Europe
Amec awarded Eni contract for ‘green’ refinery conversion
Amec Foster Wheeler announced that it has been awarded a lump sum turn-key contract in excess of €50 million by Eni SpA for the engineering, procurement and construction of a new steam reforming plant for hydrogen production to be built at its refinery at Gela, Italy.
STAR ’17: ‘Design Exploration’ leads the way
BERLIN -- STAR Global Conference 2017 wrapped after two days of user presentations in five parallel tracks. Session themes included ground transportation, powertrain, automotive, internal combustion engines, aerospace, marine, life sciences, electronics & electrification, buildings, chemical process industry, oil & gas and energy.
E.ON blames costs beyond its control for UK fuel price hike
LONDON (Reuters) -- E.ON UK will raise its standard variable dual-fuel prices by 8.8% from April 26, affecting around 2.5 million customers, the British arm of German utility E.ON said.
CERAWeek ’17: IEA expects global oil demand to rise, outpace supply after 2020
HOUSTON -- Global oil demand will continue to rise in the next five years, dominated by India and Asia, the International Energy Agency said Monday, March 6, during the first day of CERAWeek in Houston.
Oil whipsaws as production seen rising, more OPEC cuts discussed
NEW YORK (Reuters) -- Oil prices whipsawed Monday, turning negative after the International Energy Agency forecast potential shale oil growth and waning European refined product demand, which bodes poorly for global efforts to remove a glut.
Avantium to raise at least 90 million euros in IPO
AMSTERDAM (Reuters) -- Avantium, a Dutch company that has developed technology for making plastic from sugars rather than petrochemicals, said on Monday it hopes to raise at least 90 million euros in an initial public offering, giving it a market capitalization of $279.95 million.
STAR '17: Conference kicks off with the power of digital
The 17th STAR Global Conference got underway March 6 in Berlin, Germany with plenary sessions from CD-Adapco and Siemens PLM leadership.
Global Project Data
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, more than $400 B is being invested in active petrochemical projects around the world.
Industry Perspectives: Global petrochemical sector to see robust growth to 2020
The global petrochemical sector will continue to see strong growth through the end of the decade, despite a decrease in new project announcements. The crash in energy markets has shifted the industry’s mindset from bullish to optimistic.
Peak gasoline demand looms with engine efficiency gains
LONDON (Reuters) -- Demand for gasoline in the US, which accounts for a tenth of global oil consumption, is expected to peak next year as engines become more efficient, WoodMackenzie analysts said.
- Mideast conflict turbocharges diesel prices, squeezing Europe 6/23
- Pertamina is looking to import > 200,000/month of 90-octane gasoline 6/23
- Japan will mitigate potential gasoline price spike, prime minister says 6/23
- Linde to invest $400 MM to build the world-scale air separation unit 6/23
- OEG signs major partnership agreement in Qatar 6/23
- U.S. Supreme Court lets fuel producers challenge California emissions standards 6/23
