Industry Perspectives: Is 2016 the year when crude oil bounces back?
With both West Texas Intermediate (WTI) and Brent crude oil prices tumbling almost 50% from 2014 to 2015 due to a global supply glut, this past year was one of great uncertainty in the downstream sector.
Business Trends: Special report--Global LNG overview
Liquified natural gas is forecast to become one of the most valuable commodities in the world.
Industry Metrics
Asian margins showed a strong recovery due to higher winter heating fuel demand, supporting middle distillate crack spreads.
Global Project Data
According to Hydrocarbon Processing's Construction Boxscore Database, new project announcements averaged approximately 25 per month in 2015.
Innovations
Pepperl+Fuchs’ VisuNet RM Shell 4.0 remote monitor firmware for industrial thin client work stations offers significant enhancements through an optimized touchscreen user interface, advanced security features, Windows Embedded Standard 7 and plug-and-play startup capabilities.
People
The Society of Petroleum Engineers (SPE) Aberdeen Section board has elected Ian Phillips, chief executive of the Oil and Gas Innovation Centre (OGIC), as its new chairman.