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India is expected to lead Asia’s oil and gas new-build trunk/pipeline length additions, contributing around 53 percent of Asia’s planned and announced pipeline length additions between 2019 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 Capital Expenditure […]
Equinor ASA leads with highest crude and condensate production in Northwest Europe from greenfield projects in 2025
Equinor ASA is set to account for 17% 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 […]
Buzios and other pre-salt projects will cement Petrobras’ dominant position in South America
With Buzios excess area now successfully awarded, Petrobras will practically have two contracts for the complete Buzios area: one for oil originally contracted to Petrobras under the Transfer of Right (TOR) regime and another for surplus volume in new Production Sharing Agreement (PSA) regime with its partners CNOOC and CNODC. Adrian Lara, Senior Oil and […]
Shorter-cycle investments, shift to natural gas and adoption of new technologies to characterize oil and gas industry in 2020, says GlobalData
As 2019 draws to a close, Anna Belova, Senior Oil and Gas Analyst at leading data and analytics company GlobalData, looks at the key trends that will shape the industry in 2020, ranging from stronger focus on gas developments to a push for shorter-cycle investments: A push for shorter-cycle investments “Oil and gas operators globally […]
China to lead global ethylene capacity additions by 2030, says GlobalData
China is expected to lead the global ethylene industry capacity growth from planned and announced projects between 2019 and 2030, with 26% share, according to GlobalData, a leading data and analytics company. The company’s report ‘H2 2019 Global Ethylene Capacity and Capital Expenditure Outlook – China Leads Globally in Terms of Planned and Announced Ethylene […]
African licensing round opportunities to remain strong in 2020, although uptake could still be limited
Throughout 2019 Africa has led licensing round activity; looking forward to 2020 this is set to continue, however results of the recent rounds have had limited success in a global context, according to GlobalData, a leading data and analytics company. The company’s report, ‘Q4 2019 Global Bid Round Outlook – US Dominating Current & Upcoming […]
Bleak outlook for natural gas output expected for Northwest Europe
Natural gas production for Northwest Europe is forecast to decline by approximately 25% from current levels over the next five years as upcoming projects struggle to offset overall declines, 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 […]
China heralds major energy reform with new national pipeline company, says GlobalData
Following the news that China has officially launched a new state-owned oil and gas pipeline company – China Oil & Gas Piping Network Corp.– in an effort to revamp the country’s oil and gas pipeline sector; Soorya Tejomoortula, oil and gas analyst at GlobalData, a leading data and analytics company, offers his view: “The formation […]
China to lead global acrylic acid capacity additions by 2023, says GlobalData
China is set to drive capacity growth in the global acrylic acid industry from planned and announced projects between 2019 and 2023, contributing around 43% of the global growth by 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Acrylic Acid Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts […]
Ocean LNG leads global long-term LNG contracted capacity signed by purchasing companies in 2019, says GlobalData
Ocean LNG has dominated in terms of long-term liquefied natural gas (LNG) import volumes for contracts signed by key purchasing companies for the year 2019, with almost 47% of the global contracted capacity, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Global Long-Term LNG Contracts Review, 2019 – Golden Pass […]
US to lead global new-build oil and gas trunk pipeline length additions by 2023
The US is expected to lead in terms of global trunk or transmission pipeline length additions for planned and announced (new-build) projects between 2019 and 2023, contributing around 21% of global new-build pipeline additions by 2023, according to GlobalData, a leading data and analytics company. The company’s report, H2 2019 Global Length and Capital Expenditure Outlook […]
Gazprom leads global new-build oil and gas trunk pipeline length additions by 2023
Gazprom is expected to lead in terms of global trunk or transmission pipeline length additions for planned and announced (new-build) projects among companies between 2019 and 2023, contributing around 5% of global new-build pipeline additions by 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘H2 2019 Global Length and Capital […]
China to account for 27% of global petrochemical capacity additions by 2030, says GlobalData
China is expected to lead the global petrochemical industry capacity growth from planned and announced projects between 2019 and 2030 with 27% 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 […]
North America and Asia set to contribute 55% of global new-build trunk pipeline length additions by 2023
North America and Asia are set to drive the global oil and gas new-build pipeline length additions, contributing around 55% of the global planned and announced pipeline length additions between 2019 and 2023, says GlobalData, a leading data, and analytics company. The company’s report, ‘Global Oil and Gas Pipelines Industry Outlook to 2023 – Capacity and […]
Asia set to drive global phenol capacity growth by 2023, says GlobalData
Asia is expected to drive the global phenol capacity growth from planned and announced projects between 2019 and 2023, contributing around 91% of the global capacity additions by 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Phenol Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts with Details of […]
Data centers provide pivotal role in data processing and warehousing in the oil and gas industry
Data management has become an important theme in the oil and gas industry as the volumes of data generated by the industry have increased significantly, thus driving the demand for high-performance data storage and processing solutions. The upstream sector, in particular, is contributing to the bulk of the data generated from oil and gas processes. […]
Asia set to drive global acetone capacity additions by 2023, says GlobalData
Asia is set to lead by contributing around 92% of the global acetone capacity growth from planned and announced projects between 2019 and 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Acetone Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’, […]
China to lead global propylene oxide capacity additions by 2023, says GlobalData
China is set to drive capacity growth in the global propylene oxide (PO) industry from planned and announced projects between 2019 and 2023, contributing around 41% of the global growth by 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Propylene Oxide (PO) Industry Outlook to 2023 – Capacity and Capital […]
US signs the highest long-term LNG export contract volumes globally for 2019
Abundant shale gas production in the US has enabled the country to export natural gas as liquefied natural gas (LNG) to global markets. This has supported the country in signing the highest volume of global long-term LNG export contracts in 2019, accounting for around a 67% share, according to GlobalData, a leading data and analytics […]
Increasing emphasis placed on asset management in oil and gas operations, says GlobalData
In view of the increasing competition and narrowing margins among oil and gas companies, asset management is obtaining greater relevance in enhancing operational efficiencies, according to GlobalData, a leading data and analytics company. The company’s latest thematic report, ‘Asset Management in Oil & Gas’, discusses the growing necessity to implement a comprehensive asset management strategy […]