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GlobalData
GlobalData

Oil & Gas

US oil market shows right trend at a slow pace, says GlobalData

Following the release of official weekly US Energy Information Administration data on stocks, demand and supply of US crude oil and refined products; Adrian Lara, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the current events: “Gasoline demand has seen a favourable trend since early April […]
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Brazil dominates global deployment of upcoming FPSOs, says GlobalData

A total of 18 planned and announced Floating Production Storage and Offloading (FPSO) projects are expected to be deployed offshore Brazil during the outlook period 2020–2025, the highest among the countries globally, according to GlobalData, a leading data and analytics company. The company’s report: ‘Global FPSO Industry Outlook, 2020−2025 – Petrobras Drives Global Upcoming FPSO […]
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Strategic adoption of cloud computing can alleviate oil and gas industry challenges, says GlobalData

Cloud computing allows oil and gas companies to scale their data management and storage, driving greater flexibility in infrastructure costs. The high computing power delivered via cloud platforms supports the adoption of other technologies such as the intelligent management of physical assets, which facilitates greater operational efficiency, says GlobalData, a leading data and analytics company. […]
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Rising refinery utilization in India provides glimmer of hope despite devastating impact of COVID-19, says GlobalData

COVID-19 heavily impacted the key end-use segments such as transportation and manufacturing sectors among others, hitting the demand for fuel products in India. This forced  the Indian  refiners to re-align their operating models and supply chain cycles to ensure business continuity. Despite all these, the gradual appreciation of refinery utilization is likely to enable the […]
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Simpson Thacher & Bartlett and Baker Botts were top legal advisers by value and volume in global oil and gas sector in H1 2020, says GlobalData

Simpson Thacher & Bartlett and Baker Botts were noted to be the top mergers and acquisitions (M&A) legal advisers in the global oil and gas sector in the first half (H1) of 2020, based on deal value and volume, respectively. Simpson Thacher & Bartlett advised on one deal worth US$10.1bn, which was the highest among […]
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Schlumberger’s outlook for stability and future growth supported by severe cost cutting measures, says GlobalData

Following the release of Schlumberger’s Q2 2020 earnings call; Effuah Alleyne, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers her view: “As with many companies in the oil and gas industry, Schlumberger has taken the approach to reduce capital spending and focus on enhancing existing performance through technology. The […]
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Halliburton turns to cloud-based analytics and digital technologies as oil struggles to rebound, says GlobalData

Following Halliburton’s Q2 2020 earning call, where the company fully commits to its strategy of improving innovative customer solutions through digital technology and concentrating on international markets entering Q3; Effuah Alleyne, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers her view: “Halliburton has been hardest hit in its North […]
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