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GlobalData
GlobalData

Oil & Gas

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 […]
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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 […]
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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 […]
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Petrochemicals dominate upcoming project starts across oil and gas value chain in China by 2025, says GlobalData

China is expected to witness 512 petrochemical projects to commence operations during the period 2021-2025, accounting for 76% of the total project starts across the country’s oil and gas value chain. In petrochemicals, new build projects dominate the project starts with more than 90% while the rest are expansion projects, according to GlobalData, a leading […]
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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 […]
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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 […]
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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 […]
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