Ethylene has shown robust and consistent growth over the period 2015 to 2019, according to GlobalData, and is expected to increase at a healthy 2.5% compound annual growth rate (CAGR) over the decade. Asia has been the largest contributor, both in terms of demand and supply, and is likely to …
Read More »CNOOC and Shell Start Up New Petrochemicals Units
CNOOC Oil & Petrochemicals Co. Ltd (CNOOC) and Shell Nanhai B.V. (Shell) have announced the start-up by their 50:50 joint venture, CNOOC and Shell Petrochemicals Co. (CSPC), of new units to supply the Chinese market with essential petrochemicals. One new unit is the largest of its type in China, producing …
Read More »Aramco Looking to Expand Global Footprint in Chemicals
Aramco President and CEO Amin Nasser was recognised by his peers in the global chemical industry as he was presented The Chemists’ Club 2020 Kavaler Award, sponsored by ICIS. Speaking at the virtual event, Nasser commented on the challenges of 2020, his belief in a bright future for the chemical …
Read More »Qatar Petroleum Contracts Baker Hughes
Baker Hughes has announced an order to supply multiple main refrigerant compressors (MRCs) for Qatar Petroleum’s North Field East (NFE) project, executed by Qatargas. The total award is part of four LNG ‘mega trains’, representing 33 million tpy of additional capacity, which will increase Qatar’s total LNG production capacity from …
Read More »BP and Microsoft form Digitalization Partnership
BP and Microsoft Corp. have agreed to collaborate as strategic partners to further digital transformation in energy systems and advance the net zero carbon goals of both companies. This includes a co-innovation effort focused on digital solutions, the continued use of Microsoft Azure as a cloud-based solution for BP infrastructure …
Read More »US Total Energy Exports Exceeded Imports in 2019
Energy exports from the US reached an all-time high of 23.6 quadrillion Btu in 2019, marking the first time in 67 years that annual US gross energy exports exceeded US gross energy imports, according to the US Energy Information Administration’s (EIA) Monthly Energy Review. Gross US energy imports were 22.8 …
Read More »US will Become Leading LNG Exporter by 2025
The US currently has a total of 32 projects on different stages from feasibility to commissioning.
Read More »Breakthrough for Reducing CO2 from Oil Refineries
An estimated 20 to 30 percent of crude oil is burnt or wasted leading to oil refineries being the second largest source of greenhouse gases after power plants.
Read More »Global Ethylene Capacity Additions Led by ExxonMobil
ExxonMobil is set to have large ethylene capacity additions primarily in China and the US.
Read More »Oil and Gas Industry Needs to Improve Climate Efforts
Reducing methane leaks to the atmosphere is the single most important and cost-effective way for the industry to reduce these emissions.
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