Oil & Gas

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. […]

Oil & Gas

North America continues to dominate global LNG liquefaction capacity additions by 2025, says GlobalData

North America is expected to lead the global liquefied natural gas (LNG) liquefaction capacity additions by 2025, contributing around 63%, says GlobalData, a leading data, and analytics company. The Former Soviet Union (FSU) region is a distant second place, with 18%, followed by the Middle East at 10%. GlobalData’s latest report, ‘Global Capacity and Capital […]

Oil & Gas

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’, […]

Oil & Gas

Asia set to drive global polyvinyl chloride capacity additions by 2025, says GlobalData

Asia is expected to lead the global polyvinyl chloride (PVC) capacity additions with a capacity of 6.85 million tons per annum (mtpa) by 2025. Presently, China accounts for more than half of the region’s capacity additions in Asia and it is likely to lead the global PVC capacity additions among the countries by 2025, says […]

Oil & Gas

China to lead global ethylene capacity additions by 2025, says GlobalData

Asia is expected to lead the ethylene capacity additions globally with a capacity of 52.94 million tons per annum (mtpa) by 2025. China, which accounts for more than half of the ethylene capacity additions within Asia, is likely to lead the global ethylene capacity additions by 2025, says GlobalData, a leading data and analytics company. […]

Business Fundamentals, Oil & Gas

Renewable resources discussions grow multifold in 2020 as fossil fuel demand dwindles, says GlobalData

‘Renewable energy’ mentions in oil and gas companies’ earnings transcripts increased by over 150% in 2020 compared to 2019, while mentions in 2021* surpassed more than a half of 2020, according to GlobalData’s Company Filings Analytics platform. This trend is expected to continue as dwindling energy demand due to the COVID-19 pandemic has pushed oil […]

Oil & Gas

European oil majors near pre-pandemic income levels despite weakened revenues, says GlobalData

The European oil majors (Shell, BP, TotalEnergies, Eni and Repsol) benefitted dramatically from elevated oil and gas prices in the first quarter of 2021 as income returned to near pre-pandemic levels, says GlobalData, a leading data and analytics company. Daniel Rogers, Senior Oil and Gas Analyst at GlobalData, comments: “So far 2021 has gifted the […]

Oil & Gas

Power mix transitions present diverging paths for GCC countries’ gas demand, says GlobalData

Gas demand for power generation consumed above 13 bcfd in 2020, representing almost 50% of the total demand in the Gulf Cooperation Council (GCC) countries. It is expected that this demand will increase by 14% by 2029. The transition from oil to gas for less carbon-intensive power generation has begun in the region. In Saudi […]

Oil & Gas

Oil majors actively pursuing renewable power projects for long-term sustainability, according to GlobalData

Expected low demand for fossil fuels is compelling major oil and gas companies – including BP, Total and Shell – to actively restructure their businesses to add renewable power projects in their portfolio. This will help these companies reduce their carbon intensity and align with the changing energy mix in the long run, according to […]

Oil & Gas

Global ethylene demand growth set for market recovery to pre-pandemic levels, with 2.5% CAGR growth expected over decade, says GlobalData

Ethylene has shown robust and consistent growth over the period 2015 to 2019, according to leading data and analytics company GlobalData, and is expected to increase at a healthy 2.5% compound annual growth rate (CAGR) over the decade. Asia has been the largest contributor, both in terms of demand and supply, and is likely to […]

Oil & Gas

Uganda has potential to become top five oil producer in Sub-Saharan Africa in the next five years, says GlobalData

With the East African Oil Pipeline project recently getting the go-ahead, Uganda is set to produce its first oil as early as 2025 and production in the next five years is expected to jump to 230,000 barrels per day, from zero in 2021, says GlobalData, a leading data and analytics company. Conor Ward, Oil & […]

Oil & Gas

China to lead global LNG regasification capacity additions by 2025, says GlobalData

China is expected to lead the global LNG regasification capacity additions, contributing 27% of the total LNG regasification capacity additions between 2021 and 2025, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals, 2021–2025 – Asia Dominates Global Regasification Capacity Additions and Capex […]

Oil & Gas

Asia expected to drive global LNG regasification capacity additions by 2025, says GlobalData

Asia is expected to dominate the global new build and expansion regasification capacity additions, contributing about 74% 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 LNG Regasification Terminals, 2021–2025 – Asia Dominates Global Regasification Capacity Additions and […]

Oil & Gas

Russia set to drive global methanol capacity additions by 2025

The former Soviet Union (FSU) has the highest capacity additions globally and its methanol capacity is expected to increase from 8.16 mtpa in 2020 to 44.61 mtpa in 2025 at an average annual growth rate (AAGR) of 34%. Within the FSU, Russia, accounts for more than half of the region’s capacity additions, and is expected to […]

Oil & Gas

Boosting investments in deepwater exploration offshore Trinidad and Tobago could reverse negative production trend after 2024, says GlobalData

Production of natural gas, the main commodity in Trinidad and Tobago (T&T), has been declining ever since 2015. Future gas output is projected to stay below 2017 numbers and then decline at a higher rate after 2024. In order to maintain the same level of production in the mid-term, the country needs to stimulate the […]

Oil & Gas

Boosting investments allocation among oil and gas operators could strengthen production in DJ Basin, says GlobalData

The Denver Julesburg (DJ) Basin located in Colorado and Wyoming has experienced a constant decline since production peaked in November 2019. Reversing this trend will depend on the capital allocation from major oil and gas operators in this region, says GlobalData, a leading data and analytics company. According to GlobalData’s latest report, ‘DJ Basin in […]

Oil & Gas

Lowering US GHG emissions disruptive to oil and gas sector if direct bans or taxes implemented

The US path to carbon neutrality by 2050 put forth by the current administration will require an alignment of new technology, regulations and markets. Despite the energy-related executive orders signed during the first weeks of Joe Biden’s presidency, at the national level there are no substantial measures yet implemented with respect to lowering GHG emissions. […]

Oil & Gas

Asia spearheads global refinery FCCU capacity additions through 2025, reveals GlobalData

Asia is expected to register the highest refinery fluid catalytic cracking units (FCCU) capacity additions globally during 2021 to 2025, contributing about 56% of the total capacity additions by 2025, says GlobalData, a leading data, and analytics company. GlobalData’s report, ‘Global Refinery Fluid Catalytic Cracking Units (FCCU) Outlook to 2025 – Capacity and Capital Expenditure […]

Oil & Gas

Digital twins to become mainstay for oil and gas operations as companies look to optimize costs, says GlobalData

The oil and gas industry, which is traditionally a laggard in the adoption of connected technologies, is increasingly deploying digital twins to improve decision-making. The prevailing industry downturn from COVID-19 has heightened the need to reduce costs and make operations more sustainable with technology, says GlobalData, a leading data and analytics company. Worldwide lockdowns have […]

Oil & Gas

Gas production boom in Sub-Saharan Africa weighs on volatile grounds, says GlobalData

Due to their vastly under-utilised gas resources, the countries of Sub-Sharan Africa represent huge opportunity for gas developments. New entrant countries show great gas supply potential for the region but weigh heavily on mega projects getting the green light and suppression of ongoing civil unrest and domestic instability that is hampering progress in the sector, […]

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Oil & Gas

Tech collaborations are enabling oil and gas companies to venture into quantum computing to reduce operational costs

North America continues to dominate global LNG liquefaction capacity additions by 2025, says GlobalData

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

Asia set to drive global polyvinyl chloride capacity additions by 2025, says GlobalData

China to lead global ethylene capacity additions by 2025, says GlobalData

Renewable resources discussions grow multifold in 2020 as fossil fuel demand dwindles, says GlobalData

European oil majors near pre-pandemic income levels despite weakened revenues, says GlobalData

Power mix transitions present diverging paths for GCC countries’ gas demand, says GlobalData

Oil majors actively pursuing renewable power projects for long-term sustainability, according to GlobalData

Global ethylene demand growth set for market recovery to pre-pandemic levels, with 2.5% CAGR growth expected over decade, says GlobalData

Uganda has potential to become top five oil producer in Sub-Saharan Africa in the next five years, says GlobalData

China to lead global LNG regasification capacity additions by 2025, says GlobalData

Asia expected to drive global LNG regasification capacity additions by 2025, says GlobalData

Russia set to drive global methanol capacity additions by 2025

Boosting investments in deepwater exploration offshore Trinidad and Tobago could reverse negative production trend after 2024, says GlobalData

Boosting investments allocation among oil and gas operators could strengthen production in DJ Basin, says GlobalData

Lowering US GHG emissions disruptive to oil and gas sector if direct bans or taxes implemented

Asia spearheads global refinery FCCU capacity additions through 2025, reveals GlobalData

Digital twins to become mainstay for oil and gas operations as companies look to optimize costs, says GlobalData

Gas production boom in Sub-Saharan Africa weighs on volatile grounds, says GlobalData

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