December 2015

Trends and Resources

HP Business Trends

Despite the delay or cancellation of some projects due to low oil prices, total active downstream project investments are near an all-time high.

Nichols, Lee, Hydrocarbon Processing Staff

Despite the delay or cancellation of some projects due to low oil prices, total active downstream project investments are near an all-time high. These new capacity additions are imperative for countries to supply the increasing demand for energy supplies. Multibillion-dollar investments are being made across all sectors of the industry. From additional refining and petrochemical capacity to LNG export and receiving terminals, the downstream oil and gas industry will continue to see growth through the end of the decade.     Photo courtesy of ExxonMobil.  The photo is of ExxonMobil’s multibillion-dollar petrochemical complex on Jurong Island, Singapore. ExxonMobil complete

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