GlobalData
GlobalData

Oil & Gas

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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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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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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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 […]
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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 […]
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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 […]
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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 […]
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