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GlobalData
GlobalData

Oil & Gas

Upstream sector led global oil and gas M&A deals in 2019

The upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating some high-value transactions during the process. The acquisition of Anadarko Petroleum by Occidental Petroleum in April 2019 for a purchase consideration of US$57bn was the highlight of oil and gas M&A activity last […]
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China National Chemical Engineering records major petrochemical facilities contract in Russia during Q4 2019

The global oil & gas industry has witnessed a substantial contract in the downstream/petrochemical sector, with China National Chemical Engineering No 7 Construction securing a US$13.25bn contract from Baltic Chemical Complex for the FEED and EPC services for two Ethylene cracking, six Polyethylene, two Linear Alpha Olefins cracking units and offsite facilities at Ust-Luga in […]
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Emphasis on maintaining capital discipline driving M&A activity in the oil and gas industry

Deal activity in 2019 has largely revolved around the need to improve company finances and reduce debt. It drove multinational oil and gas companies, such as ExxonMobil, ConocoPhillips, and Chevron, to review their global operations and begin divesting non-profitable ventures, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘M&A in Oil […]
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UK-EU oil and gas ties to remain strong post-Brexit

As the UK leaves the EU, ripple effects will be felt throughout the UK economy. For the oil and gas industry, changes will occur but the impact of Brexit is unlikely to hamper the strong industry ties that currently exist between the UK and the EU, says GlobalData, a leading data and analytics company. The UK oil and gas industry relies fairly heavily on its EU neighbours. Imported natural gas coming from pipelines that cross Belgium and the Netherlands […]
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African LNG promise dependent on financing and politics

Following the news that Eni has signed a liquefied natural gas (LNG) supply agreement with Nigeria LNG; Cao Chai, Upstream Analyst at GlobalData, a leading data and analytics company, offers her view on the LNG projects currently in development in Africa: “Africa is aggressively moving forward with securing its share of the global liquefied natural […]
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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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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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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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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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