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Oil & Gas

2020 oil and gas FIDs mark growth in importance of gas

Final Investment Decisions (FIDs) planned across the oil and gas value chain in 2020 are set to focus on natural gas developments, according to GlobalData, a leading data and analytics company. The company’s report, ‘Global Oil & Gas FIDs in 2020’, reveals that FIDs targeted for this year in the upstream and midstream sectors are heavily weighted towards gas and liquefied natural gas (LNG). This includes projects in the leading LNG exporters of Australia and Qatar, as well as in the key growth regions of North America and Africa. Will Scargill, Managing Oil and Gas Analyst at GlobalData, comments: “The world is increasingly looking to natural gas as […]
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China accounted for 41% of Asia’s crude oil refining capacity under maintenance in 2019, says GlobalData

China had the highest crude oil refining capacity under maintenance (both planned and unplanned) in Asia in 2019, accounting for about 41% of the region’s share, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Crude Oil Refinery Maintenance Review, 2019 – Asia Incurs Highest Planned Maintenance in the Year’, reveals that […]
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Sheer volume of data being created by oil and gas companies driving adoption of big data, says GlobalData

Oil and gas assets are increasingly fitted with a multitude of Internet of Things (IoT) sensors, causing exponential growth in data. This, in turn, is increasing the need for adoption of data management solutions for improved operational visibility. This approach also helps identify bottlenecks in operations and uncover patterns and relationships across diverse entities, says GlobalData, […]
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Russia to lead with 84% of FSU’s new-build trunk pipeline length additions by 2023

Russia is expected to lead the Former Soviet Union’s (FSU’s) oil and gas new-build trunk/transmission pipeline length additions, contributing around 84% of the region’s planned and announced pipeline length additions between 2020 and 2023, says GlobalData, a leading data, and analytics company. The company’s report, ‘Global Planned Oil and Gas Pipelines Industry Outlook to 2023 […]
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Oil and gas companies getting attracted towards enormous resource potential of the Arctic region, says GlobalData

The Arctic region is largely under-explored due to its cold, harsh climatic conditions, frozen seas and lack of investment in infrastructure development. However, this picture is gradually changing. Dwindling oil and gas reserves worldwide is raising the case for exploration and production (E&P) companies to venture into the Arctic in search of hydrocarbons, according to […]
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Middle East set to contribute 17% of global new-build trunk petroleum products pipeline length additions by 2023

The Middle East is expected to contribute 17% of global new-build trunk/transmission petroleum products pipeline length additions by 2023, says GlobalData, a leading data, and analytics company. The company’s latest report, ‘Global Petroleum Products Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Petroleum Products Pipelines’, […]
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Saudi Aramco still betting on oil expansions

Saudi Aramco is continuing to focus significant efforts on crude oil expansion, according to GlobalData, a leading data and analytics company. The company’s report, ‘Saudi Aramco After IPO – Company Overview and Development Outlook’, reveals that five major expansion projects – four crude and one natural gas – are being planned to boost output in […]
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Asia and Middle East set to contribute 30% of global new-build crude oil trunk pipeline length additions by 2023, says GlobalData

Asia and the Middle East are expected to collectively contribute about 30% of the global new-build crude oil trunk/transmission pipeline length additions by 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Crude Oil Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating and […]
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Iran set to contribute 43% of the Middle East’s new-build trunk pipeline length additions by 2023

Iran is expected to lead the Middle East’s oil and gas new-build trunk/transmission pipeline length additions, contributing around 43% of the region’s planned and announced pipeline length additions between 2020 and 2023, says GlobalData, a leading data, and analytics company. The company’s report, ‘Global Planned Oil and Gas Pipelines Industry Outlook to 2023 – Capacity and […]
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Asia to account for half of global petrochemical capacity additions by 2030, says GlobalData

Asia is expected to lead the global petrochemical industry capacity growth from new-build and expansion projects between 2019 and 2030 with 50% share, according to GlobalData, a leading data and analytics company. The company’s report ‘H2 2019 Global Petrochemicals Capacity and Capital Expenditure Outlook – China Leads Global Petrochemical Capacity Additions’ reveals that the total […]
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Asia leads global new-build trunk/transmission petroleum products pipeline length additions by 2023

Asia is expected to lead global new-build trunk/transmission petroleum product pipeline length additions, contributing around 59% of planned and announced pipeline length additions between 2019 and 2023, says GlobalData, a leading data, and analytics company. The company’s report, ‘Global Petroleum Products Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of […]
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North America to contribute 51% of global new-build crude oil trunk/transmission pipeline length additions by 2023, says GlobalData

North America is set to drive the global new-build crude oil trunk/transmission pipeline length additions, contributing around 51% of the global planned and announced crude oil pipeline length additions between 2019 and 2023, says GlobalData, a leading data, and analytics company. The company’s report, ‘Global Crude Oil Pipelines Industry Outlook to 2023 – Capacity and […]
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Low natural gas prices drive Comstock Resources to increase assets in Haynesville, boosting gas production by over 70%

Steven Ho, Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view on what Comstock’s Chesapeake’s Haynesville assets acquisition will mean for Comstock: “Comstock’s potential acquisition of Chesapeake’s Haynesville assets will significantly increase its natural gas production from 1.15 billion cubic feet per day (bcfd) up to 2bcfd in 2020, […]
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Norway to achieve highest crude and condensate production from greenfield projects in Northwest Europe in 2025, says GlobalData

Norway is set to account for 57% of Northwest Europe’s total crude and condensate (liquids) production in 2025 from planned and announced greenfield projects, according to GlobalData, a leading data and analytics company. The company’s report: ‘2019 Northwest Europe Upstream Development Outlook – Surge in New-Build Oil and Gas Project Starts for 2020’, reveals that […]
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Nigeria to contribute 35% of Africa’s new-build trunk pipeline length additions by 2023, says GlobalData

Nigeria is expected to contribute around 35% of Africa’s total planned and announced oil and gas new-build trunk/transmission pipeline length additions between 2019 and 2023, says GlobalData, a leading data and analytics company. The company’s latest report, ‘Global Planned Oil and Gas Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details […]
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Wider market context limits effect of US-Iran tensions on oil market

Following the increased tensions between the US and Iran caused by the assassination of Qassem Suleimani, Will Scargill, Managing Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on how this will impact the global oil market: “Increased tensions between the US and Iran following the assassination of Qassem Suleimani […]
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