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NEWS |
Cybersecurity spending in the energy industry will rise to US$10 billion by 2025
The rapid digitalisation of the oil and gas industry has made the industry increasingly vulnerable to cyberattacks, says GlobalData.
NEWS |
Oil & gas contracts activity increased in 2021 due to improved crude prices, says GlobalData
Annual oil and gas contracts activity reported an increase of 9% in the number of contracts and a substantial increase of 51% in disclosed contract value in 2021, says GlobalData, a leading data and a (...)
NEWS |
Robotics essential to the oil and gas industry
Robot renting — also known as the robot as a service (RaaS) — is expected to revolutionise the way oil & gas companies approach robotics, according to GlobalData.
NEWS |
Energy Sector moves closer to unmanned operations
Oil majors are looking to automate their assets to reduce the impact of demand fluctuation on revenues, according to GlobalData.
NEWS |
South America’s offshore production to surpass North America’s by 2024, says GlobalData
South America’s offshore production to surpass North America’s by 2024, says GlobalData
NEWS |
Global oil and gas contracts activity continued downtrend during Q2 2020, says GlobalData
The global oil and gas industry has witnessed a continual slowdown in the number of oil and gas contracts, as companies are finding it difficult to proceed further due to stressed capital, crude oil p (...)
NEWS |
Equinor sets out to retain leading role among oil majors in energy transition, says GlobalData
Following today’s announcement of Equinor’s appointment of a new CEO, with an increased focus on the energy transition...
NEWS |
Chevron’s Noble Energy takeover bets on gas future
Chevron’s recently announced Noble Energy takeover bets on future natural gas demand and more geographic diversity, according to GlobalData.
NEWS |
UK upstream sector remains resilient through turbulent times, says GlobalData
The UK upstream oil and gas sector has become leaner and more resilient over recent years, as pullbacks in investment and reduced operating costs has helped provide a stronger cash flow outlook under (...)
NEWS |
Bakken producers desperate to shut in wells until crude oil price recovers, says GlobalData
Bakken production is expected to fall through 2020, however it will remain above 1million barrels of oil equivalent per day (mmboed) at the end of this year, according to GlobalData a leading data and (...)
NEWS |
Total’s upstream business better placed to weather 2020 market volatility than its European peers, says GlobalData
Total SA’s (Total) robust upstream business tops the European majors’ peer group when assessed against the impact of COVID-19 and the current oil price volatility, says GlobalData, a leading data and (...)
NEWS |
COVID-19 triggers delays in projects and investment decisions in European petrochemical sector, says GlobalData
The COVID-19 outbreak has damaged supply chains and impacted labor availability across Europe, which has direct implications on upcoming petrochemical projects currently under construction/commissioni (...)
NEWS |
Depressed demand and falling oil and gas prices challenges global LNG sector, says GlobalData
The global liquefied natural gas (LNG) sector has been hit by supply overhang followed by COVID-19-induced economic slowdown and lower demand worldwide.
NEWS |
Covid-19 is causing a global economic slowdown, says GlobalData
China has established itself as the most dominant country among the emerging economies. However, when Wuhan City in Hubei became ground zero for COVID-19 outbreak, it resulted into a pronounced slowdo (...)
NEWS |
Production in Bakken formation expected to drop by 170 thousand boe per day in 2020, says GlobalData
Following the expected cuts in capital expenditure (capex) for shale operators in the Bakken due to demand shock from the coronavirus (COVID-19) and supply shock from the Russia-Saudi price war....
NEWS |
Russia to drive Former Soviet Union’s refining industry capacity growth by 2024, says GlobalData
Russia is expected to lead the refining industry capacity growth in the Former Soviet Union (FSU) from active and upcoming (planned and announced) projects, accounting for 56% of the total capacity gr (...)
NEWS |
UK oil and gas industry M&A deals worth US$1.75 billion in 4Q19
Total oil and gas industry merger and acquisition (M&A) deals in 4Q19 worth US$1.75 billion were announced in the UK, according to GlobalData’s deals database.
NEWS |
Upstream sector led global oil and gas M&A deals in 2019, says GlobalData
The upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating some high-value transactions during the process.
NEWS |
UK-EU oil and gas ties to remain strong post-Brexit, says GlobalData
As the UK leaves the EU, ripple effects will be felt throughout the UK economy. For the oil and gas industry, changes will occur but the impact of Brexit is unlikely to hamper the strong industry ties (...)
NEWS |
ExxonMobil Fuels incurs highest crude oil refinery maintenance globally in 2019, says GlobalData
ExxonMobil Fuels and Lubricants Co (ExxonMobil Fuels) had the highest crude oil refinery capacity under maintenance (both planned and unplanned) among all the refinery operators globally in 2019, acco (...)
NEWS |
Sheer volume of data being created by oil and gas companies driving adoption of big data, says GlobalData
Oil and gas assets are increasingly fitted with a multitude of Internet of Things (IoT) sensors, causing exponential growth in data. This, in turn, is increasing the need for adoption of data manageme (...)
NEWS |
2020 budget spells more bad news for companies in Kuwait, says GlobalData
2020 budget spells more bad news for companies in Kuwait, says GlobalData
NEWS |
Middle East set to contribute 17% of global new-build trunk petroleum products pipeline length additions by 2023, says GlobalData
The Middle East is expected to contribute 17% of global new-build trunk/transmission petroleum products pipeline length additions by 2023, says GlobalData, a leading data, and analytics company.
NEWS |
Saudi Aramco still betting on oil expansions, says GlobalData
Saudi Aramco is continuing to focus significant efforts on crude oil expansion, according to GlobalData, a leading data and analytics company.
NEWS |
Oil and gas companies getting attracted towards enormous resource potential of the Arctic region, says GlobalData
The Arctic region is largely under-explored due to its cold, harsh climatic conditions, frozen seas and lack of investment in infrastructure development....
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