Natural Gas
Federal Reserve proposes new limits on Wall Street energy bets
The Federal Reserve outlined a plan to limit Wall Street bets on the energy sector by forcing companies like Goldman Sachs and Morgan Stanley to hold more capital against such investments.
Enterprise begins service at new ethane export terminal
Enterprise Products Partners’ first cargo of ethane to be exported from Enterprise’s Morgan’s Point, Texas terminal has been loaded.
Industry Metrics
European refining margins rose as refineries completed maintenance and recovered from the negative impact of the France strikes.
Petrofac, Tecnicas Reunidas likely to win Saudi Aramco deals
British oilfield services company Petrofac and Spain's Tecnicas Reunidas are likely to win contracts to build projects for state oil giant Saudi Aramco's Uthmaniyah and Ras Tanura plants.
Australia's gas paradox: supply crunch looms despite rich reserves
Australia is on track to become the world's biggest LNG exporter by 2019, yet faces a looming shortage at home as states restrict new drilling onshore and cash-strapped oil and gas companies cut spending.
Industry Metrics
Asia refining margins fell despite strong regional demand.
Consider post-design changes to confine a hazardous area
Hazardous area classification (HAC) is carried out while performing basic design engineering, and HAC drawings are produced as one of the deliverables.
Innovations
Appleton, an Emerson brand and a global supplier in hazardous-location electrical products, announced an expansion to the Areamaster LED series.
Industry Metrics
The impact of Canadian and French refinery outages caused margins to fall slightly in the Atlantic Basin and Europe, despite stronger gasoline demand and higher inventories.
Business Trends: Asia’s smaller downstream players have big plans
Most of the focus on Asian downstream capacity construction revolves around large consuming nations, such as China and India.
- ABB introduces Unification X to enable seamless control room integration 4/23
- PETRONAS Lubricants International launches flagship PETRONAS Pro Series lubricants to elevate global industrial performance 4/23
- Sir Jim Ratcliffe: “Will INEOS’ Project ONE be Europe’s last investment in the Petrochemicals industry?” 4/23
- Czechs discussing possible fuel supplies from Slovakia 4/23
- LOTTE Fine Chemical completes world’s first commercial-scale green ammonia import 4/23
- Siemens and Shomax expand U.S. fertilizer production with zero-carbon green ammonia 4/23
