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Tag: Oil and Gas

AI breakthroughs, market growth

AI breakthroughs, market growth Article by Gadjo Sevilla   EMARKETER: A year of AI expansion: Google focused on AI innovation—integrating its Gemini AI across products while addressing safety concerns and fierce competition from OpenAI, Microsoft, and Meta. Alphabet, Google’s parent company, reported a 15% YoY revenue increase in Q3 2024, reaching $88.3 billion, but now faces mounting regulatory pressure, including a potential Chrome browser breakup that threatens its search dominance. Google’s continued AI expansion: Google is a key player in the...

Yemen reports the highest burden of cholera globally

 Yemen reports the highest burden of cholera globally Yemen bears the highest burden of cholera globally. The country has experienced persistent cholera transmission for many years, including the largest outbreak – between 2017 and 2020 – recorded in recent history. As of 1 December, Yemen had reported 249 900 suspected cases of cholera, with 861 associated deaths since the beginning of the year. This accounts for...
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China to account for more than quarter of caustic soda capacity additions in Asia by 2026

China to account for more than quarter of caustic soda capacity additions in Asia by 2026 China will register the highest caustic soda capacity additions...

Asia accounts 61% of global ethylene capacity additions

Asia accounts 61% of global ethylene capacity additions Asia is expected to lead the global ethylene industry capacity growth from new-build and expansion projects by...

ExxonMobil’s ‘scope 3’ emissions set to rise despite ‘net zero’ pledge

ExxonMobil’s ‘scope 3’ emissions set to rise despite ‘net zero’ pledge Following ExxonMobil’s announcement of an ambition to achieve net-zero emissions for operated assets by...

Trinidad and Tobago to dominate natural gas production from upcoming projects in Americas in 2025

Trinidad and Tobago to dominate natural gas production from upcoming projects in Americas in 2025 Trinidad and Tobago is expected to contribute around 25% or 820...

How much is Blue hydrogen to account of low-carbon hydrogen capacity by 2030?

How much is Blue hydrogen to account of low-carbon hydrogen capacity by 2030? Hydrogen markets are taking off around the world, and GlobalData expects low-carbon...

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...

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...

Global demand is set to drop by 5%, investment by 20%

Global demand is set to drop by 5%, investment by 20% The COVID-19 pandemic has caused more disruption to the energy sector than any other...

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...

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...

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...