Economics
New projects decline, but backlog holds strong
Even after the recent downturn in oil and natural gas pricing, our analysis shows why downstream E&C companies can depend on a strong backlog to last through the decade.
HP Editorial Comment: An extraordinary year and new beginnings
It is quite extraordinary, the events that can happen within a single year. Beginning in July 2014, the world began to witness a widespread fall in crude oil prices. By the end of January 2015, both W..
HP Project Management: An update on Lang factors
Lang factors are cited frequently and used within the HPI. With the ensuing changes, the question must be asked, “Do Lang factors still present a realistic approximation of capital cost today?”
HP Petrochemicals: Consultant: Managers need long-term focus to find downstream sustainability
Top industry management should consider profits over the long term to make the business case for more sustainability, with a particular focus on results in the four-to-five-year range rather than on the initial year or two.
HP News
Russian blending facility utilizes advanced control technologyLUKOIL’s Nizhegorodnefteorgsintez gasoline blending facility in Kstovo, Russia, will integrate Honeywell software, which is designed ..
HP Industry Metrics
Refinery utilization rates in the US, encouraged by the high driving season demand, continued to rise following the end of the heavy maintenance season. Regional demand in Asia continued lending suppo..
US liquefaction projects to drive global expansion of LNG trade
Hydrocarbon Processing spoke to Andrew Slaughter, executive director for the Deloitte Center for Energy Solutions, about the state of the LNG industry and how trade patterns and project slates could change in the upcoming years.
HP Reliability: Trends from the 2015 AFPM Maintenance and Reliability Conference
Over the decades, there have been good and not-so-good trends presented at this event, and the 2015 maintenance and reliability conference was no exception.
HP Global: Investment in Egypt’s downstream on the rise
Egypt is adopting a mix of investment strategies in refinery upgrades and construction of new capacity to meet the nation’s target for more high-quality light and middle distillate products and a reduction of transportation fuel imports.
HP Petrochemicals: Higher international sales boost 2015 earnings above forecast for many chemical leaders
Raw materials costs continue to stay low in the US thanks to the shale boom, but the global decline in oil markets has eroded selling prices for many of the nation’s domestic chemicals and plastics producers.
- SIBUR produces test batch of first hexane plant in Russia 8/28
- Universal Fuel Technologies’ SAF accepted into ASTM Clearinghouse for qualification 8/28
- Sinopec wins engineering contract for Saudi Arabian green hydrogen/ammonia project 8/28
- Russia's idle oil refining capacity record high after Ukrainian drone attacks 8/28
- Brazil approves temporary antidumping measures against Canadian, U.S. polyethylene resins 8/28
- South Korea petrochemical overhaul likely to shut small, stand-alone naphtha crackers 8/28
