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China is set to dominate acetic acid capacity additions globally through 2028, contributing more than 90% of the total capacity additions from seven new build and an expansion project, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Acetic Acid Industry Capacity and Capital Expenditure Forecasts with Details of All Active and […]
India to dominate oil and gas transmission pipeline length additions in Asia by 2028, says GlobalData
India is expected to be at the forefront in terms of the trunk/ transmission oil and gas pipeline network additions in Asia, accounting for more than 40% of the region’s total pipeline length additions by 2028, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Oil and Gas Pipelines Industry Outlook by Capacity […]
Global oil and gas contract value declines despite steady volume in Q3 2024, reveals GlobalData
The global oil and gas contract activity saw a 35% quarter-on-quarter decrease in total disclosed value from $55.3 billion in Q2 2024 to $35.7 billion in Q3 2024. Despite this, steady contract volumes, particularly in the Middle East, were driven by substantial projects such as Saipem’s $4 billion contract with QatarEnergy and multi-billion-dollar agreements from […]
US to spearhead global ammonia capacity additions through 2030, says GlobalData
The US is set to drive the global ammonia capacity additions, occupying a share of 37% by 2030, as both demand and supply of ammonia are expected to grow in the country, according to GlobalData, a leading data and analytics company. GlobalData’s latest report “Ammonia Market Trends, Capacity Additions by Region and Countries, Key Projects […]
China to spearhead global phenol capacity additions through 2028, says GlobalData
China is likely to register the highest phenol capacity additions globally by 2028, contributing about 67% of the total capacity additions from upcoming projects, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Phenol Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028”, reveals that […]
India to spreadhead global PVC capacity additions through 2028, says GlobalData
India is likely to register the highest polyvinyl chloride (PVC) capacity additions globally by 2028, contributing about 29% of the total capacity additions from upcoming planned and announced projects, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Polyvinyl Chloride (PVC) Industry Capacity and Capital Expenditure Forecasts with Details of All Active […]
Advancements in robotics continue to transform oil and gas operations, says GlobalData
With the applications of robotics continuously evolving, the oil and gas industry has emerged as a significant adopter of the technology to improve safety and efficiency of operations. Robots equipped with advanced technologies are yielding increasingly positive results, bringing a continued transformation in the operations of oil and gas companies, says GlobalData, a leading data […]
China to spearhead global bisphenol A capacity additions through 2028, says GlobalData
China is likely to register the highest bisphenol A capacity additions globally by 2028, contributing about 90% of the total capacity additions from upcoming projects, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Bisphenol A Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028”, […]
China to spearhead global VAM capacity additions through 2028, says GlobalData
China is set to witness most of the vinyl acetate monomer (VAM) capacity additions globally by 2028, contributing about 78% of the total capacity additions from six upcoming projects, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Vinyl Acetate Monomer (VAM) Industry Capacity and Capital Expenditure Forecasts with Details of All Active […]
Oil and gas industry slows energy transition as focus shifts back to fossil fuels, says GlobalData
The oil and gas industry has pursued energy transition avenues to decarbonize its operations. However, heightened energy security fears amid the Ukraine war have brought back the focus on fossil fuels, which has led companies to scale down their energy transition pursuit. This will likely continue in 2024, but the switch towards low-carbon energy is […]
China to spearhead global ABS capacity additions through 2028, says GlobalData
China is likely to witness most of the acrylonitrile butadiene styrene (ABS) capacity additions globally by 2028, contributing about 95% of the total capacity additions from 13 upcoming projects, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Acrylonitrile Butadiene Styrene (ABS) Industry Outlook by Capacity and Capital Expenditure Forecasts with Details of […]
Asia to account for entire global polycarbonate capacity additions through 2028, says GlobalData
Asia is likely to be the only region in the world to witness polycarbonate capacity additions during 2024 to 2028 from 11 new-build and expansion projects, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Polycarbonate Industry Outlook by Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants […]
China to spearhead global propylene capacity additions through 2028, says GlobalData
China is expected to register the highest propylene capacity additions globally by 2028, contributing about 49% of the total capacity additions from 38 upcoming projects, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Propylene Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028” reveals that […]
Global oil and gas contracts value surges by 47% during Q2 2024, reveals GlobalData
Global oil and gas contract activity received a boost from Petrobras’ key upstream contracts in the second quarter of 2024. The industry witnessed a notable 47% quarter-on-quarter increase in total disclosed value to reach $54.91 billion in Q2 2024 from $37.3 billion in Q1, reveals GlobalData, a leading data and analytics company. GlobalData’s latest report, […]
China to spearhead global polyethylene capacity additions through 2028, says GlobalData
China is likely to register the highest polyethylene capacity additions globally by 2028, contributing about 29% of the total capacity additions from 46 upcoming projects, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Polyethylene Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028” reveals that […]
North America to dominate global renewable refinery capacity additions through 2028, says GlobalData
Global consumption of renewable fuels produced in refineries is increasing due to environmental concerns about fossil fuels, technological advances, and growing regulations on carbon emissions. As a result, global renewable refinery capacity additions are growing rapidly, with North America expected to drive the capacity additions among all the regions globally, says GlobalData, a leading data […]
China to drive methanol capacity additions in APAC through 2030, says GlobalData
China is set to drive the methanol capacity additions in Asia-Pacific (APAC), occupying a share of 67% by 2030, as both demand and supply of methanol are expected to grow in the country, according to GlobalData, a leading data and analytics company. GlobalData’s latest report “Methanol Market Analysis and Forecast by Products, Capacity Additions, Top […]
Asia to dominate global LNG regasification capacity additions through 2028, says GlobalData
Asia will continue to dominate the global liquefied natural gas (LNG) regasification capacity additions, contributing about 68% of the total capacity additions between 2024 and 2028, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “LNG Regasification Industry by Capacity and Capital Expenditure with Details of All Operating and Upcoming Terminals to […]
Strong oil and gas demand to support production growth of Permian Basin, says GlobalData
The global oil demand has been on the rise after the COVID-19 pandemic. Moreover, the Russia-Ukraine conflict caused major alterations in energy supply routes, which went in favor of the US shale drillers, including those in the Permian Basin. Spanning Texas and New Mexico, Permian Basin remains the largest oil-producing shale play in the US. […]
Global efforts intensify to curb gas flaring amid environmental concerns, finds GlobalData
The oil and gas industry has been under increased scrutiny in recent years for its flaring of associated gases produced during crude oil extraction. While global flaring volumes have steadily declined, the top five gas-flaring countries (Russia, Iran, Iraq, Algeria, and Venezuela) have seen little change in their flaring levels. The industry is collaborating with […]