakken Shale in […]
China to lead Asia’s refinery vacuum distillation unit capacity additions by 2025, says GlobalData
China is expected to lead Asia’s refinery vacuum distillation unit (VDU) capacity additions by contributing about 36% of the regions’ total VDU capacity additions between 2021 and 2025, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Refinery Vacuum Distillation Units (VDU) Outlook to 2025 – Capacity and Capital Expenditure Outlook with […]
TechnipFMC books overall quarterly revenue gains despite spin-off transaction, says GlobalData
Following the release of TechnipFMC’s investor relations presentation, Effuah Alleyne, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers her view: “In the earlier half of H1 2021, TechnipFMC completed the spin-off transaction of Technip Energies N.V. from its core business, retaining 31% of share dividends. Technip Energies, now listed […]