News Room

News Room

German Refining Industry on the Verge of Consolidation and Production Cuts

German refineries have historically relied on crude oil from Russia/CIS (35%), the North Sea (32%), the Middle East (18%) and North and West Africa (15%). However, recent decreases in North Sea production require many German refineries to source crude supplies from farther afield, incurring l

National Oil Companies Plunge Deeper into Chemicals

In an effort to diversify their economies, national oil companies from the Middle East and North Africa are investing in chemicals, where they see attractive growth and sustainable prospects. Abu Dhabi National Oil Co. (ADNOC) plans to invest $45 billion, with partners, in its refining and pe

Oil’s March into Chemicals Will Rattle Status Quo

The outlook for motor fuels is having a strong, increasing influence on petrochemicals capacity investments and promises to rattle the chemical industry status quo. Any company involved in steam cracking and businesses immediately downstream needs to develop scenarios and strategies taking in

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