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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 […]
Petrobras set to drive global FPSO deployments by 2025
Petroleo Brasileiro (Petrobras) continues to dominate global floating production storage and offloading vessel (FPSO) deployments with operatorship in 15 planned and announced projects during the outlook period 2019 to 2025, according to GlobalData, a leading data and analytics company. The company’s report, ‘Q4 2019 Global FPSO Industry Outlook – South America Spearheads Global FPSO Deployments’, reveals that […]
Brazil continues to dominate globally with highest number of FPSO deployments by 2025
Brazil continues to drive global floating production storage and offloading vessels (FPSOs) deployment with 21 planned and announced FPSOs during the outlook period 2019 to 2025, according to GlobalData, a leading data and analytics company. The company’s report, ‘Q4 2019 Global FPSO Industry Outlook – South America Spearheads Global FPSO Deployments’, reveals that Brazil is […]
Kuwait Petroleum leads global new-build LNG regasification capacity additions by 2023
Kuwait Petroleum Corp is expected to account for 8% capacity share in the global liquefied natural gas (LNG) regasification industry from new-build (planned and announced) projects between 2019 and 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘H2 2019 Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals – […]
Asia set to contribute 56% of global new-build LNG regasification capacity growth by 2023, says GlobalData
Asia is expected to lead the global new-build Liquefied Natural Gas (LNG) regasification capacity additions from the planned and announced (new-build) projects. These additions are expected to contribute around 56% of the global new-build regasification terminals’ capacity during the outlook period 2019 to 2023, says GlobalData, a leading data and analytics company. The company’s report […]
China set to contribute 59% of Asia and Oceania’s liquids storage capacity growth by 2023, says GlobalData
China, with its planned and announced (new-build) terminals, is set to drive most of the liquids storage capacity growth in Asia and Oceania. The country is expected to account for 59% of the regions’ total capacity growth between 2019 and 2023, says GlobalData, a leading data, and analytics company. The company’s report, ‘Liquids Storage Industry […]
Hengli Petrochemical (Dalian) to lead global purified terephthalic acid capacity additions by 2023, says GlobalData
Hengli Petrochemical (Dalian) Co. Ltd. is expected to lead the global planned and announced purified terephthalic acid (PTA) capacity additions during the period 2019 to 2023, contributing around 22% of the global growth by 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘Global Purified Terephthalic Acid (PTA) Industry Outlook to […]
Norwegian Barents Sea requires continued exploration to sustain long-term growth
Sustained exploration activity in the Barents Sea basin is vital to unlock the larger discoveries needed to warrant investment despite a recently poor run of drilling results, says GlobalData, a leading data and analytics company. The company’s latest research reveals that no discoveries larger than 100 million barrels of oil equivalent (mmboe) have been discovered […]
US will contribute 73% of global LNG liquefaction capacity growth by 2023
The US is forecast to drive new-build, liquefied natural gas (LNG) liquefaction capacity additions globally from planned and announced (new-build) projects between 2019 and 2023, contributing around 73% of global new-build LNG liquefaction capacity growth by 2023, according to GlobalData, a leading data and analytics company. The company’s report ‘H2 2019 Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals – North American Companies Dominate Global Liquefaction Capacity Additions’ reveals that the US is expected to account for a new-build LNG liquefaction capacity of 156.9 million tonnes per annum (mtpa) from […]