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GlobalData
GlobalData

Oil & Gas

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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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Oil and gas industry shows resilience amid 16% QoQ decline in overall contract volume during Q4 2023, reveals GlobalData

Amidst shifting market dynamics, the oil and gas industry faced a significant quarter-on-quarter (QoQ) decline of 16% in disclosed contract volume from 1,401 in Q3 2023 to 1,172 in Q4 2023. However, despite this downturn, a marginal uptick in overall contract value hints at resilience during the challenging times, reveals GlobalData, a leading data and […]
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Asia will continue to dominate global refinery alkylation capacity additions through 2028, says GlobalData

Asia is set to witness the highest refinery alkylation capacity additions among all the regions between 2024 and 2028, contributing about 48% of the total global capacity additions by 2028, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Refinery Alkylation Units Capacity and Capital Expenditure Outlook and Forecast with Details of All […]
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India to lead refinery alkylation capacity additions in Asia by 2028, says GlobalData

India is expected to lead Asia’s refinery alkylation unit capacity additions, contributing about 31% of the region’s total alkylation capacity additions between 2024 and 2028, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Refinery Alkylation Units Capacity and Capital Expenditure Outlook and Forecast with Details of All Operating and Planned Alkylation Units […]
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Predictive maintenance plays crucial role in oil and gas industry, says GlobalData

Maintenance strategies in the oil and gas industry have gradually transformed from their early days in the nineteenth century. To achieve operational longevity, timely maintenance is necessary to prevent expensive repair works and unplanned production outages. Technologies, such as AI, machine learning, and the internet of things (IoT) add enormous value to predictive maintenance strategies, […]
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India ranks second in LNG regasification capacity additions in Asia through 2027, forecasts GlobalData

India is set to register the second highest LNG regasification capacity additions in Asia between 2023 and 2027, accounting for about 22% of the region’s total capacity additions by 2027, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, “LNG Industry Outlook by Capacity and Capital Expenditure (CapEx) Including Details of All Operating and […]
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China to spearhead Asia LNG regasification capacity additions through 2027, forecasts GlobalData

China is expected to witness the highest liquefied natural gas (LNG) regasification capacity additions in Asia between 2023 and 2027, contributing about 35% of the region’s total capacity additions by 2027, says GlobalData, a leading data and analytics company. GlobalData’s report, “LNG Industry Outlook by Capacity and Capital Expenditure (CapEx) Including Details of All Operating […]
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Ammonia and methanol set to lead decarbonization in petrochemical sector, says GlobalData

Ammonia and methanol are key industrial chemicals with strong demand in agriculture, manufacturing, and construction sectors. Conventional ammonia and methanol production processes contribute to carbon emissions. As governments around the world are pursuing various decarbonization strategies, it has become imperative to curb emissions from these processes. The evolution of low-carbon hydrogen, a critical feedstock for […]
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China to dominate propylene capacity additions in Asia by 2030, forecasts GlobalData

China is expected to register the highest propylene capacity additions in Asia, contributing about 70% of the region’s capacity additions by 2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Propylene Capacity and Capital Expenditure Outlook by Region, Countries, Companies, Feedstock, Projects and Forecast to 2030’ reveals that China will dominate […]
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Asia to lead global propylene capacity additions by 2030, says GlobalData

Asia is expected to lead the global propylene industry capacity additions with a share of 67% by 2030 by gaining capacity from new-build and expansion projects between 2023 and 2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Propylene Capacity and Capital Expenditure Outlook by Region, Countries, Companies, Feedstock, Projects and […]
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