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 […]

Oil & Gas

ExxonMobil sends a clearer message on its approach to lower carbon emissions, says GlobalData

Following the latest report quarterly report from the company Adrian Lara, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the approval: “I think what is certainly different from the recent quarterly calls in 2020, is the emphasis on how the company has met flaring and methane […]

Oil & Gas

Asia to lead global vinyl acetate monomer capacity additions by 2024, says GlobalData

Asia is expected to lead the global vinyl acetate monomer (VAM) capacity additions with an increase from 5.43 million tonnes per annum (mtpa) in 2019 to 5.93 mtpa in 2024, at an average annual growth rate (AAGR) of 1.8%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Vinyl Acetate Monomer (VAM) Industry […]

Oil & Gas

Asia to lead global styrene-butadiene-rubber capacity additions by 2024, says GlobalData

The global styrene-butadiene-rubber (SBR) capacity is poised to register a total growth of 8% from 7.92 million tonnes per annum (mtpa) in 2019 to 8.57 mtpa in 2024. Asia leads the capacity additions among the regions and its SBR capacity is expected to increase from 4.17 mtpa in 2019 to 4.62 mtpa in 2024 at […]

Business Fundamentals, Oil & Gas

Morgan Stanley and Evercore were top M&A financial advisers by value and volume in global oil and gas sector for 2020, finds GlobalData

Morgan Stanley and Evercore were the top mergers and acquisitions (M&A) financial advisers in the global oil and gas sector for 2020 by value and volume, respectively. Morgan Stanley advised on 18 deals worth US$82.9bn, which was the highest value among all the advisers. Meanwhile, Evercore led in volume terms having advised on 19 deals […]

Oil & Gas, Power

Biden’s carbon-free power plan equivalent to quadrupling renewables growth

Following President Biden’s moves to implement new climate policies upon taking office yesterday; Will Scargill, Managing Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the targets set out for decarbonizing the power sector: “Biden’s target of a carbon-free power sector by 2035 is extremely ambitious and would […]

Oil & Gas

New pipelines necessary for Marcellus and Utica shales to play relevant role in supplying natural gas to new Gulf Coast LNG facilities, says GlobalData

The Appalachia Basin, made up of the Marcellus formations and the Utica Shale, accounted for more than 40% of the natural gas produced in the US in 2020. Unlike many of the oil plays in the US Lower 48, natural gas plays, including the Appalachia Basin, saw a less drastic change in production and drilling […]

Oil & Gas

Asia to lead global acrylonitrile-butadiene-styrene capacity additions by 2024, says GlobalData

The global Acrylonitrile-Butadiene-Styrene (ABS) capacity is poised to register a total growth of 19% from 11.36 million tonnes per annum (mtpa) in 2019 to 13.49 mtpa in 2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Acrylonitrile Butadiene Styrene (ABS) Industry Outlook to 2024 – Capacity and Capital Expenditure Forecasts with Details […]

Oil & Gas

Diminished imports from top consumers further dent APAC midstream sector growth, says GlobalData

The global lockdown to contain the COVID-19 pandemic has led to low oil and gas demand and a decline in the global energy prices. Against this backdrop, several companies in the Asia-Pacific (APAC) region have realigned their capital spending during 2020, leading to delays in some pipeline and liquefied natural gas (LNG) projects in the […]

Oil & Gas

North America’s O&G trunk/transmission pipeline to be almost twice as long as FSU by 2024 as the region continues to lead global pipeline length additions, says GlobalData

North America is expected to have the maximum share of the global oil and gas trunk/transmission pipeline length by 2024, representing around 43%. Running for a length of 899,399km, the region continues to lead global pipeline additions by 2024 with 25,335km, lagging only behind Asia, says GlobalData, a leading data, and analytics company. GlobalData’s report, […]

Oil & Gas

Asia witnessed highest crude oil refinery maintenance globally in 2020, says GlobalData

Asia had the highest crude oil refinery capacity under maintenance (both planned and unplanned) globally in 2020. The region had a refining capacity of 11,524 thousand barrels per day (mbd) under both planned and unplanned maintenance in 2020, according to GlobalData, a leading data and analytics company. The company’s report: ‘Global Crude Oil Refinery Maintenance […]

Oil & Gas

China to lead global propylene capacity additions by 2030, says GlobalData

The global propylene capacity is expected to potentially increase from 129.80 million tonnes per annum (mtpa) in 2019 to 191.84 mtpa in 2030 registering a total growth of 48%. China accounts for 48% of the global propylene capacity additions, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Propylene Capacity and Capital Expenditure […]

Oil & Gas

North American petrochemical producers might see long-term cost advantage by reducing capex for 2020

The shale gas advantage of North American petrochemical majors provides a boost for investments in the region, primarily in the US. However, the oil price crash narrowed this advantage and is likely to affect profitability. North American petrochemical majors that strive to pace investments efficiently, in line with market trends, will boost their competitiveness and […]

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Oil & Gas

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

ExxonMobil sends a clearer message on its approach to lower carbon emissions, says GlobalData

Asia to lead global vinyl acetate monomer capacity additions by 2024, says GlobalData

Asia to lead global styrene-butadiene-rubber capacity additions by 2024, says GlobalData

Morgan Stanley and Evercore were top M&A financial advisers by value and volume in global oil and gas sector for 2020, finds GlobalData

Biden’s carbon-free power plan equivalent to quadrupling renewables growth

New pipelines necessary for Marcellus and Utica shales to play relevant role in supplying natural gas to new Gulf Coast LNG facilities, says GlobalData

Asia to lead global acrylonitrile-butadiene-styrene capacity additions by 2024, says GlobalData

Diminished imports from top consumers further dent APAC midstream sector growth, says GlobalData

North America’s O&G trunk/transmission pipeline to be almost twice as long as FSU by 2024 as the region continues to lead global pipeline length additions, says GlobalData

Asia witnessed highest crude oil refinery maintenance globally in 2020, says GlobalData

China to lead global propylene capacity additions by 2030, says GlobalData

North American petrochemical producers might see long-term cost advantage by reducing capex for 2020

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