Marathon Oil recovered from the huge loss in Q2 2020, but its future cash flow will rely heavily on WTI prices in 2021 with breakeven at $35 per bbl
Marathon Oil posted a net loss of $317m in Q3 2020, recovered by 50% compared to Q2 2020 mainly due…
19 Jan 2021
It’s time for Oil & Gas companies to invest in AI
The Oil & Gas sector has been slow to adopt AI. Only 56% of O&G executives surveyed by GlobalData said they fully understood the technology. Slow adoption is normal for…
15 Jan 2021
Weak natural gas demand from regional and export markets weighed on production from Appalachia Basin in 2020
GlobalData’s latest report, 'Marcellus and Utica Shales in the US, 2020 – Gas Shale Market Analysis and Outlook to 2021' provides a comprehensive review of the natural gas appraisal and…
12 Jan 2021
Marcellus and Utica Shales in the US, 2020 – Oil and gas shale market analysis and outlook until 2021
The Appalachia Basin, which is made up of the Marcellus formations and the Utica Shale, accounted for more than 40% of the natural gas produced in the US in 2020.…
07 Jan 2021
Asia to lead global ethylene capacity additions
GlobalData’s latest report, ‘Global Ethylene Capacity and Capital Expenditure Outlook, 2020-2030 – Asia Leads Globally in Terms of Planned and Announced Ethylene Capacity Additions’ states that the global capacity is…
07 Jan 2021
Impact of Covid-19 on Asia Pacific Midstream Segment
Lockdowns and travel restrictions across the globe to contain COVID-19 spread has led to low oil and gas demand and a decline in global energy prices. In response to this,…
07 Jan 2021
Partners start gas production from Sharjah asset
SNOC and Eni have started gas production from the Mahani field within a year of making the onshore discovery in Sharjah Government-owned Sharjah National Oil Corporation (SNOC) and its partner,…