Economics
Organization urges Buffett's Berkshire to sell fossil fuel investments
(Reuters) -- A Nebraska nonprofit on Friday said it will propose that Warren Buffett's Berkshire Hathaway Inc. sell its investments in oil refiner Phillips 66 and other companies involved in fossil fuels over 12 years.
FMC, Technip announce Brazilian antitrust clearance of merger
HOUSTON and PARIS – FMC Technologies, Inc. and Technip today announced that the pending combination between the companies has received a clearance decision issued by the General Superintendent of the Administrative Council for Economic Defense (CADE), the Brazilian antitrust authority. The decision is subject to a 15-day waiting period.
Business Trends: Global refining overview—Part 4
Throughout its overview series of the global refining industry, <i>Hydrocarbon Processing</i> has provided a look at the state of the refining industry, new project developments, demand outlooks for the refining sector and the move to low-sulfur fuels. The previous sections have taken a detailed look at the refining sectors of Asia-Pacific, North America and South America. This fourth and final installment analyzes major trends in Africa, Europe and the Middle East, and offers data on planned refinery capacity additions, upgrades and grassroots facilities.
Industry Perspectives: New downstream project announcements drop 35% in 2016
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, nearly 470 new projects have been announced in the downstream hydrocarbon processing industry over the past two years. New project announcements have fallen from 285 in 2015 to 185 in 2016. This trend analysis represents a year-over-year decrease of approximately 35%.
Viewpoint: A new value proposition for a licensor and EPC contractor
The drop in oil prices has changed the overall dynamics of the hydrocarbon processing industry (HPI), as well as reduced prices for petrochemical products. Approximately $150 B of oil and gas projects have been canceled or put on hold.
Automation Strategies: Drive maximum asset capability with operational technologies
Owner-operators across the hydrocarbon processing industry (HPI) strive to gain maximum business value from their process plant assets. Here, automation assets and other operational technology (OT) typically play a major role.
Editorial Comment: Hydrocarbon Processing forecasts $321 B in total HPI spending in 2017
What is the state of the global hydrocarbon processing industry (HPI)? Which regions and sectors are seeing growth, and which are stagnant, or possibly shrinking? These were some of the questions that <i>Hydrocarbon Processing</i> editors tackled at the 43rd Annual <i>Hydrocarbon Processing</i> Forecast Breakfast.
Modularization: The key to success in today’s market
The world economic order is rapidly changing. A transition is underway, led by the sudden collapse of crude oil and natural gas prices. Here, the pros and cons of modularization vs. field construction are outlined.
Braskem CEO watching if Trump presidency affects Mexican plant
Brazil's Braskem is watching to see if US President-elect Donald Trump's protectionist campaign talk affects its huge new plant in Mexico.
Petronas to help YHBS, Huchems develop petrochemical complex near Bintulu, Sarawak
Petronas will conduct a pre-feasibility study for a methanol plant in Bintulu, Sarawak and supply natural gas to Huchems’ proposed petrochemical plant in the same location.
- thyssenkrupp Uhde selected by Dangote Fertilizer Ltd. to license four urea granulation units in Nigeria 11/21
- China's first coal-to-chemicals project with green hydrogen starts commercial operations 11/20
- Norsk e-Fuel and Braskem partner to turn captured carbon into long-lasting products 11/20
- Nigeria's Dangote refinery delays CDU maintenance to end of January 2026 11/20
- Tecnimont attends ground-breaking ceremony of Tengiz Gas separation Complex in Kazakhstan 11/20
- 42% of U.S. energy/critical infrastructure providers exposed to weaponized AI and email attacks 11/20
