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  • Tightening job market in US cities prompts higher pay


    Posted by: HP News Services

    Wednesday April 16, 2014


    By STEVE MATTHEWS
    Bloomberg

    To hire 10 to 15 project coordinators this year, Sabre Commercial Inc. has boosted pay 10% and added a 401(k) retirement plan.

    “It is an employee’s market,” said John Cyrier, co- founder and president of the 48-employee Austin, Texas-based builder. “We are definitely seeing a labor shortage in Austin and central Texas. I see it only getting worse.”

    Companies across the US from Texas to Virginia and Nebraska are struggling to fill positions with metropolitan jobless rates below the 5.2% to 5.6% level the Federal Reserve regards as full employment nationally. Competition for workers is prompting businesses to raise wages, increase hours for current employees, add benefits and recruit from other regions.

    “There are spot labor shortages” that probably will “broaden out over the next year as the job market steadily improves,” said Mark Zandi, chief economist at Moody’s...



    Continue reading "Tightening job market in US cities prompts higher pay"

    Tags:jobs, economy, worker, salary

  • Industry Metrics: Supply disruptions, geopolitical tensions add volatility to prices


    Posted by: HP Editorial Staff

    Monday April 07, 2014


    By STEPHANY ROMANOW
    Editor

    Cold weather, supply disruptions and geopolitical tensions continue to add more volatility to oil prices, supporting prices above $100/bbl. The events occurring in Ukraine, along with other political strains in North Africa and the Middle East, continue to infuse more tension in energy markets. Stress in Europe maintained the North Sea Brent crude oil spot price in February at approximately $110/bbl. The US EIA expects the Brent crude oil price to weaken as non-OPEC supply growth exceeds growth in world consumption, thus calming shortage fears.

     

     

     

     


    Continue reading "Industry Metrics: Supply disruptions, geopolitical tensions add volatility to prices"

    Tags:industry metrics, pricing, supply

  • Ships colliding in Houston expose risks of busy oil channel


    Posted by: HP News Services

    Friday April 04, 2014


    By HARRY R. WEBER and DAN MURTAUGH
    Bloomberg

    By the time the ships’ pilots realized they were on a crash course, it was too late.

    The fog was just beginning to lift on the Houston Ship Channel midday March 22 as a bulk carrier and a fuel barge found themselves three-quarters of a mile apart. For five minutes, they exchanged radio messages as they tried slowing down, speeding up and reversing while nearing a collision that closed one of the world’s busiest waterways for three days, according to US Coast Guard recordings and radar data obtained by Bloomberg under the Freedom of Information Act.

    “I can put it down to a dead slow, but that still ain’t gonna stop,” the freighter’s pilot said, according to the recordings.

    The crash caused 4,000 bbl of fuel oil to spill and disrupted about $1.5 billion...



    Continue reading "Ships colliding in Houston expose risks of busy oil channel"

    Tags:Houston Ship Channel, spill, oil, vessels

  • Qatar risks losing LNG dominance as gas boom spurs US exports


    Posted by: HP News Services

    Wednesday April 02, 2014


    By ROBERT TUTTLE
    Bloomberg

    Blazing gas flares 70 meters high brighten the night sky above Qatar’s Ras Laffan Industrial City. The 295-square-kilometer complex houses the world’s largest assemblage of liquefied natural gas (LNG) plants and the biggest port for LNG exports on the globe.

    Ras Laffan chills to a fluid more gas in a year than Canada consumes and then ships it to run electric plants and warm homes from Tokyo to Buenos Aires. The gas facilities within its grounds produce almost a third of the world’s LNG exports, Bloomberg Markets will report in its May issue.

    The government takes every precaution against sabotage. Entry to the Industrial City for those who don’t work there is severely restricted; photography inside the facility is forbidden. Ras Laffan is what makes Qatar the richest nation in the world, with a per capita income for its citizens of...



    Continue reading "Qatar risks losing LNG dominance as gas boom spurs US exports"

    Tags:Qatar, LNG, exports, US

  • Daily editions of the 2014 International Petrochemical Conference newspaper


    Posted by: HP Editorial Staff

    Monday March 31, 2014


    SAN ANTONIO, Texas -- Enclosed are both daily editions of the official event newspaper of AFPM's 2014 International Petrochemical Conference, held at the Grand Hyatt San Antonio.

    Day 2
    Day 1

    Published by Hydrocarbon Processing as two daily editions for the event, which began on Sunday, March 30, and concluded on Tuesday, April 1. Both are available electronically in PDF form. If you wish to advertise in a future version of this newspaper, or to submit a press release for website consideration, please contact the editor via email at Billy.Thinnes@GulfPub.com.



    Continue reading "Daily editions of the 2014 International Petrochemical Conference newspaper"

    Tags:AFPM, IPC, International Petrochemical Conference, show daily

  • Daily editions of the Gastech 2014 official conference newspaper


    Posted by: HP Editorial Staff

    Thursday March 27, 2014


    Goyang City, KOREA -- Here is Day 4 of the official newspaper for the Gastech 2014 Conference & Exhibition.

    The newspaper is published by Hydrocarbon Processing, Gas Processing and World Oil as four daily print editions from March 24 until March 27. All issues are available electronically in PDF form.

    The official newspaper includes event coverage from Gastech 2014 in Goyang City, Korea. Gastech, held every 18 months, is the world’s favorite meeting place for energy professionals working in the natural gas and liquefied natural gas (LNG) industries.

    If you would like information on future Hydrocarbon Processing show dailies or to submit a press release for consideration, please contact the editor via email at Billy.Thinnes@GulfPub.com.

    Day 4 Newspaper
    Day 3 Newspaper

    Day 2 Newspaper

    Day 1 Newspaper



    Continue reading "Daily editions of the Gastech 2014 official conference newspaper"

    Tags:Gastech 2014, natural gas, LNG, show daily

  • Daily editions of the AFPM 2014 Annual Meeting official newspaper


    Posted by: HP Editorial Staff

    Wednesday March 26, 2014


    ORLANDO, Florida -- Enclosed are all three daily editions of the official conference newspaper of the AFPM 2014 Annual Meeting, held at the Hyatt Regency Orlando.

    Day 3
    Day 2

    Day 1

    Published by Hydrocarbon Processing as two print editions, March 23/24, March 25 and as an electronic-only edition on March 26. If you wish to advertise in a future version of this newspaper, or to submit a press release for website consideration, please contact the editor via email at Ben.DuBose@GulfPub.com.



    Continue reading "Daily editions of the AFPM 2014 Annual Meeting official newspaper"

    Tags:AFPM, annual meeting, show daily

  • Rising rail transportation rates limit US manufacturers


    Posted by: Stephany Romanow

    Friday March 14, 2014


    By STEPHANY ROMANOW
    Editor

    A new report on freight-rail rates prepared by Escalation Consultants finds that the premiums on rail shipments soared by 90% from 2005 to 2011, despite a drop in demand.

    This new research shows that many domestic producers who depend on rail transportation are affected by high rates and the problem is getting worse. The report, released on behalf of organizations representing manufacturers, farmers, utilities and other rail stakeholders, explains the detrimental impact of soaring freight rail rates and outlines a renewed effort to pass freight rail policy reforms. 

    The groups represented include the Alliance for Rail Competition, American Chemistry Council, American Forest and Paper Association, Chlorine Institute, Consumers United for Rail Equity, National Industrial Transportation League, National Rural Electric Cooperative Association, and the Steel Manufacturers Association.

    “The release of this new compelling economic research puts a spotlight on a growing problem that farmers and other...



    Continue reading "Rising rail transportation rates limit US manufacturers"

    Tags:chemical, coal, plastics, utilities, glass, rail cars, freight charges

  • Ukraine crisis boosts support for US gas exports


    Posted by: HP News Services

    Tuesday March 04, 2014


    By BRIAN WINGFIELD
    and CHRISTINE BUURMA
    Bloomberg

    Russia’s military intervention in Ukraine is bolstering the case for easing restrictions on exports of the US boom in natural gas production, according to energy analysts and industry groups.

    Russia, the world’s second-largest producer of natural gas after the US, twice since 2006 has cut supplies of the fuel to Ukraine, a conduit for energy to Europe. Greater access to US supplies would blunt the ability of Russia to use energy as a weapon, according to supporters of lifting export curbs.

    “One immediate step the president can and should take is to dramatically expedite the approval of US exports of natural gas,” House Speaker John Boehner, an Ohio Republican, said Tuesday in a statement.

    President Vladimir Putin said during a news conference that Russia is canceling the price discount on natural gas for Ukraine because it owes money...



    Continue reading "Ukraine crisis boosts support for US gas exports"

    Tags:US LNG exports, Ukraine, Russia

  • Global energy outlook becoming redefined by natural gas


    Posted by: Stephany Romanow

    Tuesday February 25, 2014


    By Stephany Romanow
    Editor

    HOUSTON -- Natural gas is the fastest growing hydrocarbon-based energy resource; this is the consensus of the recent Rice University Baker Institute’s Geopolitics of Natural Gas Forum.

    Mark Finley, BP’s general manager of global markets and US economics, commented that the outlook for the energy industry is being redefined by natural gas.

    Sufficient supplies

    Natural gas does have sufficient supplies. In North America, the shale gas phenomenon is proving that point. Shale gas has the potential to be 21% of the US natural gas supply. Much of the US natural gas supply will be directed to power generation for the mid-term.

    In contrast, China’s demand for natural gas continues to increase. According to BP’s 2014 energy outlook, China will consume the same volume of Natural gas as Europe by 2035. Imports and trade will be vital to satisfying China’s need for natural gas....



    Continue reading "Global energy outlook becoming redefined by natural gas"

    Tags:crude oil, natural gas, coal, shale gas, North America, China, electrical power

  • West Virginia chemical spill spurs study of health effects


    Posted by: HP News Services

    Monday February 17, 2014


    By MARK DRAJEM
    Bloomberg

    The odor in drinking water lingering more than a month after a chemical spill in West Virginia is prompting officials to test homes and consider the potential long-term health effects from exposure.

    After initial resistance, Governor Earl Ray Tomblin named Andrew Whelton from the University of South Alabama to test water from 10 Charleston-area homes to see if chemical residues are still present. The first batch of samples was shipped to laboratories recently, and evidence of the chemical’s distinctive licorice odor has been found in at least one home, Whelton said.

    Separately, the local county health commissioner, Rahul Gupta, said his office will begin studying possible long-term health effects of exposure to the chemical used in coal processing, known as Crude MCHM, especially for signs of birth defects or cancer.

    “There are more unanswered questions for us to state either way” that the water is...



    Continue reading "West Virginia chemical spill spurs study of health effects"

    Tags:chemical spill, health, Freedom Industries

  • Americas play increasing role in global energy trade


    Posted by: Stephany Romanow

    Saturday February 01, 2014


    By Stephany Romanow
    Editor

    Map of AmericasThe major takeaway from the US Energy Information Administration’s (EIA’s) new Liquid Fuels and Natural Gas in the Americas report is that the Americas, including North America, Central America, the Caribbean and South America, are significant contributors to the global markets.

    This region rivals the Middle East (ME) in oil production, and it is exceeding the former Soviet Union (FSU) in natural gas production. Key findings from the EIA country report are:

    Trade

    US crude oil imports from Latin America are declining, but crude imports from Canada are increasing. Crude exports from other Americas countries are shifting to Asia-Pacific nations, especially China and India. From 2003 to 2012, US imports of crude oil from other countries in the region—primarily from Canada, Mexico, and Venezuela—averaged 5.01 million bpd (MMbpd).  The US has become a net exporter of petroleum products, exporting 2 MMbpd to countries in the region...



    Continue reading "Americas play increasing role in global energy trade"

    Tags:oil, natural gas, refining, North America, South America

  • Emerson opens global innovation center in Round Rock, Texas


    Posted by: Billy Thinnes

    Thursday January 30, 2014


    By Billy Thinnes
    Technical Editor

    AUSTIN, Texas -- Emerson Process Management today held the grand opening of its Emerson Innovation Center for Process Systems and Solutions in Round Rock, Texas.

    Dignitaries on hand for the event included  Emerson Chairman and CEO David Farr, Dell Chairman and CEO Michael Dell and Texas Governor Rick Perry.

    This 282,000-square-foot, nearly $70 million facility will be the global headquarters for Emerson’s automation systems and project services business, which helps customers operate facilities in industries such as oil and gas, refining, chemicals, power, life sciences, food and beverages and metals and mining. 

    “Our goal is not just to react but to innovate and execute solutions to help our customers into the future by creating substantial value,” said Emerson's Mr. Farr.

    “Texas is a place where collaboration and innovation are working at scale,” Mr. Dell added. “Dell is thrilled to...



    Continue reading "Emerson opens global innovation center in Round Rock, Texas"

    Tags:Emerson, process management, innovation

  • Falling gasoline prices dampen ExxonMobil’s plea for US crude exports


    Posted by: HP News Services

    Wednesday January 29, 2014


    By BRADLEY OLSON and DAN MURTAUGH
    Bloomberg

    ExxonMobil's push to export US oil overseas is facing a new obstacle: falling gasoline prices.

    A flood of new oil from Texas to the Great Plains has swamped refineries, driving down prices at the pump 10% since March, while global oil prices have hovered at about $107/bbl. That suggests the world crude market is having waning influence on US gasoline, which instead is beginning to track lower-priced domestic oil.

    US supplies are having a greater impact because they’re making up a bigger part of the gasoline market, supplying about 53% today, compared with 34% less than three years ago.

    As cheaper oil translates to cheaper gasoline, Exxon and ConocoPhillips will have a tougher time convincing legislators that ending export restrictions that date back to 1970s oil shortages would benefit the nation, said Sandy Fielden, director of energy analytics at consultant RBN...



    Continue reading "Falling gasoline prices dampen ExxonMobil’s plea for US crude exports"

    Tags:ExxonMobil, exports, US, gasoline, crude oil

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