Petrochemicals
HP Forecast: 2015 downstream forecast reaches all-time high
In 2015, the HPI’s capital, maintenance and operating budgets are expected to exceed $324 B. Global announced project spending continues to surge to satisfy increasing demand for petroleum products.
HP Industry Metrics
Oil prices continued their downward plunge throughout October and into early November. The decline is due to bearish market fundamentals accompanied by a strong US dollar. Saudi Arabia is not expected..
HP Industry Perspectives: Oil price—How low can it go?
Oil price volatility returned with a vengeance in October amid worries of slower economic growth, weakening oil demand, an unexpected increase in Libya’s output, and an indication by Saudi Arabia..
HP Innovations
ALL offers seven-crane packageThe ALL family of companies has expanded its fleet of all-terrain and hydraulic truck cranes with the addition of seven new Grove machines. With varying sizes and capacit..
HP News
DOE study examines impacts of US LNG exports The US Department of Energy’s office of Fossil Energy (DOE/FE) recently completed a study on the impact of exporting LNG on the US energy market. Ther..
Globally, the HPI is building new capacity
The HPI continues to expand to meet increasing demand for energy, transportation fuels, and petrochemical-based consumer products. As confirmed by HP’s HPI Market Data 2015 forecast, numerous construction projects are under various stages of development for the refining, petrochemical and gas processing/LNG industries.
Lubrizol to acquire Weatherford oilfield chemicals, drilling fluid businesses
Lubrizol has signed an agreement to acquire Weatherford International’s oilfield chemicals business, known as Engineered Chemistry and its drilling fluids business, known as Integrity Industries.
Power outage shuts Methanex plant in Trinidad
The National Gas Company of Trinidad and Tobago took its 56-inch cross-island natural gas pipeline out of service to investigate a possible underground leak. Consequently, natural gas supply to a major power generator is not available.
Chevron Phillips Chemical CEO eyes transparency through social media
“Doing the right thing and communicating with greater transparency is becoming an imperative, and social media is one of those essential vehicles,” said Cella.
Construction worker dies in accident at ExxonMobil olefins plant in Baytown
The contractor was fatally injured while working on a construction project, according to ExxonMobil representatives. Plant officials are now investigating the cause of the incident.
- EPA finalizes historic new renewable fuel standards to strengthen American energy security 3/30
- The role of integrated biorefineries in achieving alternative fuel goals 3/30
- The entire Itabus fleet travels with Enilive HVO diesel biofuel 3/30
- Czech government agrees to release 100,000 tonnes of crude from reserves 3/30
- South Korea's LG Chem to import Russian naphtha 3/30
- PetroChina says operations 'overall normal', Strait of Hormuz accounts for about 10% of its supplies 3/30
