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Economics

Automation Strategies: Drive maximum asset capability with operational technologies

ARC Advisory Group: Hill, D.

Owner-operators across the hydrocarbon processing industry (HPI) strive to gain maximum business value from their process plant assets. Here, automation assets and other operational technology (OT) typically play a major role.

Editorial Comment: Hydrocarbon Processing forecasts $321 B in total HPI spending in 2017

Hydrocarbon Processing Staff: Nichols, Lee

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.

Modularization: The key to success in today’s market

ShureLine Construction: Mulrooney, M.  |  Shahani, G.

The world economic order is rapidly changing. A transition is underway, led by the sudden collapse of crude oil and natural gas prices. Here, the pros and cons of modularization vs. field construction are outlined.

Braskem CEO watching if Trump presidency affects Mexican plant

Brazil's Braskem is watching to see if US President-elect Donald Trump's protectionist campaign talk affects its huge new plant in Mexico.

Petronas to help YHBS, Huchems develop petrochemical complex near Bintulu, Sarawak

Petronas will conduct a pre-feasibility study for a methanol plant in Bintulu, Sarawak and supply natural gas to Huchems’ proposed petrochemical plant in the same location.

Canada's 'chemical valley' city looks to lure green investment

Sarnia, Ontario, home to dozens of Canada's refineries and chemical plants, is lobbying hard to lure a biotech plant to the city as the local petrochemical-powered economy braces for the impact of a provincial carbon-pricing scheme.

Two Florida men convicted and sentenced in biodiesel fraud scheme

Two men have been convicted of participation in a multi-state scheme to defraud biodiesel buyers and US taxpayers by fraudulently selling biodiesel credits and fraudulently claiming tax credits.

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.

Gazprom says Japanese lender JBIC may help finance Sakhalin-2 LNG expansion

Gazprom has discussed possible financing with the Japan Bank for International Cooperation for the expansion of the Sakhalin-2 LNG plant.

OPEC output curbs could be undone by China slowing crude storage

The sharp drop in China's crude oil imports in October can be ascribed to a combination of factors, but one of them should be a red flag to OPEC, threatening the success of any deal to curb production.

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