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GlobalData
GlobalData

Oil & Gas

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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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 […]
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