Africa
Business Trends: Global refining overview—Part 4
Throughout its overview series of the global refining industry, <i>Hydrocarbon Processing</i> has provided a look at the state of the refining industry, new project developments, demand outlooks for the refining sector and the move to low-sulfur fuels. The previous sections have taken a detailed look at the refining sectors of Asia-Pacific, North America and South America. This fourth and final installment analyzes major trends in Africa, Europe and the Middle East, and offers data on planned refinery capacity additions, upgrades and grassroots facilities.
Editorial Comment: Hydrocarbon Processing forecasts $321 B in total HPI spending in 2017
What is the state of the global hydrocarbon processing industry (HPI)? Which regions and sectors are seeing growth, and which are stagnant, or possibly shrinking? These were some of the questions that <i>Hydrocarbon Processing</i> editors tackled at the 43rd Annual <i>Hydrocarbon Processing</i> Forecast Breakfast.
Höegh LNG awarded long-term LNG contract in Ghana
Höegh LNG signed an FSRU contract with Quantum Power Ghana Gas Limited for the Tema LNG import terminal located close to Accra in Ghana.
Global Project Data
<i>Hydrocarbon Processing’s</i> Construction Boxscore Database is tracking more than 700 active refining projects around the world. The majority of these projects are located in the Asia-Pacific and Middle East regions.
Industry Metrics
Stronger demand and falling inventories allowed US gasoil cracking spreads to recover, while gasoline was supported by outages.
Ophir and OneLNG to form joint operating company to develop Fortuna FLNG project
Ophir Holdings & Ventures and OneLNG have signed a binding shareholders' agreement to establish a joint operating company to develop the Fortuna project utilizing Golar's FLNG technology.
Mozambique expects Eni decision on LNG investment this year
Italy's Eni should make a final investment decision on its first offshore deep-water LNG project in Mozambique by the end of this year.
Fluor awarded Sasol oxygen train project in Secunda, South Africa
Fluor Corporation has been awarded a contract by Sasol Group Technology, a division of Sasol South Africa Ltd., for EPC of the Additional Oxygen Capacity Train 17 outside battery limits project at its Secunda plant in South Africa.
Industry Metrics
US margins fell due to the slowing of domestic gasoline demand, as the driving season ended amid high inventories.
Uganda says refinery talks terminated, in talks with new potential investors
Talks to build an oil refinery in Uganda with a consortium led by Korea's SK Engineering have collapsed, but the East African nation still hopes to find a lead investor for the project by year end.
- EPA finalizes historic new renewable fuel standards to strengthen American energy security 3/30
- The role of integrated biorefineries in achieving alternative fuel goals 3/30
- The entire Itabus fleet travels with Enilive HVO diesel biofuel 3/30
- Czech government agrees to release 100,000 tonnes of crude from reserves 3/30
- South Korea's LG Chem to import Russian naphtha 3/30
- PetroChina says operations 'overall normal', Strait of Hormuz accounts for about 10% of its supplies 3/30
