Even after the recent downturn in oil and natural gas pricing, our analysis shows why downstream E&C companies can depend on a strong backlog to last through the decade.
Hydrocarbon Processing spoke to Andrew Slaughter, executive director for the Deloitte Center for Energy Solutions, about the state of the LNG industry and how trade patterns and project slates could change in the upcoming years.
China National Offshore Oil Corp (CNOOC) has received government approval to begin international exports of diesel and gasoline cargoes in early May.
The new facility will use the licensed ethylene technology by Lummus Technology. The produced ethylene will be supplied as feedstock to Shintech’s existing PVC resin production facilities.
In a joint statement, Braskem and Odebrecht confirmed to media outlets that the delay is necessary due to present energy market conditions.
With a site for the ethane cracker now selected, PTTGC and Marubeni will take the next 12-to-16 months to complete the detailed engineering design and permitting at the Ohio site.
The Bulo Bulo ammonia-urea facility will be Bolivia’s first petrochemical venture. This new facility is expected to produce sufficient urea/ammonia supplies for domestic demand and will provide surplus product for export.
The JV will offer expertise in project planning, project development and financing with worldwide leading technologies for the petrochemical, refining and environmental technology sectors.
Beginning in July 2014, the world began to witness a widespread fall in crude oil prices. With the decrease in global crude oil prices, what has this meant for new project announcements in the downstream sector?
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Engineers and designers are highly skilled individuals. Forcing them to enter design changes using tables, forms and spreadsheets is unproductive and uneconomical, and it increases the likelihood of human error—this is the way that most instrumentation software systems currently work. For too long, software vendors have denied engineers and designers the simple practicality of a graphical visual engineering interface with “drag and drop” capability and inbuilt intelligence, ensuring changes are automatically replicated into all the associated data and databases.
D. GIBSON, AVEVA
As low oil prices make naphtha cracking margins in Europe and Asia more competitive, are investments in new, ethane-based petrochemicals capacity in the US and Middle East becoming less attractive?
Yes, ethane cracking is less economical
No, ethane cracking is still the future
Too early to tell