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/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/2024/07/saint-gobain-to-acquire-chemicals-construction-company-fosroc-for-1-b/ Saint-Gobain has entered into a definitive agreement to acquire FOSROC, a leading privately owned global construction chemicals player, for $1 B (€960 MM) in cash. http://hydrocarbonprocessing.com/news/2024/07/nextchem-maire-awarded-new-contracts-for-proprietary-equipment-technology-engineering-services/ MAIRE has announced that NEXTCHEM (Sustainable Technology Solutions) has been awarded new contracts for an overall value of approximately €30 MM by leading international clients, mainly in the Middle East and Europe. http://hydrocarbonprocessing.com/news/2024/06/aramco-s-strategic-gas-expansion-progresses-with-25-b-in-contract-awards/ Aramco has awarded contracts worth more than $25 B to progress its strategic gas expansion, which targets sales gas production growth of more than 60% by 2030. 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/news/2024/06/japans-mitsui-building-ammonia-plant-in-uae-to-start-production-in-2027/ Mitsui & Co. has begun building an ammonia plant in the United Arab Emirates (UAE) with partners including an Abu Dhabi National Oil Company (ADNOC) unit. http://hydrocarbonprocessing.com/magazine/2024/june-2024/refinery-and-petrochemical-integration/a-multi-objective-optimization-study-for-an-integrated-oil-refinery-petrochemical-plant-part-2/ In this research, the integration of an oil refinery and an ethylene-producing facility was examined using a mixed-integer nonlinear programming model that prioritized maximizing ethylene and propylene production and net profit.