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Oil & Gas

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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Oil and gas industry overall contract value drops by 26% QoQ during Q3 2023, reveals GlobalData

The oil and gas industry’s overall disclosed contract value witnessed a quarter-on-quarter (QoQ) decrease of 26% in Q3 2023, reveals GlobalData, a leading data and analytics company. GlobalData’s latest report, “Oil and Gas Industry Contracts Analytics by Sector, Region, Planned and Awarded Contracts and Top Contractors, Q3 2023,” reveals that the overall contract value decreased […]
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China to dominate acrylonitrile butadiene styrene capacity additions in Asia by 2027, forecasts GlobalData

China is forecast to register the highest acrylonitrile butadiene styrene (ABS) capacity additions in Asia, contributing about 96% of the region’s capacity additions by 2027, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Acrylonitrile-Butadiene-Styrene (ABS) Industry Capacity and Capital Expenditure Forecasts with Details of Active and Planned Plants to 2027”, reveals that […]
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Asia to lead global acrylonitrile butadiene styrene capacity additions by 2027, says GlobalData

Asia is set to lead the global acrylonitrile butadiene styrene (ABS) industry capacity additions with a share of 98% by 2027, by gaining capacities from new-build and expansion projects between 2023 and 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Acrylonitrile-Butadiene-Styrene (ABS) Industry Capacity and Capital Expenditure Forecasts with Details […]
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Carbon emissions reduction requires rigorous compliance to net zero strategies, says GlobalData

The carbon-intensive oil and gas industry is undergoing massive disruption with more countries and companies trying to implement net zero emissions by 2050. However, tackling emissions and supporting low-carbon industries will require a combination of well-designed regulation and increased investment in decarbonization, according to GlobalData, a leading data and analytics company. Greenhouse gas (GHG) emissions […]
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Biofuel production gaining traction for energy transition, says GlobalData

Renewable fuels are biofuels that are produced using advanced biomass such as wastes from agriculture, forestry, food processing, and non-edible crops. These are rapidly gaining popularity among refiners globally due to their potential role in the global energy transition, when compared with petroleum fuels. Hence, biofuels such as renewable diesel and sustainable aviation fuel (SAF) […]
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China to dominate methylene diphenyl diisocyanate capacity additions in Asia by 2027, forecasts GlobalData

China is set to register the highest methylene diphenyl diisocyanate (MDI) capacity additions in Asia, contributing about 80% of the region’s capacity additions by 2027, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, “Methylene Diphenyl Diisocyanate (MDI) Industry Capacity and Capital Expenditure with Details of All Active and Planned Plants,” reveals that […]
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Asia to lead global methylene diphenyl diisocyanate capacity additions by 2027, says GlobalData

Asia is set to lead the global methylene diphenyl diisocyanate (MDI) industry capacity additions with a share of 74% by 2027, by gaining capacities from new-build and expansion projects between 2023 and 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Methylene Diphenyl Diisocyanate (MDI) Industry Capacity And Capital Expenditure With […]
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