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UK drives upcoming oil and gas projects in Europe, says GlobalData The UK is expected to drive the upcoming projects across oil and gas value chain in Europe, accounting for about 25% of the total projects which are likely to start operations by 2025. Amongst these, new build projects lead with 62% while the remaining are expansion projects mainly in the upstream sector (fields), according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Europe Oil and Gas Projects Outlook to 2025 – Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects’, reveals that 111 projects are expected to commence operations in the UK during the period 2021-2025. Out of these, 83 will be upstream projects, 23 will be midstream with refinery and petrochemical at three and two, respectively. ....