http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2024/07/bp-energy-outlook-two-main-scenarios-see-2025-oil-peak-rapid-renewables-growth/ bp expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 the company published on Wednesday. http://hydrocarbonprocessing.com/news/2024/07/gulf-energy-information-appoints-catherine-watkins-as-chief-commercial-officer-to-drive-market-expansion/ Gulf Energy Information (Gulf), a premier B2B media company in the global energy sector, proudly announces the transition of Catherine Watkins from Chief Financial Officer (CFO) to Chief Commercial Officer (CCO), effective immediately. This strategic transition aligns with Gulf’s commitment to expanding market share and driving sales growth across key markets. http://hydrocarbonprocessing.com/news/2024/07/aslan-energy-signs-mou-for-35-000-hectares-of-mexico-land-to-propel-green-h2-and-ammonia-production/ A significant step towards sustainable energy production and environmental preservation was taken by Aslan Energy Capital (Aslan Energy), which signed a memorandum of understanding (MoU) for the acquisition of 35,000 hectares (~86,500 acres) of land in Sonora, Mexico. http://hydrocarbonprocessing.com/news/2024/07/opec-sticks-to-2024-oil-demand-view-sees-strong-travel-season/ OPEC is sticking to its forecast for relatively strong growth in global oil demand in 2024 and next year, saying on Wednesday that resilient economic growth and air travel would support fuel use in the summer months. http://hydrocarbonprocessing.com/news/2024/07/eia-global-oil-market-will-be-in-supply-deficit-next-year/ Global oil demand will outpace supply next year, the U.S. Energy Information Administration (EIA) said on Tuesday, reversing a prior forecast for a surplus. http://hydrocarbonprocessing.com/news/2024/06/panama-canal-traffic-to-increase-as-drought-conditions-ease/ The Panama Canal Authority (APC) has announced that it will increase the number of daily booking slots for vessels transiting the Panama Canal to 35 in August, easing rules that restricted shipping traffic through the narrow waterway since last year. http://hydrocarbonprocessing.com/news/2024/06/new-dnv-survey-highlights-oil-and-gas-sector-paradox/ The latest DNV survey, “The Paradox of Petroleum—How the oil and gas sector is transforming through uncertainty,” gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector. http://hydrocarbonprocessing.com/magazine/2024/june-2024/trends-and-resources/global-project-data/ Spotlight on Asia http://hydrocarbonprocessing.com/news/2024/06/red-sea-ships-attacks-push-47-more-crude-oil-fuels-refined-products-around-africa/ Global crude oil and oil products shipments taking the long route between Asia, the Middle East and the West are up 47% since attacks began on vessels using the shorter Red Sea route. http://hydrocarbonprocessing.com/news/2024/06/goldman-sachs-global-lng-market-to-grow-by-50-by-2029/ Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.