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GlobalData

Oil & Gas

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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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Renewable energy will take almost 40% of the global power mix by 2030 as world heads towards smart decarbonization, says GlobalData

The global push for a transition to cleaner energy, driven by strong policies and financial support, will heavily impact the future of renewables, according to GlobalData. The leading data and analytics company notes that renewables are expected to take almost 40% of the power mix by 2030. GlobalData’s latest report, ‘Global Power Mix in Transition’, […]
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Tech collaborations are enabling oil and gas companies to venture into quantum computing to reduce operational costs

The prevailing industry downturn from COVID-19 has heightened the need for oil and gas companies to reduce operational costs by improving efficiency. Although classical computers are capable enough in delivering efficiency gains, quantum computers and their optimization algorithms could deliver these gains in a much shorter time, says GlobalData, a leading data and analytics company. […]
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