US chemicals sector to keep global cost advantage for decades, study finds
The unconventional revolution is contributing to a shift in global competitiveness for the US by unlocking new production cost advantages, which is particularly pronounced in chemicals. The industry could enjoy a “profound and sustained competitive advantage that is expected to last for decades."
September 5, 2013Continue reading...Siam Cement Group Proceeds with Vietnam Petchem Complex
Siam Cement Group (SCG) has approved a medium-term investment plan worth 250 billion baht including a long-delayed US$4.5-billion petrochemical complex in Vietnam, the Bangkok Post reports.
September 4, 2013Continue reading...Aramco Extends Bidding for Ras Tanura Clean Fuels Project
State oil giant Saudi Arabia has extended the deadline for companies to bid for construction of a clean fuels and aromatics project at its largest refinery in Ras Tanura
September 4, 2013Continue reading...PdVSA shuts El Palito refinery FCC for maintenance
Petroleos de Venezuela, or PdVSA, will take the catalytic cracker unit at its 140,000 bpd El Palito oil refinery offline for 25 days for maintenance starting this week, state news agency AVN reported.
September 4, 2013Continue reading...India may offer Iraq stake in upcoming Indian Oil refinery in Eastern India
Indian Oil is building the refinery in the eastern state of Orissa with a processing capacity of 15 million tpy. It is expected to cost about 298 billion rupees ($4.38 billion), according to Indian Oil's website.
September 4, 2013Continue reading...EXMAR teams up with LNG Partners for BC LNG Project
EXMAR has entered into a Letter of Intent (LOI) and Term Sheet with LNG Partners, LLC and LNG BargeCo BVBA in respect of providing a Floating Liquefaction & Storage Unit (FLSU) to serve the BC LNG Project to be located on the West Bank of the Douglas Channel near Kitimat, British Columbia, Canada.
September 3, 2013Continue reading...Singapore Adds Infrastructure to Remain Major Asian Energy Hub
Singapore takes its role as an Asian energy hub seriously and constantly upgrades its infrastructure to support its status as the regional oil and gas center. Two projects currently undertaken by the government are an offshore hydrocarbons storage facility and an expansion in the capacity of the Singapore’s new liquefied natural gas (LNG) terminal, which received its first commercial LNG cargo May 7 – marking the start of operations and completion of the $1.33 billion (SGD 1.7 billion) Main Terminal Project.
September 3, 2013Continue reading...US sets modern record for monthly gas production
The new figures from the Energy Information Administration show estimated June gas output averaged 73.62 billion cubic feet/day. That figure would top the November 2012 revised figure of 73.54 bcf/day as the highest recorded by the EIA since it began keeping such records in 2005.
September 3, 2013Continue reading...Middle East eyes heavier ethylene feedstocks as US rides ethane wave
As North American shale resources drive low-cost ethylene production, Middle East producers are shifting their focus to heavier feedstocks and higher value-added products.
August 30, 2013Continue reading...Foster Wheeler awarded feasibility study by Statoil
Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Statoil ASA to undertake a feasibility study for the upgrade of Statoil’s Mongstad Refinery in Norway.
August 29, 2013Continue reading...
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