Natural Gas
Federal Reserve proposes new limits on Wall Street energy bets
The Federal Reserve outlined a plan to limit Wall Street bets on the energy sector by forcing companies like Goldman Sachs and Morgan Stanley to hold more capital against such investments.
Enterprise begins service at new ethane export terminal
Enterprise Products Partners’ first cargo of ethane to be exported from Enterprise’s Morgan’s Point, Texas terminal has been loaded.
Industry Metrics
European refining margins rose as refineries completed maintenance and recovered from the negative impact of the France strikes.
Petrofac, Tecnicas Reunidas likely to win Saudi Aramco deals
British oilfield services company Petrofac and Spain's Tecnicas Reunidas are likely to win contracts to build projects for state oil giant Saudi Aramco's Uthmaniyah and Ras Tanura plants.
Australia's gas paradox: supply crunch looms despite rich reserves
Australia is on track to become the world's biggest LNG exporter by 2019, yet faces a looming shortage at home as states restrict new drilling onshore and cash-strapped oil and gas companies cut spending.
Industry Metrics
Asia refining margins fell despite strong regional demand.
Consider post-design changes to confine a hazardous area
Hazardous area classification (HAC) is carried out while performing basic design engineering, and HAC drawings are produced as one of the deliverables.
Innovations
Appleton, an Emerson brand and a global supplier in hazardous-location electrical products, announced an expansion to the Areamaster LED series.
Industry Metrics
The impact of Canadian and French refinery outages caused margins to fall slightly in the Atlantic Basin and Europe, despite stronger gasoline demand and higher inventories.
Business Trends: Asia’s smaller downstream players have big plans
Most of the focus on Asian downstream capacity construction revolves around large consuming nations, such as China and India.
- Kumho Mitsui Chemicals begins operation of chlor-alkali plant using thyssenkrupp nucera technology 6/16
- Mitsubishi Gas Chemical, RITE partner to convert captured CO2 into methanol 6/16
- Yara Clean Ammonia supports groundbreaking ammonia bunkering pilot in Pilbara (Australia) 6/16
- Syensqo signs carbon fiber composites recycling contract with Fairmat 6/16
- OCI Global receives U.S. regulatory approval for the sale of its global methanol business to Methanex Corp. 6/16
- Israel's Oil Refineries says pipelines, transmission lines in Haifa damaged in strikes by Iran 6/16
