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India is expected to lead the global planned and announced trunk or transmission pipeline length additions projects among the countries between 2021 and 2025, contributing around 23% of global pipeline additions by 2025, says GlobalData, a leading data and analytics company. The company’s report Global Length and Capital Expenditure Outlook for Oil and Gas Pipelines, […]
Asia to spearhead global trunk/transmission pipeline length additions by 2025, says GlobalData
Asia is expected to drive the global planned and announced trunk/transmission pipeline length additions contributing about 36% of the oil and gas pipeline length additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Length and Capital Expenditure Outlook for Oil and Gas Pipelines, 2021–2025 – India and the US Lead […]
Global oil and gas contracts activity relatively stable in Q1 2021 with marginal improvement in crude oil prices
Oil and gas contract activity remained relatively stable in Q1 2021, with the industry recording a marginal decrease in the number of contracts and at the same time an increase in disclosed contract value, according to GlobalData, a leading data and analytics company. The latest report by GlobalData, ‘Q1 2021 Global Oil & Gas Industry […]
Chevron should remain cautious in capital spending as it returns to profitability in Q1 2021, says GlobalData
Chevron posted a profit of US$1.4bn in Q1 2021, which is still down from pre-pandemic levels a year ago of US$3.6bn, despite the recovery in energy prices. The difference is mainly driven by benefits of asset sale last year, along with weaker refining margins and production losses in this quarter due to a severe winter […]
Cheniere Energy’s Q1 earnings show promising growth in LNG sector, says GlobalData
Cheniere Energy is off to a strong start in 2021 as the company had Q1 earnings of US$1.54 per share and generated revenue of US$3.09bn. After four tough quarters, strong LNG demand has provided a boost for Cheniere and the company has managed to exceed expectations, says GlobalData, a leading data and analytics company. Steven […]
Russia, China lead global small-scale LNG liquefaction capacity additions by 2025, says GlobalData
Russia and China are expected to lead the global small-scale LNG liquefaction capacity additions, together contributing 43% of the total small-scale liquefaction capacity additions between 2021 and 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, Global Small-Scale LNG Liquefaction Capacity and Capital Expenditure Outlook, 2021–2025 – Russia and China Lead Global Capacity […]
Carbon capture and storage playing field is dominated by oil giants with no room for smaller operators, says GlobalData
The oil and gas playing field will become increasingly difficult for small and medium sized producers, as the world is pushing towards energy transition. Smaller operators will need government intervention to incentivise carbon capture to promote investments, because these companies will have to expend relatively more resources to lower their emissions as compared to oil […]
Australia likely to witness 118 oil and gas projects’ starts across value chain by 2025, says GlobalData
Australia is expected to witness the commencement of 118 oil and gas projects’ operations across value chain during the period 2021-2025, accounting for 6% of the total project starts in the Asia-Pacific (APAC) region. Of these, new-build projects lead the upcoming projects count constituting around 74% of the total starts across the value chain, according […]
Latham & Watkins and Vinson & Elkins top M&A legal advisers by value and volume in oil & gas sector for Q1 2021, finds GlobalData
Latham & Watkins and Vinson & Elkins were the top mergers and acquisitions (M&A) legal advisers in the oil & gas sector for Q1 2021 by value and volume, respectively. Latham & Watkins advised on six deals worth US$14.6bn, which was the highest value among all the advisers. Meanwhile, Vinson & Elkins led in the […]
JP Morgan and Citi top M&A financial advisers by value and volume in oil & gas sector for Q1 2021, finds GlobalData
JP Morgan and Citi were the top mergers and acquisitions (M&A) financial advisers in the oil & gas sector for Q1 2021 by value and volume, respectively. JP Morgan advised on six deals worth US$19.8bn, which was the highest value among all the advisers. Meanwhile, Citi led in the volume terms having advised on 10 […]
China to lead global caustic soda capacity additions by 2025, says GlobalData
Asia leads the global capacity additions among the regions and its caustic soda capacity is expected to increase from 60.89 mtpa in 2020 to 65.68 mtpa in 2025 at an average annual growth rate (AAGR) of 1.5 %. Within Asia, China, which accounts for more than half of the region’s capacity additions, is expected to […]
Equinor on track to see over 650,000boed of its oil and gas production base powered from shore by 2025, says GlobalData
As a leader of upstream oil and gas field electrification, Equinor is involved in both active and upcoming electrification projects across the Norwegian Continental Shelf. Successful commencement of its total project pipeline could see the company electrifying over 35% of its total oil and gas production base by 2025 through power from shore, according to […]
China to account for over 50% global ethylene capacity additions by 2030, forecasts GlobalData
Asia is set to lead the global capacity additions among the regions and its ethylene capacity is expected to increase from 75.56 mtpa in 2020 to 138.42 mtpa in 2030, at an average annual growth rate (AAGR) of 6%. Within Asia, China accounts for more than half of the region’s capacity additions, says GlobalData, a […]
China to account for 49% of Asia’s refinery CDU capacity additions by 2025, forecasts GlobalData
China is expected to lead Asia’s refinery crude distillation unit (CDU) capacity additions, contributing about 49% of the regions’ total CDU capacity additions between 2021 and 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Capacity and Capital Expenditure Outlook for Refineries, 2021–2025 – China Leads Global Refinery CDU Capacity Additions’, reveals […]
Indonesia likely to witness 119 oil and gas projects starts across value chain by 2025, says GlobalData
Indonesia is expected to witness 119 oil and gas projects commencing their operations across value chain during 2021-2025, accounting for 6% of the total project starts in the Asia-Pacific (APAC) region. Out of these, new build projects lead the upcoming counts constituting around 78% of the total starts across the value chain, according to GlobalData, […]
Petrochemical projects drive upcoming oil and gas projects in Saudi Arabia by 2025, says GlobalData
Petrochemical projects are expected to drive the commencement of upcoming projects across the oil and gas value chain in Saudi Arabia, accounting for around 61% of the total projects expected to start operations during the period of 2021 to 2025. Among these, new build projects dominate with 84%, while the rest are expansion projects, according […]
Asia continues to drive global refinery CDU capacity additions by 2025, says GlobalData
Asia is expected to witness the highest crude distillation unit (CDU) capacity additions globally, contributing about 48% of the total global CDU capacity additions by 2025, says GlobalData, a leading data, and analytics company. GlobalData’s report, ‘Global Capacity and Capital Expenditure Outlook for Refineries, 2021–2025 – China Leads Global Refinery CDU Capacity Additions’, reveals that […]
Nigeria to account for 23% of upcoming oil and gas projects in Africa by 2025, says GlobalData
Nigeria is expected to have 100 oil and gas projects commencing operations across the value chain between 2021 and 2025, accounting for 23% of the total project starts in Africa. New build projects dominate the upcoming projects and account for around 90% of the total projects commencing operations across the value chain, according to GlobalData, […]
Commercial development of gas hydrates likely to remain limited due to the emergence of renewables, says GlobalData
Gas hydrate is likely to remain underexplored due to the emergence of commercially viable alternatives, especially renewables. The hydrate molecule is highly sensitive to temperature and pressure variations, which makes gas hydrate extraction a very challenging endeavor, says GlobalData, a leading data and analytics company. Various countries around the word have undertaken research programs for […]
Petrobras must play its part to invest in other less capital-intensive sustainability efforts to reduce emission, says GlobalData
Despite a global effort in energy transition, Petrobras has expressed no interest to pivot into renewable energy due to lack of expertise. As a leader in Brazil, it must play its part to invest in other less capital-intensive sustainability efforts to reduce emission, says GlobalData, a leading data and analytics company. The company laid out […]