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Oil & Gas

US to contribute 40% of global new-build small-scale LNG liquefaction capacity additions by 2023

The US will drive new-build, small-scale liquefied natural gas (LNG) liquefaction capacity additions globally from planned and announced (new-build) projects between 2019 and 2023, contributing around 40% capacity growth by 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘Global Small-Scale LNG Liquefaction Capacity and Capital Expenditure Outlook – The US […]
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China Petrochemical likely to add 9% of new-build liquids storage global capacity growth by 2023, says GlobalData

China Petrochemical Corp is expected to lead new-build liquids storage capacity additions in the global liquids storage industry from planned and announced (new-build) projects between 2019 and 2023. The company will contribute around 9% to the global liquids storage capacity growth by 2023, according to GlobalData, a leading data and analytics company. The company’s report, […]
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Fortress Investment Group to lead global small-scale LNG liquefaction capacity additions by 2023

Fortress Investment Group is expected to lead capacity additions from planned and announced (new-build) projects in the global small-scale liquefied natural gas (LNG) liquefaction industry between 2019 and 2023, contributing around 25% of global small-scale LNG liquefaction capacity growth by 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘Global Small-Scale […]
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Saudi oil outage may test US abilities as swing producer

Following the September 14 attacks on oil infrastructure in Saudi Arabia, Will Scargill, Managing Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the effect this will have on the global oil market: “If the Saudi supply outage is sustained, we may well see a test of how […]
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Asia set to drive global new-build liquids storage capacity with 43% share by 2023, says GlobalData

Asia expects to drive capacity growth in the global liquids storage industry from planned and announced (new-build) projects by contributing around 43% of the global new-build liquids storage terminals’ capacity during the outlook period 2019 to 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘H2 2019 Global Capacity and Capital Expenditure […]
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Wearable tech poised to increase workforce safety and productivity in oil and gas operations

Oil and gas companies are evaluating the possibilities of deploying wearable devices in day-to-day operations to improve safety and effiency in oilfield operations, says GlobalData, a leading data and analytics company. Initial research is focused on enabling real-time monitoring of field technicians to ensure their safety and in providing them with audiovisual assistance to perform […]
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Asia leads global refinery crude distillation unit capacity additions with 36% of new-build capacity growth by 2023, says GlobalData

Asia is expected to drive new-build crude distillation unit (CDU) capacity growth in the global refinery industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 36% of global CDU capacity growth by 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘H2 2019 Global Capacity and Capital […]
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China set to contribute 34% of Asia and Oceania’s crude distillation units’ capacity growth by 2023, says GlobalData

China is expected to drive capacity growth of 34% in Asia and Oceania’s refinery crude distillation units (CDUs) from planned and announced (new-build) projects between 2019 and 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘Refining Industry Outlook in Asia and Oceania to 2023 – Capacity and Capital Expenditure Outlook […]
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North America to drive global LNG liquefaction industry contributing 73% of new-build capacity growth by 2023

North America is expected to drive capacity growth in the global liquefied natural gas (LNG) liquefaction industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 73% of global growth by 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘Global LNG Liquefaction Industry Outlook to 2023 – […]
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Asia leads global LNG regasification industry with 63% capacity growth from new-build projects by 2023, says GlobalData

Asia is expected to lead the global LNG regasification industry capacity growth from new-build (planned and announced) projects between 2019 and 2023 with 63% share, according to GlobalData, a leading data and analytics company. The company’s report ‘Global LNG Regasification Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating […]
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Large volumes of LNG exports from Argentina far from being reality due to production not meeting demand

Vaca Muerta has been seen by multiple governments in Argentina as an engine for economic growth, creating expectations that almost never correspond to reality, says GlobalData, a leading data and analytics company. In the last five years, operating projects have made significant technical improvements in well productivities through longer laterals and more fracking stages. However, […]
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Substantial oil resources to be unlocked in Norway through increased recovery projects

Increased recovery projects in Norway will unlock substantial oil resources, driven predominantly by the majority state-owned Equinor, says GlobalData, a leading data and analytics company. Daniel Rogers, Upstream Oil & Gas Analyst at GlobalData, comments: “Field expansion projects in Norway remain competitive against ongoing planned greenfield developments, and are projected to unlock vast reserves at […]
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Upstream sector emerging as the epicenter for Industrial Internet adoption

The upstream sector is witnessing comparatively more implementations of the Industrial Internet compared to other oil and gas sectors. This is driven by the need to reduce operational risks and maximizing returns from their assets through digitalisation, according to GlobalData, a leading data and analytics company. The company’s latest thematic report: ‘Industrial Internet in Oil […]
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