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Oil & Gas

Oil and gas industry contract value declines

Oil and gas industry contract value declines With rising inflation and an increasing capital cost borrowing environment posing challenges for upcoming oil and gas projects, the overall oil and gas industry’s disclosed contract value saw a significant quarter-on-quarter (QoQ) decrease of 48% in Q1 2023, reveals GlobalData, a leading data and analytics company. GlobalData’s latest report, “Oil and Gas Industry Contracts Analytics by Sector (Upstream, Midstream and...

Who will have a quarter of the crude oil refinery projects in Asia?

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, driven by growing refining capacity to meet the rising demand for plastics and petroleum products, finds GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Crude Oil Refinery New-Build and Expansion Projects Analytics and Forecast by Project Type, Regions,...
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Significant additional capacity for CCUS will be needed to achieve net-zero emission targets

Significant additional capacity for CCUS will be needed to achieve net-zero emission targets There are approximately 28 commercial Carbon Capture Utilisation and Storage facilities (CCUS)...

Renewable resources discussions grow multifold in 2020 as fossil fuel demand dwindles

Renewable resources discussions grow multifold in 2020 as fossil fuel demand dwindles ‘Renewable energy’ mentions in oil and gas companies’ earnings transcripts increased by over...

Boosting investments allocation among oil and gas operators could strengthen production

Boosting investments allocation among oil and gas operators could strengthen production The Denver Julesburg (DJ) Basin located in Colorado and Wyoming has experienced a constant...

US oil & gas industry M&A deals total $54.76bn in Q3 2020

US oil & gas industry M&A deals total $54.76bn in Q3 2020 Total oil & gas industry M&A deals in Q3 2020 worth $54.76bn were...

Morgan Stanley and Evercore were top M&A financial advisers in oil and gas sector

Morgan Stanley and Evercore were top M&A financial advisers by value and volume in oil and gas sector for Q1-Q3 2020, says GlobalData Morgan Stanley...

HR units must adapt quickly to stay connected to workforce

Major Middle Eastern markets ended lower on Monday, after oil prices slid on the possible return of Libyan production and as rising COVID-19 cases...

Growing digitalization makes the oil and gas industry more vulnerable to cyberattacks

Growing digitalization makes the oil and gas industry more vulnerable to cyberattacks The oil and gas industry is increasingly relying on digital technologies to transform...

US oil market shows right trend at a slow pace

US oil market shows right trend at a slow pace Following the release of official weekly US Energy Information Administration data on stocks, demand and...

Divergent economic outlooks for North and South Americas’ oil and gas producing countries, says GlobalData

Divergent economic outlooks for North and South Americas’ oil and gas producing countries, says GlobalData Operators in the Americas region have had to manage projects...

MENA oil and gas pipeline sector still reeling from impacts of weak demand and COVID-19

MENA oil and gas pipeline sector still reeling from impacts of weak demand and COVID-19 The Middle East and African (MENA) oil and gas pipelines...

North American oil & gas pipeline sector continues working out strategies against weak economy and COVID-19

North American oil & gas pipeline sector continues working out strategies against weak economy and COVID-19 Weak economic outlook coupled with the impact of COVID-19...

Is reduced demand for global oil supply PERMANENT?

Is reduced demand for global oil supply PERMANENT? Some stress had already begun to appear in the global oil markets at the turn of the...