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GlobalData: Digital twins to become mainstay for oil and gas

Digital twins to become mainstay for oil and gas operations as companies look to optimise costs, according to GlobalData. ....

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GlobalData: digital twins to become mainstay for oil and gas operations as companies look to optimise costs

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The oil and gas industry, which is traditionally a laggard in the adoption of connected technologies, is increasingly deploying digital twins to improve decision-making. The prevailing industry downturn from COVID-19 has heightened the need to reduce costs and make operations more sustainable with technology, says GlobalData, a leading data and analytics company.
Worldwide lockdowns have significantly impacted global energy demand, while also causing project delays due to supply chain disruptions. The downturn has aggravated the need for improving the overall asset visibility to identify areas for cost reduction. Digital twins are key to achieving this objective and ensuring sustainable operations in the long run. ....

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India to lead global planned and announced oil and gas trunk pipeline length additions by 2025, says GlobalData

Home / Oil & Energy / Oil & Companies News / India to lead global planned and announced oil and gas trunk pipeline length additions by 2025, says GlobalData
India to lead global planned and announced oil and gas trunk pipeline length additions by 2025, says GlobalData
India is expected to lead the global planned and announced trunk or transmission pipeline length additions projects among the countries between 2021 and 2025, contributing around 23% of global pipeline additions by 2025, says GlobalData, a leading data and analytics company.
The company’s report Global Length and Capital Expenditure Outlook for Oil and Gas Pipelines, 2021–2025 – India and the US Lead Global Pipelines Growth, reveals that India is set to have a planned pipeline length of 24,526 km and an announced pipeline length of 5,087 km by 2025. ....

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India to lead oil and gas pipeline additions by 2025

India is expected to lead the global planned and announced trunk pipeline length additions projects between 2021 and 2025, contributing around 23% of global pipeline additions by 2025, said GlobalData, a leading data and analytics company. ....

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Global oil and gas contracts activity relatively stable in Q1 2021 with marginal improvement in crude oil prices, says GlobalData

Home / Oil & Energy / Oil & Companies News / Global oil and gas contracts activity relatively stable in Q1 2021 with marginal improvement in crude oil prices, says GlobalData
Global oil and gas contracts activity relatively stable in Q1 2021 with marginal improvement in crude oil prices, says GlobalData
Oil and gas contract activity remained relatively stable in Q1 2021, with the industry recording a marginal decrease in the number of contracts and at the same time an increase in disclosed contract value, according to GlobalData, a leading data and analytics company.
The latest report by GlobalData, ‘Q1 2021 Global Oil & Gas Industry Contracts Review’, notes that the number of oil and gas contracts declined while value increased with 1,330 in Q4 2020, with a value of $25.5bn, as compared to 1,282 in Q1 2021, totalling $29.3bn. ....

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