The importance of predictive maintenance has increased in oil and gas operations against the backdrop of ageing infrastructure and volatile crude pricing, according to data and analytics company GlobalData
Gas
Global gas consumption grew at fastest rate since recovery from financial crisis
Global gas consumption is estimated to have increased by 4.7 per cent to 3850 bcm, its fastest growth since 2010, when demand rebounded after the financial crisis, according to the International Information Centre on Natural Gas (Cedigaz)
Booming LNG faces major swings in supply-demand balance
The global LNG market is set to see major swings between excess demand and excess supply over the next five years
LNG demand spurs across the globe
The global trade in liquefied natural gas (LNG) is spurring a second natural gas revolution, underpinning the shift towards a more flexible, resilient and interconnected global gas market, according to the International Energy Agency (IEA)
‘Managing gas portfolios on commercial basis is vital’
Strategy&, part of the PwC network, stated in a new report that GCC governments could generate US$10bn per year in additional GDP and foreign earnings or support the creation of 100,000 jobs by applying commercial principles to the management of their gas portfolios
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