GlobalData

Oil and gas industry contract value increases

Oil and gas industry overall contract value up by 60% during Q2 2023 according to a GlobalData report on the industry.

Low-carbon hydrogen critical for net-zero transition

Oil companies are looking for avenues to move towards operations with net-zero emissions and low-carbon hydrogen plays a critical role.

North America driving global small-scale LNG liquefaction capacity

North America is expected to witness the highest small-scale LNG liquefaction capacity additions globally from 2023 to 2027.

Autonomous mobile robots’ role growing in industrial operations

Autonomous mobile robots (AMRs) are increasingly finding applications in the mobile robotics ecosystem as automation becomes the new normal.

China to account for 24% of upcoming Asia crude oil refinery projects

China is expected to commence operations of 44 crude oil refinery projects during 2022-2026, accounting for 24% of all crude oil refinery projects in Asia.

European gas stations to add more fast-charge points

As electric vehicles grow in popularity, oil and gas companies are working to accommodate charge points at gas stations.

Oil and gas industry witnessed a surge in high-value deals in 2021

Oil and gas industry witnessed a surge in high-value deals in 2021 driven by oil price recovery, says GlobalData.

Crude oil refinery maintenance rises in 2021

Unplanned crude oil refinery maintenance was at its highest due to bad weather conditions such as fires, explosions and power outages

Marcellus and Utica shales expect steady production growth until 2025

Marcellus and Utica shales were largely unaffected by COVID-19, natural gas production at these sites is still expected to rise

Digital oilfield technologies moving closer to unmanned operations

Digital oilfield technologies such as digital twins and other remote monitoring solutions will have a major impact in upstream oil and gas operations, according to GlobalData.

Tech-enabled asset management holds key for oil and gas upstream industry

Oil and gas companies are adopting intelligent automation tech developed to withstand the harsh weather conditions and provide real-time data

Brazil to lead crude and condensate production in Americas

Due to the liberalized oil and gas sector of Brazil, there are many crude and condensate production opportunities for international investors

US to keep providing natural gas exports to Mexico

Mexico, which is struggling with a decline in natural gas production, will be forced to rely on exports from the United States to meet growing demand according to a report by GlobalData.

Permian Basin production recovers from COVID-19

Crude oil and natural gas production from the Permian Basin is substantially increasing.

Hydrogen production capacity to rise 20-fold by 2030

With green hydrogen increasing, emissions are being reduced in the sectors involving refining and chemicals

Middle East leading global gas processing capacity

The Middle East is set to lead capacity growth in the global gas processing industry and account for around 37% to the global gas processing capacity growth by 2025.

Russia expected to lead the way new-build gas processing growth

Russia is expected to drive new-build gas processing capacity growth in the global gas processing industry from planned and announced (new-build) projects between 2021 and 2025.

North American leading LNG liquefaction capacity

North America is expected to lead the global liquefied natural gas (LNG) liquefaction capacity for the next several years, far outpacing Asia.

Oil and gas contracts declined in 2020

Due to COVID-19's effect on the overall economy, oil and gas contracts declined in 2020 according to GlobalData.

China to lead global chlorine capacity additions by 2025

GlobalData reports that chlorine capacity is poised to see considerable growth by 2025 with China leading the charge.

Augmented reality can disrupt traditional operations in oil and gas industry

Augmented reality is an evolving technology with the potential to cause major changes to traditional oil and gas operations.

Oil and gas activity driven in 2019 by trends

Themes drove a majority of the oil and gas mergers and acquisitions throughout 2019, according to GlobalData.

Pemex in no position to maintain output profitably regardless of OPEC+ requests

The OPEC+ agreement does not work well for Pemex, which was already struggling before the COVID-19 pandemic, according to GlobalData.

COVID-19 outbreak leads to a surge in tanker rates

Rates for chartering VLCCs has surged exponentially due to a spike in demand for long-term offshore storage of crude oil due to an OPEC dispute involving COVID-19 and the resulting oil price crash.

Permian Basin production has been negatively affected by oil price war, coronavirus

GlobalData reports that permian operators will remain forced to reduce their capex given the uncertainty generated by low oil demand and the coronavirus (COVID-19) related economic downturn as well as an oil flood by Russia and Saudi Arabia.

Manufacturers focusing on faster automation in wake of coronavirus

GlobalData reports that the coronavirus (COVID-19) has made manufacturers realize the need for faster automation and innovation, but it is going to take time to recover from the virus' economic effects.

Oil and gas deals drop in January

Oil and gas deals dropped almost 12% in January compared to the 12-month average, according to GlobalData.

Upstream sector led global oil and gas deals in 2019

Upstream mergers and acquisitions led the way in 2019 with the acquisition of Anadarko Petroleum being the highlight.

Capital discipline driving M&A activity in oil and gas industry

GlobalData evaluated how oil and gas companies are utilizing mergers and acquisitions (M&A) to realign their businesses with respect to changing market scenarios.

Low natural gas prices driving increased assets

Comstock's Cheaspeake Haynessville assets acquisition could increase their net present value by a third and almost double natural gas production.

Asset management is increasingly important for oil and gas companies

Asset management is obtaining greater relevance in enhancing operational efficiencies for oil and gas companies, according to a GlobalData report.

U.S. projected to lead LNG new-build liquefaction capacity by 2023

GlobalData reports the U.S. will contribute around 73% of global new-build LNG liquefaction capacity growth by 2023.

India projected to lead LNG regasification industry

GlobalData reports that India is expected to lead the global LNG regasification industry by 2023.

North America driving small-scale LNG liquefaction capacity additions

GlobalData reports that North America is expected to drive global small-scale LNG liquefaction capacity growth over the next five years with Asia and Russia rounding out the top three.

Recovery projects in Norway will unlock oil resources

GlobalData reported increased recovery projects in Norway, which will unlock substantial oil resources.

Upstream industry taking advantage of industrial internet

GlobalData reports that the upstream sector is witnessing more implementations of the industrial internet compared to other oil and gas sectors as they try to improve security and asset management.

Asia, North American markets to lead global ethylene capacity additions

GlobalData reported that global ethylene capacity is expected to expand quite a bit by 2023 with most of the growth happening in Asia and North America.

Robotics to drive increased production, efficiency for oil & gas market

GlobalData reports that oil and gas companies are turning to robotics to drive productivity and efficiency due to volatile prices.

U.S. leads global new-build trunk oil and gas pipeline additions

The U.S. is expected to add the highest trunk pipeline length in the global oil & gas pipelines industry between 2019 and 2023 according to GlobalData.

North America and Asia expected to lead global LNG project growth

GlobalData reports that North America is expected to lead in LNG liquefaction capacity by 2023 and Asia will lead in regasification.

US, India lead growth in global LNG liquefaction and regasification industries

The US and India are expected to lead capacity growth in the global LNG liquefaction and regasification industries from planned and announced (new-build) projects, respectively, up to 2023 according to GlobalData.

Predictive maintenance gains greater significance in oil and gas industry

GlobalData's report on predictive maintenance finds oil & gas companies are increasingly relying on it due to aging infrastructure and volatile crude pricing.

Licensing opportunities in the Americas increasing

GlobalData reported that licensing opportunities in the Americas have increased in 2019 with several countries, including the United States, planning to launch further licensing rounds.

Permian Basin a major source for onshore hydrocarbon production

GlobalData reported that production of crude oil and natural gas in the Permian Basin has grown each year since 2013 despite the oil & gas industry going through a downturn.

Digital oilfield advancing due to technology growth

Technology advances in sensing, automation, and connectivity have fueled digital oilfield growth according to a report by GlobalData.

Volatility driving oil and gas industry mergers and acquisitions

Falling revenues and rising debts compelled oil & gas companies to realign their strategic objectives and reshape their portfolios, according to a report from GlobalData.

Upstream oil and gas mergers, capital raising totaled $81 billion in Q3 2018

GlobalData reported almost $81 billion worth of deals in the upstream oil & gas sector in Q3 2018 with a majority performed in the Americas region.

Record revenues expected from Russia’s upstream oil and gas sector

Russia is set to reap record ruble revenues from the upstream oil and gas sector over the next six years thanks to tax changes and production growth.

Global growth projected in petrochemical market

GlobalData reported that Asia and the Middle East are expected to lead the way in petrochemical expansion over the next decade.

North America to lead global crude oil pipeline additions

GlobalData reports that North America is forecast to add the highest trunk pipeline length to the global crude oil pipelines industry with 44% of global planned additions by 2022.

China to lead global propylene growth, according to report

China and Asia as a whole is expected to lead the charge in global propylene growth over the next decade according to a report by GlobalData.

Permian well performance exceeding expectations

Companies operating in the Permian basin have drilled much longer laterals and used more complex well completion design in their newer wells with the aim of reaching higher initial production (IP) rates, according to GlobalData.

Midstream global capital activity increases in 2018

Global capital raising activity in the midstream sector totaled $55.9 billion in Q1 2018, a 52% increase from the previous quarter, thanks to increased activity in the Americas.

North America has highest refinery maintenance to end 2017

North America led with the highest refining capacity under maintenance with 2,742 thousand barrels per day (mbd) in Q4 2017, according to GlobalData.

Southeast Asia oil and gas projects to expand by 2020

An average capital expenditure (CAPEX) of $17.8 billion per year will be spent on 336 oil and gas fields in Southeast Asia between 2018 and 2020 with 63% of it devoted to shallow water projects.

Sub-saharan gas production projected to grow 18% by 2021

Sub-Saharan Africa is expected to spend around $33 billion as capital expenditure (CAPEX) on conventional gas and coal bed methane CBM projects between 2018 and 2021 and grow by 18%.

Qatar-focused operators to spend up to $10 billion in 2021

Almost $10 billion in capital expenditure (CAPEX) will be spent by Qatar-focused operators on gas projects between 2018 and 2021 with Qatar Petroleum driving a majority of the production.

South America oil and gas projects to have large impact on global output

Over $81.4 billion in capital expenditure (CAPEX) will be spent over the lifetime of the top ten upcoming oil and gas upstream projects in South America and will have a sizable impact on global supply by 2025, according to GlobalData.

Weekly Oil & Gas Engineering international news update: April 16

Reports on planned oil and gas pipelines in the EMEA region and Nigeria's plans to spend $25 billion on upstream CAPEX by 2020.

China projected to lead hydrocracker unit refinery capacity

Analysis of planned hydrocracker unit capacity of refineries shows China has the highest planned hydrocracker capacity globally with Nigeria and India running second and third, respectively.