Oil & Gas

Business Fundamentals, Oil & Gas

Sustained recovery in supply from Aramco in the coming years, says GlobalData

Following less-than-rosy company results, though, amid one of the most challenging years for oil and gas companies, Saudi Aramco is expected to lay significant emphasis on improving business performance by focusing on growth markets such as Asia while keeping a tab on operational expenditures. GlobalData’s Oil & Gas and Business Fundamentals teams offer their view […]

Oil & Gas

Global oil and gas contracts activity remains subdued due to crude oil price volatility, capex reduction and COVID-19, says GlobalData

Oil and gas contract activity remained subdued in 2020, with the industry recording a decrease in the number of contracts and disclosed contract value, according to GlobalData, a leading data and analytics company. The latest report by GlobalData, ‘Annual Global Oil & Gas Industry Contracts Review’, notes that the number of oil and gas contracts […]

Oil & Gas

Carbon capture and storage integral to meeting climate objectives, says GlobalData

Carbon capture and storage (CCS), when deployed in collaboration with clean energy technologies, has the potential to reduce global emissions and thus limit global warming, which makes it an essential technology for countries to adopt on a large scale, says GlobalData, a leading data and analytics company. An assessment from the Intergovernmental Panel on Climate […]

Oil & Gas

Morocco moves closer to unlocking domestic gas riches, but funding still hangs in the balance, says GlobalData

Two significant gas projects that are poised to take final investment decisions (FID) in Morocco this year could add 70mmcfd of natural gas to the country’s energy mix in the next five years, supporting its ambition of reducing reliance on coal and costly imports from Algeria, according to GlobalData, a leading data and analytics company. […]

Oil & Gas

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

Asia is expected to lead the global capacity additions among the regions and its chlorine capacity is expected to increase from 54.59 mtpa in 2020 to 58.03 mtpa in 2025 at an average annual growth rate (AAGR) of 1.2 %. Within Asia, China will account for more than half of the region’s capacity additions with […]

Oil & Gas

Asia to spearhead global liquids storage capacity additions by 2025, says GlobalData

Asia is set to spearhead the global liquids storage capacity additions contributing about 60% of the total global capacity additions between 2021-25. It is likely to add 98.1 million cubic meters (mmcm) of liquids storage capacity by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Liquids Storage Industry Outlook to 2025 […]

Oil & Gas

UK drives upcoming oil and gas projects in Europe, says GlobalData

The UK is expected to drive the upcoming projects across oil and gas value chain in Europe, accounting for about 25% of the total projects which are likely to start operations by 2025. Amongst these, new build projects lead with 62% while the remaining are expansion projects mainly in the upstream sector (fields), according to […]

Aerospace, Defense & Security, Oil & Gas, Press Release, Technology

Rolls-Royce embraces new mode of flying as push for green aviation heats up, says GlobalData

Following today’s news that Rolls-Royce and Tecnam have joined forces with Widerøe to deliver an all-electric passenger aircraft ready for service in 2026; Harry Boneham, Associate Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers his view: “It is becoming increasingly clear that a green revolution in commercial aviation is […]

Oil & Gas

COVID-19 and sustainability among top themes set to impact oil and gas industry in 2021, according to GlobalData

COVID-19 and sustainability will continue to heavily impact the oil and gas industry, according to data and analytics company GlobalData, which has identified the top 20 themes set to have the most influence on the sector. GlobalData’s report, ‘Top 20 Oil and Gas Themes, 2021 – Thematic Research’, also identifies the other key themes that […]

Oil & Gas

China to account half of Asia’s liquids storage capacity growth by 2025, says GlobalData

China is expected to dominate the liquids storage capacity growth in Asia, contributing about 50% of the total capacity growth between 2021-25. It is likely to add 49.4 million cubic meters (mmcm) of liquids storage capacity by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Liquids Storage Industry Outlook to 2025 […]

Oil & Gas

European majors have stronger LNG growth potential than US peers, says GlobalData

European majors are anticipated to undergo stronger LNG capacity growth to 2025 than their US peers, particularly across three key regions: Former Soviet Union, North America and Africa, says GlobalData, a leading data and analytics company Competition to capture future growth in the LNG market has recently been exacerbated by Qatar Petroleum’s final investment decision (FID) on its Ras Laffan North Field Expansion. Joseph Wisdom, Oil & Gas analyst at […]

Oil & Gas

An early flurry of final investment decisions kicks off more promising year for upstream oil and gas across EMEA

With delays and COVID-19 restrictions hampering oil and gas project timelines in 2020, 2021 is forecast to see a bump in both field starts and final investment decisions across the Europe, Middle East and Africa (EMEA) region, says GlobalData, a leading data and analytics company. Daniel Rogers, Senior Oil and Gas Analyst at GlobalData, comments: […]

Oil & Gas

NEO Energy to become a top ten producer in the UK with ExxonMobil North Sea deal

Following the news that NEO Energy is acquiring ExxonMobil’s Central and Northern North Sea assets in the UK; Daniel Rogers, Senior Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the deal: “This section of Exxon’s UK North Sea portfolio has been on the market since 2019 when […]

Oil & Gas

Post-COVID-19 recovery in US Scoop Stack shale play will not be able to match 2019 production

The Scoop Stack, located in Oklahoma, accounts for 4.5% of oil and 7.2% of natural gas production in the United States Lower 48. This play recorded its highest month of production in September 2019, with 604 thousand barrels of oil per day (mbd) and 7.9 billion cubic feet per day (bcfd). After September 2019, the […]

Oil & Gas

US dominates upcoming oil and gas project starts in North America by 2025

The US will drive upcoming project starts across the oil and gas value chain in North America, accounting for 70% of the total projects expected to start operations by 2025. Of these, new build projects dominate with 83%, while the remaining are expansion projects mainly in the upstream sector (fields, excluding shale), according to GlobalData, a leading data, and analytics company. GlobalData’s report, ‘North America Oil and Gas Projects Outlook to 2025 – Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects’, reveals that 417 projects […]

Oil & Gas

India to dominate global ammonia capacity additions by 2025, says GlobalData

The global ammonia industry is poised to register a total growth of 23% from 230.88 million tonnes per annum (mtpa) in 2020 to 284.21 mtpa in 2025. Amongst the countries, India is expected to lead the global capacity additions, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Ammonia Industry Outlook to 2025 […]

Oil & Gas

US to drive global crude oil trunk/transmission pipelines growth by 2024

The US is expected to dominate global crude oil trunk/transmission pipeline growth, accounting for almost one-fourth of the total pipeline length growth by 2024. With expected length additions of 4,900 km from projects that have received approval or are awaiting approval, the US is far ahead of any other country in the world in terms […]

Oil & Gas

Global oil and gas contracts saw relatively steady activity during Q4 2020, says GlobalData

While the global oil and gas industry witnessed a marginal decrease in the number of contracts, from 1,283 in Q3 2020 to 1,145 in Q4, there was an almost 28% increase in terms of value from $17.58bn to $22.55bn. GlobalData’s latest report, ‘Q4 2020 Global Oil & Gas Industry Contracts Review’, states that the upstream […]

Oil & Gas

Global styrene butadiene rubber market likely to regain growth momentum in 2021, says GlobalData

The steep decline in automotive and tire demand has largely affected the growth of the global styrene butadiene rubber (SBR) market. In these challenging market conditions, companies have reduced capital expenditure for 2020. Trinseo SA, one of the major producers of SBR, had a reduction of capital spending from US$100m to US$80-US$85m for 2020. Companies […]

Oil & Gas

Little prospect of post-COVID-19 rebound for BP’s oil and gas investments

Following the release of BP’s Q4 2020 financial results, Daniel Rogers, Senior Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view: “In 2020 BP invested approximately US$14bn on activities across its portfolio, with oil and gas capital spend down 20% from 2019 levels. With COVID-19 continuing to limit capital […]

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Sustained recovery in supply from Aramco in the coming years, says GlobalData

Global oil and gas contracts activity remains subdued due to crude oil price volatility, capex reduction and COVID-19, says GlobalData

Carbon capture and storage integral to meeting climate objectives, says GlobalData

Morocco moves closer to unlocking domestic gas riches, but funding still hangs in the balance, says GlobalData

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

Asia to spearhead global liquids storage capacity additions by 2025, says GlobalData

UK drives upcoming oil and gas projects in Europe, says GlobalData

Rolls-Royce embraces new mode of flying as push for green aviation heats up, says GlobalData

COVID-19 and sustainability among top themes set to impact oil and gas industry in 2021, according to GlobalData

China to account half of Asia’s liquids storage capacity growth by 2025, says GlobalData

European majors have stronger LNG growth potential than US peers, says GlobalData

An early flurry of final investment decisions kicks off more promising year for upstream oil and gas across EMEA

NEO Energy to become a top ten producer in the UK with ExxonMobil North Sea deal

Post-COVID-19 recovery in US Scoop Stack shale play will not be able to match 2019 production

US dominates upcoming oil and gas project starts in North America by 2025

India to dominate global ammonia capacity additions by 2025, says GlobalData

US to drive global crude oil trunk/transmission pipelines growth by 2024

Global oil and gas contracts saw relatively steady activity during Q4 2020, says GlobalData

Global styrene butadiene rubber market likely to regain growth momentum in 2021, says GlobalData

Little prospect of post-COVID-19 rebound for BP’s oil and gas investments

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