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Sunday, September 27, 2020

Globaldata News

Saudi Aramco delivers crude oil cargo at Pengerang Deepwater Terminal 2 in Malaysia. Photo: Saudi Aramco

Aramco Signs 34 EPC Contracts Worth $18bn

Saudi Aramco has signed 34 engineering, procurement and construction (EPC) related contracts (worth over US$18bn) for projects such as the Marjan and Berri field incremental development program in Saudi Arabia, during Q3 2019, according to GlobalData.The most important is ADNOC’s US$3.6bn contract for the supply of one million metric tons of casing and tubing to support exploration and production activity in United Arab Emirates (UAE).The global oil and gas industry has witnessed a substantial boost from those contracts activity in the Middle East…

Graph: GlobalData

Australian Cruise Industry on Expansion Mode

The total domestic trips by sea in Australia are set to grow at a compound annual growth rate (CAGR) of 5.36% from 3.9 million in 2018 to 5.1 million by 2023, holding the highest growth rate among all other transport means.Traveling by sea throughout Australia is becoming a popular past time for the domestic travelers. As a result, cruise operators are increasingly joining forces to offer ‘bite-sized’ breaks along the coast for the domestic travelers, says GlobalData.Johanna Bonhill-Smith…

Graph: GlobalData

US to Drive New-Build Gas Capacity

The US is expected to drive new-build gas processing capacity growth in the global gas processing industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 24% of global gas processing capacity growth by 2023, according to GlobalData. The US is expected to have a new-build gas processing capacity of 16.9 billion cubic feet per day (bcfd) by 2023, a report titles ‘Global Capacity and Capital Expenditure Outlook for Gas Processing Plants'…