China set to drive global ethylbenzene capacity by 2023
China is set to drive capacity growth in the global ethylbenzene industry from planned and announced plants between 2019 and 2023, contributing around 59% of global growth by 2023, says GlobalData.
The global O&G contract value hits USD42B in Q2 2019
The global oil and gas industry’s total contract value reached USD42bn in Q2 2019, a massive 79% increase on Q1’s value of USD23.4bn according to GlobalData.
Israel emerge as a gas exporter by mid-2020s
Israel has gone through an energy production revolution owing to discoveries of natural gas resources such as the Tamar and Leviathan fields over the past decade.
Russia to contribute 32% of gas capacity growth by 2023
Russia is expected to drive the growth in the global underground gas storage industry between 2019 and 2023, contributing around 32% of the working gas capacity growth from planned and announced projects, according to GlobalData, a leading data and analytics company.
Over $811bn expenditure on oil and gas fields
Over USD 811B will be spent on 615 upcoming oil and gas fields between 2018 and 2025. Globally, capital expenditure (capex) into conventional oil, heavy oil, oil sands and unconventional oil projects would add up to USD 352B, USD 44B, USD 43.
Major investment in North Sea
An average capital expenditure (capex) of USD 19.5B per year is forecast to be spent on 568 oil and gas fields in North Sea between 2018 and 2020, according to GlobalData, a leading data and analytics company.
USD 54bn on Brazil’s oil, gas expenditure
An average capex of USD 18.2bn per year is forecast to be spent on 382 oil and gas fields in Brazil between 2018 and 2020, according to GlobalData.
India in top 5 planned pipelines
Analysis of global planned trunk/transmission oil and gas pipelines for the period 2018 to 2022, shows that the Xinjiang–Guangdong–Zhejiang SNG gas pipeline in China is the longest planned pipeline globally with a length of 8,972 kilometres (km), according to GlobalData, a leading data and analytics company.
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