Oil & Gas

Global shale oil and gas landscape set for growth beyond US, says GlobalData

The global shale oil and gas production outlook indicates a positive trend, with notable increases in production expected from top countries over the next few years, including the incumbent leader the US. Although the pace of growth has somewhat receded in the US, optimism around this unconventional resource remains, driven by technological advancements and significant […]

Oil & Gas

China to lead global methylene diphenyl diisocyanate capacity additions through 2030, says GlobalData

China is poised to significantly expand its methylene diphenyl diisocyanate (MDI) production capacity by 2030, driven by heavy demand for MDI from various sectors such as construction, automotive and electronics industries. Accounting for 65% of the expected capacity additions worldwide by 2030, China is further strengthen its position as the leading player in the global […]

Oil & Gas

Energy sector drives CCUS growth, accounting for over 70% of projects by end-2024, reveals GlobalData

Carbon capture, utilization, and storage (CCUS) is rapidly emerging as a key solution in the global energy transition, offering a realistic path to decarbonize hard-to-abate sectors such as cement, steel, refining, and thermal power generation. Oil and gas companies are playing a leading role in the development and deployment of CCUS. As of 2024, more […]

Oil & Gas

China to dominate global butadiene capacity additions through 2030, says GlobalData

China is poised to significantly expand its butadiene production capacity by 2030, backed by strong demand for butadiene derivatives such as acrylonitrile butadiene styrene (ABS) and synthetic rubbers from the automotive and tire industries. Accounting for over 50% of the expected capacity additions worldwide by 2030, China is positioning itself as the dominant player in […]

Oil & Gas

Asia to dominate upcoming liquids storage projects count through 2030, says GlobalData

Asia is poised to dominate the global liquid storage projects landscape, accounting for about 40% of the projects expected to commence operations by the end of the decade, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Liquids Storage New Build and Expansion Projects Analysis by Type, Development Stage, Key Countries, Region and […]

Oil & Gas

China to drive global propylene capacity additions through 2030, says GlobalData

China is poised to significantly expand its propylene production capacity by 2030, backed by strong demand for propylene derivatives such as polypropylene and propylene oxide in the building, packaging, and construction industries. Accounting for over 40% of the expected capacity additions worldwide by 2030, China is positioning itself as the dominant player in the global […]

Oil & Gas

Tariff-related disruptions to outweigh other oil and gas themes, says GlobalData

US tariffs and energy security are expected to remain the focal points for oil and gas trade in 2025. Tariff-induced trade tensions might exert downward pressure on the US and global economy in the near term, potentially affecting the energy demand. It is therefore important for the industry to assess the impact of macroeconomic themes […]

Oil & Gas

China to drive global ethylene capacity additions through 2030, says GlobalData

China is set to drive the global ethylene capacity additions, occupying a share of more than 36% by 2030, as both demand and supply of ethylene are expected to grow in the country, according to GlobalData, a leading data and analytics company. GlobalData’s latest report “Ethylene Market Analysis and Forecast by Products, Capacity Additions, Top […]

Oil & Gas

Oil and gas companies add renewable fuels to low-carbon portfolio, says GlobalData

The global energy landscape is steadily moving toward cleaner sources, with a gradual decline in fossil fuel dependence. The share of fossil fuels in the world’s energy mix has declined from 82% in 2022 to 81.5% in 2023, indicating a gradual shift. This transition is driven by the need to cut greenhouse gas emissions and combat global […]

Oil & Gas

China to account over 70% of global acrylonitrile capacity additions by 2030, forecasts GlobalData

China is poised to significantly expand its acrylonitrile production capacity by 2030, backed by strong demand from the automotive and manufacturing sectors. With over 70% of the planned capacity additions worldwide, China is positioning itself as the dominant player in the global market, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, […]

Oil & Gas

India to account for 46% of global benzene capacity additions through 2030, forecasts GlobalData

India is set to dominate global benzene capacity growth by 2030, accounting for nearly half of the worldwide planned additions. Backed by strong demand from the automotive and manufacturing sectors, the country is expected contribute about 46% of the total capacity additions from upcoming planned and announced projects through 2030, positioning itself as a key […]

Oil & Gas

China to drive global polyolefins capacity additions through 2030, says GlobalData

China is set to drive the global polyolefins capacity additions, occupying a share of 29% by 2030, as both demand and supply of polyolefins are expected to grow in the country, according to GlobalData, a leading data and analytics company. GlobalData’s latest report “Polyolefins Market Analysis and Forecast by Products, Capacity Additions, Top Countries and […]

Oil & Gas

Renewables to play essential role in product portfolio of oil and gas companies, says GlobalData

Global power generation is increasingly shifting toward renewable sources, reducing the reliance on fossil fuels. While global energy generation has risen by around 30% in the past ten years, renewable energy has nearly doubled over this timeframe. With the share of renewables in the global energy mix forecast to reach over 40% by 2030, it […]

Oil & Gas

Asia to dominate global CDU capacity additions through 2030, forecasts GlobalData

The global conventional refining industry is anticipated to expand considerably from 2025 to 2030, fueled by increasing energy demands from emerging markets and strategic investments in refining infrastructure. Consequently, the capacity additions of crude distillation units (CDUs) are accelerating globally, with Asia projected to lead these expansions across all regions through 2030, says GlobalData, a […]

Oil & Gas

Global oil and gas contract value remains stable despite volume decline in Q4 2024, reveals GlobalData

The global oil and gas industry experienced a 15% quarter-on-quarter decrease in the total number of contracts, from 1,596 in Q3 2024 to 1,353 in Q4 2024. Despite the dip in volume, the overall contract value remained stable, driven by the announcement of some major contracts in Africa, reveals GlobalData, a leading data and analytics […]

Oil & Gas

Hydrogen economy development enters critical phase, says GlobalData

The hydrogen economy has recently experienced some hiccups in its growth story. Apparently, demand for this commodity is not rising at the pace it was envisaged back in 2020 when companies had aggressively announced their energy transition plans. As more industries, such as steel, transportation, and power, try to decarbonize their operations, the demand for […]

Oil & Gas

China at the forefront of global polypropylene capacity additions through 2028, says GlobalData

China is likely to register the highest polypropylene capacity additions globally by 2028, contributing about 45% of the total capacity additions from the upcoming planned and announced projects, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Polypropylene Industry Capacity and Capital Expenditure Forecasts with Details of Active and Planned Plants to […]

Oil & Gas

Digitalization could deliver long term benefits to oil and gas industry, says GlobalData

In recent years, the oil and gas industry has progressed from using digital technologies for select use cases to making their entire processes digital. Certain technologies—such as artificial intelligence (AI), blockchain, cloud computing, the Internet of Things (IoT), robotics, and virtual and augmented reality (VR and AR)—are now part of their daily routine. These digitalization […]

Oil & Gas

China to spearhead global ethylene oxide capacity additions through 2028, says GlobalData

China is likely to register the highest ethylene oxide capacity additions globally by 2028, contributing about 75% of the total capacity additions from upcoming planned and announced projects, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Ethylene Oxide Industry Capacity and Capital Expenditure Forecasts with Details of Active and Planned Plants […]

Oil & Gas

Virtual reality revolutionizes training and operations in oil and gas industry, reveals GlobalData

Virtual reality (VR) primarily has applications around training across the oil and gas value chain, i.e., from rigs and pipelines to refineries. Industry leaders such as Shell, and ExxonMobil are using VR simulations to train their employees in critical operations. This provides a highly safe and cost-efficient approach to introduce personnel to a new facility […]

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Oil & Gas

Global shale oil and gas landscape set for growth beyond US, says GlobalData

China to lead global methylene diphenyl diisocyanate capacity additions through 2030, says GlobalData

Energy sector drives CCUS growth, accounting for over 70% of projects by end-2024, reveals GlobalData

China to dominate global butadiene capacity additions through 2030, says GlobalData

Asia to dominate upcoming liquids storage projects count through 2030, says GlobalData

China to drive global propylene capacity additions through 2030, says GlobalData

Tariff-related disruptions to outweigh other oil and gas themes, says GlobalData

China to drive global ethylene capacity additions through 2030, says GlobalData

Oil and gas companies add renewable fuels to low-carbon portfolio, says GlobalData

China to account over 70% of global acrylonitrile capacity additions by 2030, forecasts GlobalData

India to account for 46% of global benzene capacity additions through 2030, forecasts GlobalData

China to drive global polyolefins capacity additions through 2030, says GlobalData

Renewables to play essential role in product portfolio of oil and gas companies, says GlobalData

Asia to dominate global CDU capacity additions through 2030, forecasts GlobalData

Global oil and gas contract value remains stable despite volume decline in Q4 2024, reveals GlobalData

Hydrogen economy development enters critical phase, says GlobalData

China at the forefront of global polypropylene capacity additions through 2028, says GlobalData

Digitalization could deliver long term benefits to oil and gas industry, says GlobalData

China to spearhead global ethylene oxide capacity additions through 2028, says GlobalData

Virtual reality revolutionizes training and operations in oil and gas industry, reveals GlobalData

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