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Economics

Business Trends: Innovative commissioning and startup technologies for industrial projects

University of Nevada: Choi, J. O.
University of Texas: O'Connor, J. T.
Delta Air Lines: Winkler, M.

The performance of capital project facility commissioning, startup and initial operations often falls short of expectations, and the opportunity for innovative commissioning and startup technologies has yet to be discussed extensively.

Viewpoint: The future of India’s refining capacity and the rise of clean fuels

Contributing Writer: Kanwar, R.
Hydrocarbon Processing Staff: Nichols, Lee

India is emerging as the world’s new oil demand center, with burgeoning consumption providing huge potential for downstream oil and gas growth. With a GDP ranked in the top 10 globally and a large, growing population, India has seen continuous increases in demand for energy in all forms.

Refining: Fuel processing vs. imports in East Africa: Will new refinery plans be realized?

Contributing Editor: Oirere, S.

Many analysts believe that Africa will remain a net importer of petroleum products for the foreseeable future. However, a few countries in the region have plans in place to build new refineries.

Industry Metrics

Hydrocarbon Processing Staff: Rhodes, Mike

US gasoline crack spreads continued to rally, but were offset by supply-side pressure as higher refinery runs contributed to increased inventories.

Asia demand for US, Atlantic Basin oil set to jump as buyers prep for winter

SINGAPORE (Reuters) — Asian demand for crude oil from the Atlantic Basin and the Americas is set to rise as low prices drive Japanese and South Korean buyers to snap up cargoes to arrive ahead of peak winter consumption.

Takeover target Amec to retain European nuclear business

(Reuters) — Oil services company Amec Foster Wheeler Plc, which is being bought by peer John Wood Group Plc, said on Thursday it had decided to retain its European nuclear unit and sell its North American business.

Canada allows Dow, Dupont merger after firms agree to sell assets

OTTAWA (Reuters) — Canada's Competition Bureau said on Tuesday it would allow a planned merger between DuPont and Dow Chemical Co after both firms agreed to dispose of some assets.

Oil holds above November lows but under threat from US supply

LONDON (Reuters) — Oil edged up for a third straight session on Monday, climbing off last week's seven-month lows but with gains capped by the relentless rise in US supply and bloated global inventories.

Portugal investigating fraud linked to Venezuela PDVSA funds

CARACAS (Reuters) — Portugal is investigating alleged appropriation of funds belonging to Venezuelan state oil company PDVSA that were channeled through now-defunct Portuguese bank Banco Espirito Santo between 2009 and 2014, PDVSA said on Saturday.

Tanker firm Frontline drops DHT pursuit and steers away from deals

OSLO (Reuters) — Oslo-listed oil tanker firm Frontline has abandoned its pursuit of New York-listed rival DHT Holdings and is not working on any alternative acquisitions, Frontline's CEO told Reuters on Monday.

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