The global hydrocarbon processing industry (HPI) continues to expand and modernize to efficiently meet growing demand for energy, transportation fuels and petrochemicals.
Industry players are focused on upgrading to higher-growth, higher-value chemical products.
The operational cost structure of oil and gas companies is very capital- and labor-intensive.
After several years of cutting costs to align to the reality of fewer and smaller capital projects, engineering, procurement and construction (EPC) firms are now forging ahead as the industry recovers.
The following are eight strategies to help reduce engineering, procurement and construction (EPC) project costs, along with tips to maximize the value of both existing assets and new investments for refiners and producers.
Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.
Data provided by Construction Boxscore.
According to Hydrocarbon Processing’s Construction Boxscore Database, more than 320 new projects have been announced in the downstream processing industry over the past year.
New gas processing/LNG project announcements, October 2017–October 2018
Active LNG project market share by activity level
For additional downstream construction project data, visit Construction Boxscore.
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