According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 470 new projects have been announced in the downstream hydrocarbon processing industry over the past two years. New project announcements have fallen from 285 in 2015 to 185 in 2016. This trend analysis represents a year-over-year decrease of approximately 35%.
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 Hydrocarbon Processing editors tackled at the 43rd Annual Hydrocarbon Processing Forecast Breakfast.
Höegh LNG signed an FSRU contract with Quantum Power Ghana Gas Limited for the Tema LNG import terminal located close to Accra in Ghana.
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.
Ophir Holdings & Ventures and OneLNG have signed a binding shareholders' agreement to establish a joint operating company to develop the Fortuna project utilizing Golar's FLNG technology.
Gazprom has discussed possible financing with the Japan Bank for International Cooperation for the expansion of the Sakhalin-2 LNG plant.
In its decision, the Court of Appeal for Yukon overturned a ruling by the Yukon Supreme Court last month that had approved the proposed plan of arrangement by ExxonMobil Corp. to acquire all of the shares of InterOil.
Wärtsilä has signed a memorandum of understanding with French multinational energy company ENGIE, to develop solutions and services within the small scale LNG business sector.
Pacific Oil & Gas Ltd. has authorized the funds necessary for the Woodfibre LNG Project to proceed.
Italy's Eni should make a final investment decision on its first offshore deep-water LNG project in Mozambique by the end of this year.