Major Economies Set for Moderate Slowdown in 2019, says GlobalData
Major global economies, including the US, the EU region, Indonesia, Russia and China, are set for a moderate slowdown in 2019 owing to uncertainties related to the protectionist policies advocated by various national governments, lower levels of consumer confidence and high levels of national debts, according to GlobalData, a leading …
Russia has Highest Capex on Crude and Natural Gas Projects in Former Soviet Union Over Next Seven Years
Russia accounts for more than 90% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the Former Soviet Union (FSU) over the period 2018–2025, according to GlobalData, a leading data and analytics company. The company’s report: ‘H2 2018 Production and Capital Expenditure Outlook …
GlobalData: China and Russia Remain Key Allies for Venezuela
Following the recent visit of President Nicolas Maduro to China to sign cooperation agreements and seeking more financial support from the Chinese government, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the impact on the upstream sector: “Financial support …
GlobalData: Record Russian Budget Revenues Forecast from Oil&Gas
Russia is set to reap record ruble revenues from the upstream oil and gas sector over the next six years, according to GlobalData, a leading data and analytics company. As the country’s oil export duties are phased out over the 2019-2024 period by the so-called tax maneuver, Mineral Extraction Tax …
Russia Further Aligns with OPEC to Control Crude Production, says GlobalData
“Solidifying of the Russian-OPEC relationship at Friday’s 174th Meeting of the OPEC Conference in Vienna was a desired outcome for Russia, even if production increase commitments were smaller than advocated by the country’s representatives,” says Anna Belova, Senior Analyst for Oil & Gas at GlobalData, a leading data and analytics …
GlobalData: Russia’s New NDM Tax Scheme Scope is Limited
The scope of Russia’s profit-based tax (NDM) pilot scheme will still be limited in the context of Russia’s upstream sector, according to GlobalData, a leading data and analytics company. In April 2018, Russia’s Ministry of Energy proposed widening the application of the pilot scheme for an NDM system on oil …
Top 10 Global Onshore Gas Projects to Add 13.4 Billion Cubic Feet Per Day by 2025, Says GlobalData
Over $103.4bn in capital expenditure will be spent over the lifetime of the top 10 onshore gas projects to produce 125 trillion cubic feet (tcf) of natural gas, according to GlobalData, a leading data and analytics company. These 10 projects, selected from 101 upcoming onshore projects globally, will contribute incremental capacity …
Gazprom Will Drive Over 60% of Russian Gas Production in 2021, Says GlobalData
Natural gas production analysis shows that over $55.7bn in capital expenditure (capex) would be spent by Russia-focused operators on gas projects over the next four years to ensure that country’s production remains around 61 billion cubic feet per day (bcfd) in 2021 according to GlobalData, a leading data and analytics company. …
Onshore Fields Account for More Than Half of ExxonMobil’s Crude Production to 2021, says GlobalData
Analysis of upstream crude oil production shows that over $39.2bn in capital expenditure (capex) is forecast to be spent by ExxonMobil on oil projects over the next four years to ensure that its production remains around 2.1 million barrels per day (mmbd) in 2021. The Upper Zakum field would drive …
GlobalData: Russia Led the World for Oil and Gas Discoveries in Q3 2017
A total of 30 oil and gas discoveries were made in the third quarter of 2017. Of these, 18 are conventional oil, one is heavy oil, one is unconventional gas, and the remaining 10 are conventional gas, according to GlobalData, a leading data and analytics company. Among countries, Russia leads …