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Saudi Aramco, China's Hengli Petchem agree to 130,000-bpd crude supply deal for 2019 China's private chemical group Hengli Petrochemical said it has entered an annual crude purchase deal with Saudi Aramco for 2019 supplies of 130,000 barrels per day, which marks the top OPEC producer's second major marketing alliance with a private Chinese refiner.
Is global oil demand under growing threat from electric cars, cleaner fuels? Electric vehicles and more efficient fuel technology will cut transportation demand for oil by 2040 more than previously expected, but the world may still face a supply crunch without enough investment in new production, the International Energy Agency (IEA) said on Tuesday.
In race to fill LNG supply gap, project goalposts have changed LONDON (Reuters) - The race is on for liquefied natural gas (LNG) producers to build export terminals as demand soars, but the criteria for financing such mega-projects have shifted as traditional relationships with LNG consumers have begun to disintegrate. Royal Dutch Shell’s final investment decision (FID) taken last month for a $30 billion LNG Canada project was a shot in the arm for the LNG industry, which is emerging from almost three years of low prices and investment. As a vote of confidence in the LNG market, Shell’s decision is expected to get the ball rolling on a wave of approvals for dozens of similar projects around the world that have been planned for years but not yet finalized. But the FID represented a different financing structure, unreliant on commitments from large buyers as previous mega-projects had been, such as the recently commissioned Ichthys facility in Australia or the U.S. Sabine Pass plant. Instead, Shell will absorb the cost into its budget and will effectively worry about the ultimate buyers later - as one of the largest corporate purchasers of LNG in the world, it can absorb the new volumes into its global portfolio. Demand for LNG is there - it is expected almost to double to 550 million tons a year (mtpa) by 2030, leaving room for plenty more export terminals despite an influx of fresh supply from new, mostly U.S., terminals.
Progress continues at LyondellBasell's La Porte complex The La Porte Complex of LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, today announced key pieces of equipment, including a multi-zone circulating reactor, extruder and gas phase reactor have all been successfully installed at its new Hyperzone polyethylene (PE) plant, currently under construction.
Tellurian on track to start building Louisiana LNG export plant in 2019 U.S. liquefied natural gas company Tellurian Inc said on Wednesday it expects to start construction on its Driftwood LNG export terminal in Louisiana in the first half of 2019 and begin operations in 2023.
Yanbu: The site for Saudi Aramco-SABIC's crude-to-chemicals project Saudi Aramco and SABIC have announced their selection of Yanbu, on the west coast of Saudi Arabia, as the site for the development of an integrated industrial complex to convert crude oil to chemicals (COTC).
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Featured Articles
Industry Perspectives: New downstream project announcements surge 43% over the past year
Hydrocarbon Processing / October 2018
Nichols, Lee, Hydrocarbon Processing Staff

According to the Hydrocarbon Processing Construction Boxscore Database, more than 320 new downstream capital projects have been announced over the past year.

Viewpoint: New thinking to old problems
Hydrocarbon Processing / October 2018
Mestari, Y., Honeywell

The oil and gas industry is aging, and it is time to get wiser when it comes to training and productivity.

More residue processing in FCCUs
Hydrocarbon Processing / October 2018
Genç, M., Karani, U., Er, I., TÜPRAŞ; Kandaz, S., Albemarle Corp.

Resid units have more than 2 wt% Conradson carbon residue (Concarbon) in feed and more than 5,000 parts per million (ppm) of nickel (Ni) and vanadium (V) on equilibrium catalysts (Ecat).

Methodology for model-based, real-time prediction of corrosion in heat exchangers
Hydrocarbon Processing / October 2018
Holzer, G., Jeitler, E., Prozess Optimal CAP GmbH

In the chemical and process industries, gases or vapor mixtures must be cooled to temperatures near the water dewpoint in a variety of thermal unit operations.

Amine pumps upgraded for improved operations and reliability
Hydrocarbon Processing / October 2018
Yusoff, D., PETRONAS; Aronen, R., Bouden International

A gas processing plant in Malaysia eliminated a source of expensive failures in its acid gas removal unit (AGRU).

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Data provided by Construction Boxscore.

This chart shows a forecast of total capital expenditures in 2018 by region in US billions. For more detailed information on global downstream projects, click here.

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Construction Boxscore: Project Spotlight

For additional downstream construction project data, visit Construction Boxscore.

Project: High Density Polyethylene Plant
Location: Zhoushan, China
Operator: Zhoushan Refining & Petrochemical Complex
Cost: TBA
Capacity: 350,000 tpy
Completion date: TBA
Status: Proposed
Project: Integrated Gas Development Expansion (IGD-E) Phase II
Location: Das Island, United Arab Emirates
Operator: ADNOC LNG
Cost: $MM 860
Capacity: 245 MMcfd
Completion date: 2023 Q1
Status: Engineering
Project: Sidi Rezine Refinery Revamp
Location: Baraki, Algeria
Operator: Sonatrach
Cost: $908 MM
Capacity: 3.6 Mtpy
Completion date: 2019
Status: Under construction
Project: Shannon LNG Project
Location: Kerry, Ireland
Operator: Shannon LNG Terminal
Cost: $1,160 MM
Capacity: 1 Bscf/d
Completion date: 2020
Status: Planning