Natural Gas
Industry Metrics
Asia refining margins fell despite strong regional demand.
Consider post-design changes to confine a hazardous area
Hazardous area classification (HAC) is carried out while performing basic design engineering, and HAC drawings are produced as one of the deliverables.
Innovations
Appleton, an Emerson brand and a global supplier in hazardous-location electrical products, announced an expansion to the Areamaster LED series.
Industry Metrics
The impact of Canadian and French refinery outages caused margins to fall slightly in the Atlantic Basin and Europe, despite stronger gasoline demand and higher inventories.
Business Trends: Asia’s smaller downstream players have big plans
Most of the focus on Asian downstream capacity construction revolves around large consuming nations, such as China and India.
Industry Metrics
US refinery utilization rates have increased in some areas following the peak of maintenance season.
Innovations
Unintended fugitive emissions from pressurized plant components have long been a key concern for operators as well as regulators.
Global Project Data
According to <i>Hydrocarbon Processing’s </i> Construction Boxscore Database, there were nearly 90 new project announcements from January 2015 to June 2015.
Gazprom sees record 2016 gas exports to Europe
Russia's Gazprom plans to export a record 165 Bcm of gas to Europe this year, as falling gas prices have made its gas more attractive to European consumers.
Qatar's Texas LNG venture eyes exports by 2021
Top LNG exporter Qatar anticipates exports from its Golden Pass JV in Texas to begin in 2021. State-run Qatar Petroleum owns a 70% stake in an LNG receiving terminal in Texas that is backed by Exxon Mobil and ConocoPhillips.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
