Nichols, L.

Hydrocarbon Processing,

ABB Customer World: Automation efficiency and the future of operational excellence

Nichols, L., Hydrocarbon Processing

HOUSTON -- No matter what industry you work in, improving and instituting automation efficiency can lead to operational excellence. This idea was the theme of Wednesday morning’s keynote presentation “Next level operational excellence: Efficiency in automation” at ABB Customer World 2017.

ABB Customer World: Intelligent projects model is the future of oil and gas project execution

Nichols, L., Hydrocarbon Processing

HOUSTON -- Oil and gas projects have been conducted the same way for decades. According to ABB, 64% of projects face cost overruns and over 70% are reporting a schedule delay. This has inevitably led to the pursuit of rethinking the way oil and gas companies conduct projects. This idea was the main topic of Tuesday’s plenary session “Innovation in project execution is causing the chemical, oil and gas industry to think differently” at ABB Customer World 2017.

Global Project Data

Nichols, L., Hydrocarbon Processing

According to Hydrocarbon Processing’s Construction Boxscore Database, more than $400 B is being invested in active petrochemical projects around the world.

Business Trends: Africa—Will increasing demand spark downstream capacity builds?

Nichols, L., Hydrocarbon Processing

Over the past decade, Africa’s oil demand has increased by more than 1 MMbpd, to nearly 3.9 MMbpd. Africa’s oil production is more than double the amount it consumes, but lack of investment, failing infrastructure and inadequate refining capacity force the continent to rely on imports to satisfy increasing fuel demand.

Industry Perspectives: Global petrochemical sector to see robust growth to 2020

Nichols, L., Hydrocarbon Processing

The global petrochemical sector will continue to see strong growth through the end of the decade, despite a decrease in new project announcements. The crash in energy markets has shifted the industry’s mindset from bullish to optimistic.

Global Project Data

Nichols, L., Hydrocarbon Processing

According to Hydrocarbon Processing’s Construction Boxscore Database, new project announcements have averaged 11 per month since mid-2016.

Industry Perspectives: Global desulfurization capacity to skyrocket over the long term

Nichols, L., Hydrocarbon Processing

According to OPEC’s World Oil Outlook 2016, desulfurization capacity additions represent the largest capacity increases among all process units to 2040. This trend is due to increased regulations on the amount of sulfur allowed in transportation fuels.

Editorial Comment: The future of refining lies in clean fuels

Nichols, L., Hydrocarbon Processing

Each year, Hydrocarbon Processing devotes an issue to the topic of clean fuels—and rightly so. As the world continues to welcome more vehicles on the road, and as emerging economies invest in civil, industrial and energy projects, global fuels demand is forecast to increase through the end of the decade.

Business Trends: India’s natural gas demand—a welcome sign for LNG exporters

Nichols, L., Hydrocarbon Processing

India is emerging as the world’s new oil demand center. Complementing its thirst for crude oil, the country has the potential to become a hotbed for natural gas consumption over the next few years.

Industry Perspectives: New gas processing/LNG project announcements decline for second straight year

Nichols, L., Hydrocarbon Processing

According to Hydrocarbon Processing’s Construction Boxscore Database, over 1,000 new projects have been announced since 2014. Nearly half of these projects were announced in 2014, and the trend shows a steady decline in new project announcements since that time.