GlobalData


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Oil Sanctions on Venezuela No Longer Needed at Full Scale, Says GlobalData

On Monday 21 st May President Donald Trump signed a new executive order aimed at prohibiting certain oil related transactions with Venezuela. This new sanction package is, however, symbolic in comparison to the more targeted sanctions previously considered that would limit exports of Venezuelan cr ...

OilVoice Press - OilVoice


Posted 8 months agoOpinion > OilSanctionsGlobalData +2

Brazilian Presalt Continues to Deliver High Productivity Performance, Says GlobalData

Presently, ultra-deepwater Brazilian presalt prevails by delivering high productivity performance assurance to the industry expectations and to the government advantage, according to GlobalData , a leading data and analytics company. The top ten planned and announced presalt areas in Brazil wil ...

OilVoice Press - OilVoice


Posted 8 months agoOpinion > BrazilPresaltGlobalData +1

Nigerian National Petroleum Corporation Drives Sub-Saharan Africa Gas Production in 2021, says GlobalData

Sub-Saharan Africa's gas production will grow by 18 percent by 2021 to 9.1 billion cubic feet per day (bcfd). Nigerian National Petroleum Corporation will drive Sub-Saharan Africa's gas production with 34.2 percent share of all the production in 2021. Royal Dutch Shell Plc and Eni SpA follow with 1 ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > GlobalDataNigeriaNigeria National Petroleum +6

Cost Control is Key in Iraq’s New Contract Model, Says GlobalData

The winners of Iraq's latest bid round will need to keep costs low to achieve competitive returns compared to previous contracts, according to GlobalData , a leading data and analytics company. The country's first round since 2012 closed on April 26, with most major E&Ps staying away and only 6 ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > GlobalDataIraqCost Control +2

Postponements Lead to Fall in Planned Global Upstream Oil & Gas Projects to 2022, Says GlobalData

Analysis of the global upstream in March 2018 revealed that oil and gas production is expected to increase by 2.3 percent between 2018 and 2022. Globally, total production outlook is expected to increase to 60,997 million barrels of oil equivalent (mmboe) by 2022. The total production outlook in 20 ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > Oil & Gaso&gGlobalData +4

Over $9.9bn in Capex Will be Spent by Qatar-Focused Operators on Gas Projects to 2021, Says GlobalData

Over $9.9bn in capital expenditure (capex) will be spent by Qatar-focused operators on gas projects between 2018 and 2021 to ensure that country's production will remain around 18.1 billion cubic feet per day (bcfd) in 2021, according to GlobalData , a leading data and analytics company. Qatar ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > QATARgasGlobalData +3

Over $180bn Will be Spent on 88 Upcoming Oil and Gas Fields in Africa to 2025, Says GlobalData

Over $180bn will be spent on 88 upcoming oil and gas fields between 2018 and 2025. Capital expenditure (capex) into Africa's conventional oil, heavy oil and unconventional oil projects will add up to $88bn, $2bn and $3bn respectively over the eight-year period, according to GlobalData , a leadin ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > GlobalDataOilgas +4

Over $142bn Will be Spent on 97 Upcoming Oil and Gas Fields in North America to 2025, Says GlobalData

Over $142bn will be spent on 97 upcoming oil and gas fields between 2018 and 2025. Capital expenditure (capex) into North America's conventional oil and gas projects will add up to $91bn and $2.9bn, respectively over the eight-year period, with $82.6bn of capex contributing from the offshore fields ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > North AmericaOilgas +6

Over $81.4bn Will be Spent on Top 10 Oil and Gas Upstream Projects in South America to 2025, Says GlobalData

Over $81.4bn in capital expenditure (capex) will be spent over the lifetime of the top ten upcoming oil and gas upstream projects in South America to produce 8.4 billion barrels of oil equivalent, according to GlobalData , a leading data and analytics company. These 10 projects, selected from 7 ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > GlobalDataOilgas +4

4th Offshore Licensing Round Offers Sierra Leone Opportunity to Expand its Upstream Sector, Says GlobalData

With the Atlantic Margin of Africa firmly positioned on a steeply rising limb of the creaming curve, Sierra Leone's 4th Offshore Licensing Round offers explorers the opportunity to enter into an emerging petroleum province at a favorable time, though changes to Sierra Leone's fiscal terms make the ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > GlobalDataupstreamSierra Leone +4

Petrobangla and Kuwait Petroleum Lead Global Regasification Capacity Additions to 2022, Says GlobalData

Global liquefied natural gas (LNG) regasification capacity is expected grow by 39.6 percent between 2018 and 2022, from 45.9 trillion cubic feet (tcf) in 2018 to 64.1 tcf in 2022. Among global companies, both Bangladesh Oil, Gas and Mineral Corp (Petrobangla) and Kuwait Petroleum Corporation lead i ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > Kuwait Petroleum CorporationKuwait PetroleumKuwait +5

Petrobras Will Drive Over 76 Percent of Brazil’s Crude and Condensate Production to 2021, Says GlobalData

Petróleo Brasileiro S.A.'s (Petrobras) liquids production is expected to grow to 2.7 million barrels per day (mmbd) by 2021. Although in decline, the prolific Roncador field will still drive company's oil production with over 8.3 percent share of all the production in 2021. Buzios III (Franco) and ...

OilVoice Press - OilVoice


Posted 10 months agoOpinion > GlobalDataPetrobrasBrazil +5

Over $36.9bn Will Be Spent on Top 10 Offshore Heavy Oil Projects to 2025, Says GlobalData

Over $36.9bn in capital expenditure will be spent over the lifetime of the top 10 upcoming offshore heavy oil projects to produce 2.6 billion barrels of oil. These 10 projects, selected from 18 upcoming offshore heavy oil projects globally, will contribute incremental capacity of 400.5 thousand bar ...

OilVoice Press - OilVoice


Posted 10 months agoOpinion > OffshoreGlobalDataOil +4

Venezuela’s Long Road to Production Collapse Fueled by Challenging Reservoirs and Underinvestment, Says GlobalData

The collapse of the Venezuelan economy has been fed by a continuing drop in crude oil production. The country's annual production has gone from an estimated 2.86 million barrels per day (mmbd) in 2010 to 2.07mmbd in 2017. The steepest production declines have occurred in the mature fields of the Ma ...

OilVoice Press - OilVoice


Posted 10 months agoOpinion > GlobalDataVenezuelaOil +7

US Leads Globally in Planned Polyethylene Capacity Additions to 2022

Analysis of the global planned polyethylene capacity shows that the US has the highest planned polyethylene capacity additions globally with 9.4 million tonnes per year (mtpa) during 2018 to 2022, followed by Iran and China with 5.8 mtpa and 4.4 mtpa respectively, according to GlobalData , a lea ...

OilVoice Press - OilVoice


Posted 10 months agoOpinion > United StatesUSGlobalData +3