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21 May 2018
New Zealand’s offshore ban a slow start to decarbonisation
New Zealand’s decision to ban offshore drilling is tokenistic, given the country’s negligible oil production and continuing onshore extraction.
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8 May 2018
UK leads on planned North Sea projects
GlobalData’s latest report indicates that a total of 46 crude and natural gas projects are expected to start operations in four countries in the North Sea during 2018–2025.
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8 May 2018
Gazprom leads in total production outlook among NOCs
GlobalData’s latest report, “Quarterly Upstream Benchmarking of NOCs - Gazprom Leads in Total Production Outlook,” shows that among NOCs considered, Gazprom has the highest remaining reserves for producing, planned and...
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4 May 2018
Over $46.3bn to be spent on Southeast Asia’s upstream capex through 2020
GlobalData expects that an average capex of $17.8bn per year will be spent on 336 oil and gas fields in Southeast Asia between 2018 and 2020.
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2 May 2018
Novel contracting strategies central to unlocking value for African FLNG Projects
Strategies for managing risk associated with capital expenditure and realised sales prices form differentiators for FLNG projects across Africa.
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30 April 2018
Sub-Saharan Africa gas production to grow 18% by 2021
Sub-Saharan Africa’s gas production will grow by 18% by 2021 to 9.1 billion cubic feet per day (bcfd), according to GlobalData’s latest analysis of the region.
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25 April 2018
Brazil leads FPSO deployments globally and in South America
The latest report from Global Data, ‘Quarterly Global FPSO Industry Outlook – Brazil Leads FPSO Deployments in South America’ suggests that 74 planned and announced FPSOs are expected to start...
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24 April 2018
Russia’s new oil tax bill promises a big change, but with limited scope
On 18 April, Russia’s Ministry of Energy proposed widening the application of the pilot scheme for a profit-based tax system on oil production to stimulate greater levels of investment and...
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19 April 2018
New offshore projects drive capex in North America
GlobalData expects that over $142bn will be spent on 97 upcoming oil and gas fields between 2018 and 2025.
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19 April 2018
Qatar Petroleum to drive Qatar gas production in 2021
Over $9.9bn in capital expenditure (capex) will be spent by Qatar-focused operators on gas projects over the next four years to ensure that country’s production will remain around 18.1 billion...
