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GlobalData
GlobalData

Oil & Gas

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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Excess of crude supply already suppressed from US market

Following Energy Information Administration’s release of official weekly 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: “The US oil market has already suppressed the excess of supply that was created at the end of March. The production cuts of April, May and June were quite severe, reaching around 2 million barrels per day (mmbd) and now with […]
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Middle East to remain key supplier of petrochemicals post-COVID-19

The Middle East is a key producer and supplier of polyolefins to demand-rich markets, specifically Asia. The region’s polyolefin exports account for around one-third of global polyolefin trade. However, the COVID-19 pandemic has resulted in lower petrochemical demand from key end-use sectors such as automotive and construction from both domestic and overseas markets, which has […]
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Asia dominates global LNG regasification capacity additions through 2024, says GlobalData

Asia is expected to witness the highest global liquefied natural gas (LNG) regasification capacity additions, contributing about 69% of the total regasification capacity additions by 2024, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals, 2020–2024 – China Spearheads Global Regasification Capacity Additions […]
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China and India lead Asia’s regasification capacity additions by 2024, says GlobalData

China and India are expected to dominate Asia’s liquefied natural gas (LNG) regasification capacity additions, contributing nearly 60% of the regions’ total regasification capacity additions between 2020 and 2024, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals, 2020–2024 – China Spearheads Global […]
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Subsea production systems expand boundaries of deepwater hydrocarbon E&P, says GlobalData

Subsea technology has drastically improved in the last two decades in terms of functionality and reliability, with notable strides made in areas such as subsea processing, subsea storage, subsea-to-shore and power distribution. This has enabled upstream companies to expand the scale of their deepwater projects, says GlobalData, a leading data and analytics company. GlobalData’s latest […]
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Norwegian tax relief proposal could double near-term industry post-tax cash flow, says GlobalData

The temporary tax relief proposal announced by the Norwegian Government, and designed to ensure near-term investment in the country, could double industry post-tax cash flow in 2020 and 2021, which would increase company liquidity in the short term, according to leading data and analytics company GlobalData, a leading data and analytics company. GlobalData’s report, ‘COVID-19 […]
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China dominates Asia’s refinery CDU capacity additions by 2024, says GlobalData

China is expected to dominate Asia’s refinery crude distillation unit (CDU) capacity additions, contributing about 80% of the regions’ total CDU capacity additions between 2020 and 2024, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Capacity and Capital Expenditure Outlook for Refineries, 2020−2024 – Asia Dominates Global Refinery CDU Capacity and […]
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Asia to spearhead global refinery CDU capacity additions through 2024, forecasts GlobalData

Asia is expected to have the highest crude distillation unit (CDU) capacity additions, contributing about 42% of the global CDU capacity additions by 2024, says GlobalData, a leading data, and analytics company. The company’s report, ‘Global Capacity and Capital Expenditure Outlook for Refineries, 2020−2024 – Asia Dominates Global Refinery CDU Capacity and Capex Outlook’, reveals […]
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