Over the past few decades, the world has seen a surge in demand for oil and gas, and global markets have responded to meet these growing energy needs.
Although overall industry growth is not substantial from 2017 to 2018, it translates to $66 MM more in valve shipments for the year, which is a positive sign for the industry.
Unfortunately, nation states appear to be launching cybersecurity attacks on other nation states.
The impact of digital transformation on the LNG value chain is an area of active discussion and urgency.
Hydrocarbon Processing’s Construction Boxscore Database is tracking more than 1,600 projects around the world, representing more than $1.8 T in capital expenditures.
According to the International Group of LNG Importers (GIIGNL) publication, “The LNG industry: GIIGNL annual report 2018,” global LNG trade has increased from approximately 264 MMtpy in 2016 to nearly 290 MMtpy in 2017.
As the world’s hydrocarbon appetite continues its rapid turn toward lighter fare (e.g., natural gas for power generation, transportation and industry), massive, near-term investments in global, capital-intensive, fully digitalized LNG infrastructure are needed.
Alkanolamines have been used for acid gas removal from natural gas for several decades.
As global liquefied natural gas (LNG) trade continues to rapidly expand, the challenge of liquefaction process selection—a key element of an LNG project—becomes increasingly important.
A dramatic acceleration of a trend toward smaller volumes and shorter tenures for LNG contracts in 2017 highlights the growing commoditization of the global LNG market, even as it raises troubling questions about future supply.