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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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Global oil and gas contract activity reports downtrend amid COVID-19 outbreak during Q1 2020

Global oil and gas contract activity reports downtrend amid COVID-19 outbreak during Q1 2020 The global oil and gas industry has witnessed a significant slowdown...

Shareholders prioritized as big oil’s first quarter earnings slump

Shareholders prioritized as big oil’s first quarter earnings slump Earnings of major international oil and gas producing companies have suffered in the first quarter of...

COVID-19 hampers oil and gas services industry business outlook

COVID-19 hampers oil and gas services industry business outlook The COVID-19 pandemic impact has devastated crude oil demand as the majority of the end user...

Crude production cuts in the US too slow to support the price as storage runs out by mid-May

Crude production cuts in the US too slow to support the price as storage runs out by mid-May Following the historic fall of the West...

Slump in fuel demand and lack of storage capacity force Indian refiners to issue force majeure notices

Slump in fuel demand and lack of storage capacity force Indian refiners to issue force majeure notices The extended lockdown announced by India to curtail...

Global oil & gas industry M&A deals total $5.6bn in February 2020

Global oil & gas industry M&A deals total $5.6bn in February 2020 Total oil & gas industry M&A deals in February 2020 worth $5.6bn were...

Oil’s demand plunge doing more damage than the price war

Oil’s demand plunge doing more damage than the price war Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut...

Volatile oil and gas market attracts short sellers

Volatile oil and gas market attracts short sellers With oil prices suffering their biggest fall for decades due to the Covid-19 coronavirus outbreak and a...

Saudi Oil price war unlikely to have quick end

Saudi Oil price war unlikely to have quick end Following the news that Saudi Arabia is responding to Russia’s refusal to a new oil production...

The French Oil & Gas Industry on display at ADIPEC

 The French pavilion, organized by Business France, the national agency supporting the international development of the French economy, will gather 44 companies, of which...

Oil and gas industry gearing up for robotics adoption

Oil and gas industry gearing up for robotics adoption to drive productivity and efficiency, says GlobalData.  The oil and gas industry is gearing up to...

Uganda selects Consortium to develop and operate a greenfield Oil Refinery

Uganda selects Consortium to develop and operate a greenfield Oil Refinery Following the favourable evaluation of its private sector-led offer by the Uganda Government, the...