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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’, […]
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 […]
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 […]
Recent M&A activity has altered the competitive landscape of Haynesville shale play, says GlobalData
This year, deal activity in the Haynesville play has attributed to notable changes in acreage positions among operators, which have been competing aggressively for acreage in parishes, such as De Soto, Caddo, Red River and Bossier in Louisiana. Texan counties, such as Harrison, San Augustine and Panola have also garnered considerable traction among shale producers, […]
Asia set to contribute 72% of global purified terephthalic acid capacity additions by 2023, says GlobalData
Asia is set to contribute around 72% of the global purified terephthalic acid (PTA) capacity growth from planned and announced projects between 2019 and 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Purified Terephthalic Acid (PTA) Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts with Details of All […]
Oil and gas companies embracing virtual reality technology to enhance operations, says GlobalData
Oil and gas companies are analyzing operational data using virtual reality (VR) to enhance their decision-making capabilities, according to GlobalData, a leading data and analytics company. The company’s latest thematic report, ‘Virtual Reality in Oil & Gas’, explores the different ways in which oil and gas companies are deploying VR technology to fast-track the process […]
Haynesville Shale expected to play crucial role in meeting future natural gas demand
The recent resurgence of drilling activity in the Haynesville shale is expected to continue for the foreseeable future, considering the projected rise in demand for natural gas worldwide and the ensuing increase in the US liquefied natural gas (LNG) exports, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Haynesville Shale in the US, 2019’, […]
Iran’s giant oil discovery brings little material benefit under sanctions
Following the recent announcement of a new giant oil discovery in Iran; Will Scargill, Managing Analyst, Oil and Gas at GlobalData, a leading data and analytics company, offers his view on the effect this will have on the country’s oil sector: “Limits on investment and exports due to sanctions mean that the exploration successes at […]
West of Shetland production to overtake North Sea for Shell and BP’s UK portfolios by 2020
Over the last four years oil and gas production in the West of Shetlands has risen and with that, a growing relevance for the biggest players still active in the UK continental shelf (UKCS), says GlobalData, a leading data and analytics company. The company’s latest research reveals that the West of Shetland (WoS) area retains the attention of major […]
Saudi Aramco and ADNOC boosts global oil and gas contracts activity in Q3 2019
The global oil and gas industry has witnessed a substantial boost from contracts activity in the Middle East, which has resulted in a contract value of US$44.4bn in Q3 2019, according to GlobalData, a leading data and analytics company. The increase in contract value is primarily attributed to Saudi Aramco’s 34 engineering, procurement and construction […]
Egypt’s EGPC saw highest number of oil and gas discoveries in Q3 2019, says GlobalData
Egyptian General Petroleum Corporation (EGPC) led globally among companies in the third quarter (Q3) 2019 in terms of the highest number of oil and gas discoveries, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Q3 2019 Global Oil and Gas Discoveries Review – South America and Europe Dominate with Highest Number […]
VR technology supports oil and gas plant simulation and skill development
Following the rapid adoption of virtual reality (VR) technology in consumer markets, the oil and gas industry is witnessing wide-scale deployment of this technology across its value chain, according to GlobalData, a leading data and analytics company. The company’s latest thematic report, ‘Virtual Reality in Oil & Gas’, explores how VR is finding its way […]
Iran to lead global maleic anhydride capacity additions by 2023
Iran is set to drive capacity growth in the global maleic anhydride industry from planned and announced projects between 2019 and 2023. The country aims for these additions to represent around 59% of global capacity growth by 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Maleic Anhydride Industry Outlook to […]
Algeria’s hydrocarbons bill proposes improved fiscal terms, but internal politics may reduce investment
Algeria has recently introduced a new hydrocarbons law bill whose goal is to increase the attractiveness of its petroleum fiscal framework after years of reduced foreign investment in the oil and gas sector. However, its success depends on political resolution, says GlobalData, a leading data and analytics company. The country needs to boost its hydrocarbons […]
South America and Europe led globally with highest number of oil and gas discoveries in Q3 2019
South America and Europe led globally with the highest number of oil and gas discoveries during the third quarter (Q3) of 2019, with eight discoveries each during the quarter, according to GlobalData, a leading data and analytics company. GlobalData’s report: ‘Q3 2019 Global Oil and Gas Discoveries Review – South America and Europe Dominate with […]