News Room

News Room

IEA Key Gas & Oil Trends 2017

In 2017, OECD natural gas production grew by 2.4% compared to 2016. This growth was driven by increases particularly in OECD Asia Oceania (+17.7%), whilst the OECD Americas (1.1%) and OECD Europe (0.4%) saw moderate growth. OECD Americas continued to account for nearly three quarters of the t

Bahrain Seeks Big Oil’s Help to Develop New Shale Discovery

Bahrain will invite international oil companies to help it develop its first major discovery in decades, hoping to begin production within five years. Production from the new discovery could one day reach 200,000 barrels a day, according to Abdulrahman Ali Buali, a member of Bahrain’s C

Shipowners’ Multibillion-Dollar Quandary: Buy Cleaner Fuel or a Fuel Cleaner?

The owners of 60,000 cargo ships are bracing for tighter emissions rules that are forcing them to make a multibillion-dollar choice: Start buying cleaner-burning fuel or invest in a device that treats the ship’s exhaust before letting it out. It isn’t an easy call. Retrofitting a

Business Trends: The Impact of Industrial Analytics on the Chemical Industry

A major challenge for chemical plants is the cost associated with unscheduled machine downtime. Since companies do not share shutdown information publicly, it is often challenging to calculate asset failure at an industry-wide level. Nevertheless, according to Accenture’s ICIS Chemical

Refinery Catalysts Outlook

Extract from 3/8/2015 CAP Communications (See full Chemical Week Magazine article here) Refinery catalyst makers say demand has been solid. The future outlook for refinery catalyst demand is mixed, with tailwinds such as population and economic growth, low-sulfur regulations, and cheaper feed

BP Energy Outlook 2018: Energy Demand Grows as Fuel Mix Continues to Diversify

The 2018 edition of BP’s Energy Outlook has been published and considers the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition. The speed of the energy transition is uncertain and the new Outlook considers a range of scenarios.

India Plans to Raise Refining Capacity by 77% by 2030

Refiners in India, the world’s third-biggest oil consumer and importer, have drawn up plans to raise their capacity by 77% to about 8.8 MMbpd by 2030 to meet the country’s rising fuel demand. India is emerging as one of the key global drivers for refined fuels consumption as its e

Topsoe Chosen as Technology Licensor of the World’s Largest Methanol Facility

IGP Methanol LLC (Houston; US) has awarded Haldor Topsoe A/S (Lyngby; Denmark) a contract for engineering of a methanol plant that will produce 1.8 million ton/yr, which is part of a planned complex with a total production capacity of 7.2 million ton/yr. Topsoe’s SynCOR Methanol technol

Saudi Aramco, CB&I and Chevron Lummus Global Sign Joint Development Agreement to Demonstrate and Commercialize Thermal Crude to Chemicals (TC2C™) Technology

Saudi Aramco, through its wholly-owned subsidiary Saudi Aramco Technologies, has signed a three-party Joint Development Agreement (JDA) with CB&I, and Chevron Lummus Global (CLG), a joint venture between CB&I and Chevron U.S.A. The JDA will serve to scale up and commercialize Saudi Ar

The Future for Hydrocracking: Part 2

Refineries are gearing up to make more jet fuel/kerosene. For instance, PetroChina has said that it will build a new hydrocracking unit at its Golmud refinery in Qinghai province, China with the capacity to make 150,000 t/y (3200 b/d) of kerosene. The new unit was expected to start up in Octo