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GlobalData
GlobalData

Oil & Gas

Deteriorating financial situation due to COVID-19 leads to productivity decline of South American oil and gas pipeline sector, says GlobalData

The South American oil and gas pipelines sector has been impacted by weak demand and low oil and gas prices as a result of COVID-19. The worsening financial situation is leading to delays in the upcoming pipeline projects while measures to curb the spread of pandemic has impacted the operations of existing pipelines,  says GlobalData, […]
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Feedstock optimization and prospect of netting steady revenues enabling integrated refineries

The conventional refinery model of generating revenue by processing crude to produce transportation fuels is increasingly under threat from falling fuel demand. In such a scenario, the integration of a refinery with a petrochemicals plant can improve the revenue generation potential of refiners, says GlobalData, a leading data and analytics company. According to GlobalData’s latest […]
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Middle East and Asia to lead global polyethylene terephthalate capacity additions by 2024, says GlobalData

The global polyethylene terephthalate (PET) capacity is poised to see considerable growth over the next five years, potentially increasing from 30.47 million tonnes per annum (mtpa) in 2019 to 35.28 mtpa in 2024, registering a total growth of 16%. Among the regions, the Middle East leads the capacity additions and the region’s polyethylene terephthalate capacity […]
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Global cooperation necessary for transitioning to circular plastic economy

Extensive dependency on a non-biodegradable material has led to steady accumulation of plastic waste over the last several decades. This necessitates formulation of a sustainable and environment-friendly approach to develop a circular plastic economy for production and disposal of this ubiquitous material, says GlobalData, a leading data and analytics company. GlobalData’s latest thematic report, ‘Circular […]
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Russia to dominate global working gas capacity additions by 2024

Russia is expected to witness the highest global working gas storage capacity additions, contributing around 21% of the global capacity additions by 2024, says GlobalData, a leading data, and analytics company. The company’s report, ‘Global Capacity and Capital Expenditure Outlook for Underground Gas Storage, 2020−2024 – Russia Leads Global Working Gas Capacity Additions,’ reveals that Russia […]
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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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