Portugal, as part of the EU, is a signatory to the Paris Agreement and is required to contribute to the bloc-wide overall targets of reducing GHG emissions by 40% below 2005 levels and increasing the […]
The global lockdown to contain the COVID-19 pandemic has led to low oil and gas demand and a decline in the global energy prices. Against this backdrop, several companies in the Asia-Pacific (APAC) region have […]
North America is expected to have the maximum share of the global oil and gas trunk/transmission pipeline length by 2024, representing around 43%. Running for a length of 899,399 kilometres, the region continues to lead […]
Asia had the highest crude oil refinery capacity under maintenance (both planned and unplanned) globally in 2020. The region had a refining capacity of 11,524 thousand barrels per day (mbd) under both planned and unplanned […]
The global propylene capacity is expected to potentially increase from 129.80 million tonnes per annum (mtpa) in 2019 to 191.84 mtpa in 2030 registering a total growth of 48%. China accounts for 48% of the […]
The shale gas advantage of North American petrochemical majors provides a boost for investments in the region, primarily in the US. However, the oil price crash narrowed this advantage and is likely to affect profitability. […]
Global methanol capacity is poised to see considerable growth by 2030, potentially increasing from 148.44 million tonnes per annum (mtpa) in 2019 to 310.94 mtpa in 2030, registering a total growth of 109%. Russia, Iran […]
Total SA has dominated in terms of long-term liquefied natural gas (LNG) import contract volumes signed by key purchasing companies for the year 2020, with almost 38% of global contracted capacity, according to GlobalData, a […]
Shale operators slashed their planned capital expenditure (capex) for 2020 to account for the oil price crash, which inevitably led to decline in drilling and completion activity in the Eagle Ford play. Hence, crude oil […]
Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71% of the region’s total growth. Nigeria is likely to add 1.5 million barrels per day (mmbd) of refinery capacity […]
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