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GlobalData
GlobalData

Oil & Gas

Major oil and gas EPC players are aligning strategies for energy transition, says GlobalData

Leading oil and gas engineering, procurement, and construction (EPC) companies are increasingly shifting their strategies towards cleaner energy segments, according to GlobalData, a leading data and analytics company. Major oil and gas EPCs have traditionally relied on projects within the oil and gas value chain, building relatively little exposure to renewables. However, with a bleak investment outlook for the sector post-COVID-19 and major oil and gas companies making strategic shifts for the energy transition, these EPCs are looking to renewables and other clean energy sectors for future growth. Will Scargill, Managing Oil & Gas Analyst at GlobalData, comments, “COVID-19 brought a major oil and gas demand shock, delayed projects and raised additional […]
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ExxonMobil is set to strengthen its position to provide for the future of oil and gas demand, says GlobalData

Following ExxonMobil’s Q3 earnings release; Steven Ho, Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view: “ExxonMobil is very confident that it could potentially outperform its peers if the company is able to optimize its assets – preparing to capture a bigger market share once oil demand recovers closer to pre-pandemic levels by year 2022, as forecast by the IEA. The company is focused on the short-to-medium-term outlook with no indication of shifting away from oil. In any case, ExxonMobil could also sustain and profit marginally at lower price environment, given its aggressive measure to reduce operating […]
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Ballot Measure 1 in Alaska will likely send discouraging message to future oil and gas investors

Following the news on Alaska Ballot Measure 1, through which voters in the state will decide on whether taxes on oil should be increased for selected fields; Gregory Bosunga, Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the current events: “If approved, the Alaska Ballot Measure 1 will likely impact the medium-to-long-term investment […]
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ConocoPhillips betting on recovery of crude oil demand with acquisition of Concho Resources

Following ConocoPhillips’ US$9.7bn acquisition of shale rival Concho Resources; Steven Ho, Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the acquisition: “This transaction is beneficial to both parties and in line with what has been expected for the industry in terms of merging opportunities. A company such as ConocoPhillips with […]
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Gas to liquids process can help monetize stranded and flared gases

Gas to liquids (GTL) plants can be installed at oil production facilities to capture the associated gas that is otherwise flared off. This approach provides oil producers with an additional way of generating revenue, says GlobalData, a leading data and analytics company. GlobalData’s latest thematic report, ‘Gas to Liquids (Oil and Gas) – Thematic Research’, highlights the potential opportunities and challenges that can influence […]
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Impact of COVID-19 forces pipeline operators in the US to continue adopting conservative strategies, says GlobalData

The COVID-19 pandemic has significantly impacted the US pipeline sector and operators are left with little choice than to adopt strategies to save cash. As a result, several pipeline companies in the country continue to delay or stall pipeline projects or reduce capital expenditure. In hindsight, pipeline operators are also analyzing the impact of COVID-19 […]
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Canadian pipeline sector continues to adopt conservative strategies due to prolonged economic uncertainty, says GlobalData

The COVID-19 pandemic has disrupted the oil and gas sector leading to a sharp fall in fuel prices coupled with an over-abundant supply of oil and gas. Pipeline operators in Canada have been forced to reduce their capital expenditure (capex) for the year 2020. Despite capex prioritization to conserve cash, Canadian pipeline operators might still look to analyze the current market conditions […]
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Chrysaor-Premier merger a win-win amid market challenges for both private equity backed and indebted listed E&P players, says GlobalData

Following the announcement that Chrysaor Holdings and Premier Oil have proposed to merge businesses; Daniel Rogers, oil and gas analyst at GlobalData, a leading data and analytics company, offers his view on the announcement: “With Premier Oil carrying a US$2bn debt load, and private equity players unable to execute high-value exit strategies through IPOs or […]
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