Medium Voltage Cable Market Forecast to 2027 – COVID-19 Impact and Global Analysis By Installation Type and End-Users

New York, Feb. 23, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Medium Voltage Cable Market Forecast to 2027 – COVID-19 Impact and Global Analysis By Installation Type and End-Users” – https://www.reportlinker.com/p06027550/?utm_source=GNW
According to Rystad Energy, in 2019, 12.2 billion barrels of oil equivalent were discovered across the globe. In 2019, the total recorded discoveries with over 100 million barrels of oil equivalent accounted for 26, with offshore regions leading the new oil & gas deposits. A few of the recent discoveries include the discovery of two oil & gas fields by Saudi Aramco in the northern parts of Saudi Arabia in August 2020. In September 2020, Equinor announced the discovery of new oil & gas fields at the Swisher prospect. The company also announced the discovery of two oil fields in the Flemish Pass basin offshore Newfoundland. Furthermore, in October 2020, Total and its partners announced to evaluate several development options for commercializing a new gas and condensate discovery in South Africa. Gazprom announced the discovery of a new gas deposit—Yamal shelf. Through October 2020, over 70 new oil & gas discoveries were announced. Such discoveries of new offshore oil & gas reserves are expected to boost the construction of new plants and electricity requirements for new offshore plants, thereby boosting the medium voltage cable market.
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