The Former Soviet Union (FSU) is expected to lead the global planned and announced working gas capacity additions, contributing approximately 34% of the total global capacity additions by 2025, says […]
Oil & Gas
Trending topics and news from the Oil & Gas category
Back to news homeOil-producing countries could lose up to $82bn a year due to global gas flaring, says GlobalData
Gas flaring – the combustion of unwanted natural gas produced during oil recovery – is losing many oil-producing countries up to $82bn*, according to GlobalData. The leading data and analytics […]
Brazil to lead crude and condensate production from upcoming projects in Americas in 2025
Brazil is expected to contribute about 48% or 1,350 thousand barrels per day (mbd) of Americas crude and condensate production in 2025 from planned and announced projects (new build projects, […]
Trinidad and Tobago to dominate natural gas production from upcoming projects in Americas in 2025, says GlobalData
Trinidad and Tobago is expected to contribute around 25% or 820 million cubic feet per day (mmcfd) of the Americas natural gas production in 2025 from planned and announced projects […]
Venezuela’s heavy oil project reserves will be left stranded as international players divest their interest, says GlobalData
Two international oil and gas players in Venezuela, TotalEnergies and Equinor, recently divested their respective 30.32% and 9.67% interest in the largest project, Petrocedeno, to the state-owned Petróleos de Venezuela […]
Aggressive oil exploration needed in Colombia to avoid high imported gas prices and fracking, says GlobalData
Colombia needs to pursue a much more aggressive oil exploration strategy in order to avoid highly contested fracking activities or an increase in gas prices as a result of importing, […]
US shale producers remain disciplined with production and capital guidance despite high oil prices, says GlobalData
The speed at which new rigs are put to new developments is considerably less than in previous price cycles. Most US shale producers are being conservative in their production and […]
ESG disruption will shake up oil and gas market and is an opportunity for companies, says GlobalData
Hydrocarbon demand is set to fall in the coming decades due to the measures the Paris Agreement signee governments will take to discourage emissions and ensure the success of net-zero […]