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GlobalData
GlobalData

Oil & Gas

Oil and gas industry embraces circular economy to combat plastic pollution, says GlobalData

The circular economy involves recycling, reusing, and repurposing of products to extend their usable lifetime. Among the oil and gas industry’s conventional products, plastic is the most relevant to the circular economy. Increasing demand for circular economy solutions in the oil and gas industry, especially regarding plastics, presents several long-term opportunities for companies. Companies can […]
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India likely to add over 9 mtpa of urea capacity by 2030, says GlobalData

India is likely to witness urea capacity additions of 9.28 million tonnes per annum (mtpa) between 2024 and 2030, from six new build and two expansion projects, contributing about 14% of the global capacity additions, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Urea Capacity and Capital Expenditure Outlook by Region, Countries, […]
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LNG regasification projects will dominate upcoming midstream project starts in China during 2024–28, finds GlobalData

The LNG regasification segment is set to dominate upcoming oil and gas midstream projects in China, accounting for about 47% of the midstream projects starting between 2024 and 2028, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Asia-Pacific Oil and Gas Projects by Development Stage, Capacity, Capex, Contractor Details of All New […]
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India to significantly contribute to global butadiene capacity additions through 2028, says GlobalData

India’s butadiene market is set to experience a significant growth trajectory through 2028, contributing about 18% of the global butadiene capacity additions from six new build and expansion projects, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Butadiene Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants […]
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China to spearhead global butadiene capacity additions through 2028, says GlobalData

China is likely to register the highest butadiene capacity additions globally by 2028, contributing about 41% of the total capacity additions from 15 upcoming projects, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Butadiene Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028” reveals that […]
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India to lead pipeline transmission projects count in Asia through 2028, says GlobalData

India is set to dominate the number of trunk/transmission pipeline projects that are expected to start operations in Asia during 2024-2028, contributing about 43% of the region’s total projects count by 2028, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “New Build Trunk-Transmission Pipelines Projects by Development Stage, Regions, Countries, Project Type […]
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Digital twins gaining rapid acceptance in oil and gas operations, says GlobalData

Digital twins are digital representations of physical assets, systems, people, or processes. They help detect, prevent, predict, and optimize the physical environment using artificial intelligence (AI), real-time analytics, visualization, and simulation tools. In case of oil and gas, digital twins can support the entire project lifecycle from the project design to commissioning. It can also […]
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Evolving blockchain technology can transform diverse oil and gas applications, says GlobalData

Blockchain is emerging as a technology that demands attention within the oil and gas sector. It presents novel approaches to service contracts, review pricing, and support the entirety of the transaction life cycle. It thus promises potential cost reductions and enhanced process efficiencies. Moreover, the advantages of blockchain in the oil and gas industry manifest […]
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China to lead global acrylonitrile capacity additions through 2028, forecasts GlobalData

China is set to register the highest acrylonitrile capacity additions globally by 2028, contributing about 73% of the total capacity additions from seven new build projects, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Acrylonitrile Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028,” reveals […]
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Transmission pipelines to lead upcoming midstream project starts in US during 2024-2028, reveals GlobalData

The trunk/transmission pipelines segment is set to dominate upcoming oil and gas midstream projects in the US by 2028, accounting for about 47% of the midstream projects starting between 2024 and 2028, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “North America Oil and Gas Projects by Development Stage, Capacity, Capex, Contractor […]
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China to dominate global PET capacity additions through 2028, forecasts GlobalData

China is set to register the highest polyethylene terephthalate (PET) capacity additions globally by 2028, contributing about 40% of the total capacity additions from new plant and expansion projects, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Polyethylene Terephthalate (PET) Industry Capacity and Capital Expenditure Forecasts with Details of All Active and […]
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India to lead global ethylene glycol capacity additions through 2028, forecasts GlobalData

India is set to register the highest ethylene glycol capacity additions globally by 2028, contributing about 25% of the total capacity additions from new plant and expansion projects, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Ethylene Glycol Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned […]
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