Refining
Viewpoint: A new value proposition for a licensor and EPC contractor
The drop in oil prices has changed the overall dynamics of the hydrocarbon processing industry (HPI), as well as reduced prices for petrochemical products. Approximately $150 B of oil and gas projects have been canceled or put on hold.
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.
Modularization: The key to success in today’s market
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.
Fire breaks out at Eni's Sannazzaro refinery
ROME/MILAN (Reuters) -- A fire broke out at Eni's Sannazzaro De' Burgundi oil refinery in northern Italy on Thursday afternoon, the oil major said, adding there were no reported injuries.
Innovations
Power generation and heating, ventilation and air conditioning (HVAC) specialty rental company, Aggreko Plc., and sulfuric acid alkylation technology licensor, DuPont, have collaborated to provide Aggreko temperature control, including chiller systems, to STRATCO sulfuric acid alkylation customers.
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.
CB&I announces award for delayed coker unit
THE WOODLANDS, Texas -- CB&I today announced it has been awarded a contract by Naftna Industrija Srbije (NIS) for the engineering, procurement and construction management of a delayed coker unit in Pancevo, Serbia.
Japan's Idemitsu JV plans to expand LPG use at naphtha cracker
TOKYO (Reuters) -- Japan's Idemitsu Kosan said on Tuesday its JV with Mitsui Chemicals would conduct work to expand the processing of propane at Idemitsu's naphtha cracker to take advantage of cheap liquefied petroleum gas (LPG) prices.
Japan's Idemitsu to delay Showa Shell stake purchase from Shell
Japanese oil refiner Idemitsu Kosan will again delay its planned purchase of Showa Shell Sekiyu shares from Royal Dutch Shell because a review by the Japan Fair Trade Commission is still under way.
- Indonesia proposes increase in biodiesel mix to 50% in 2028 11/7
- Shell Catalysts & Technologies, Licella to develop global low-carbon biomass-to-biofuel commercial solutions 11/7
- Neste and Liiga team up to reduce emissions from hockey game travel 11/7
- EU climate chief holds firm on CO2 deadlines for cars 11/7
- Polish oil refiner Orlen may suspend or cancel olefins project 11/7
- China's crude oil imports fall for sixth straight month on refinery closure 11/7
