Europe
Industry Perspectives: New gas processing/LNG project announcements increase for the first time in three years
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, nearly 800 new projects have been announced since 2015. Over the past few years, new project announcements have decreased each year. However, the rate of decline has slowed over the past year.
2018 Industry Leaders’ Viewpoints
To kick off the new year, industry leaders and esteemed colleagues shared their viewpoints on 2018 and beyond with Hydrocarbon Processing. These viewpoints offer insight into growing regions of activity, technological advances, and how the downstream industry can innovate in 2018 and into the future.
US crude ends year above $60 on strong global oil demand
CALGARY, Alberta (Reuters) — US oil prices closed above $60/bbl on the final trading day of the year, the first time since mid-2015, as the commodity ended 2017 with a 12% gain spurred by strong demand and declining global inventories.
PKN Orlen launches planned bid for Czech unit Unipetrol
PRAGUE (Reuters) — Poland’s biggest oil refiner PKN Orlen on Thursday offered 380 crowns for each remaining share in its Czech downstream oil unit Unipetrol.
Ineos sees Forties oil flows back to normal around new year
LONDON (Reuters) — Britain's biggest and most important oil and gas pipeline Forties should resume normal flows around the new year, slightly earlier than previously flagged, its operator Ineos said on Thursday.
Oil falls from 2015 highs as rally runs out of steam
CALGARY, Alberta (Reuters) — Oil prices dipped on Wednesday after hitting a near two-and-a-half year high in the previous session as a rally fueled by supply outages in Libya and the North Sea ran out of momentum.
Oil slips towards $65 as Forties pipeline moves closer to restart
LONDON (Reuters) — Oil edged lower towards $65/bbl on Tuesday, but remained within sight of its highest level since mid-2015, as the looming restart of a North Sea oil pipeline offset support from OPEC-led supply cuts.
Russia holds steady as China's largest crude supplier for 9th month
BEIJING (Reuters) — Russia held on as China's largest crude oil supplier for the ninth month in a row in November, also topping Saudi Arabia for the year so far, Chinese customs data showed on Tuesday.
Ineos starts testing UK's Forties North Sea oil pipeline after repairs
LONDON (Reuters) — Britain's Forties oil and gas pipeline, one of the biggest in the North Sea, is being tested following repairs and full flows should resume in early January, its operator Ineos said on Monday.
Oil dips from highs but OPEC cuts still support market
SINGAPORE/LONDON (Reuters) — Oil prices dipped on Friday but stayed near their highest levels since 2015 on pledges from OPEC leader Saudi Arabia and non-OPEC Russia that any exit from crude output cuts would be gradual.
- Kumho Mitsui Chemicals to increase capacity of MDI production facilities 12/15
- ABS, Eneos, NYK Line and Seacor Holdings launch joint study to develop a methanol marine fuel supply network in the U.S. 12/15
- ENEOS accelerates AI-driven materials discovery of immersion cooling fluids and novel catalysts Using NVIDIA ALCHEMI 12/15
- SAMSUNG E&A wins FEED contract for nearly $5-B SAF plant in the U.S. 12/15
- KBR wins green ammonia project by IGNIS in Spain 12/15
- Phillips 66 announces $2.4-B capital budget for 2026 12/15
