Africa
History of the HPI: The 1990s: Clean fuels and emissions mitigation, M&A, GTL and the fieldbus wars
Much like several initiatives passed in the 1970s and 1980s, the 1990s were a decade heavily focused on environmental issues, with many new regulations being enacted to not only mitigate industrial and vehicle emissions but also to advance the production of clean fuels globally.
Industry Perspectives
In 1H 2022, new capital projects have declined 19% vs. 1H 2021.
Industry Perspectives: Hydrocarbon Processing’s Mid-Year Update webcast to be held in late June
Over the past several years, the hydrocarbon processing industry (HPI) has been engaged in a whirlwind of peaks and valleys.
Global refiners falter in efforts to keep up with demand
Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the United States and Brazil to smaller countries like war-ravaged Ukraine and Sri Lanka.
Business Trends: Insights from the 2020 Worldwide Fuels Refinery Performance Analysis
The author’s company recently completed its data analysis for the <i>2020 Worldwide Fuels Refinery Performance Analysis (Fuels Study).</i>
History of the HPI: The 1950s: Capacity expansion, HDPE/PP, polycarbonate, computers and rocket science
The 1950s marked an evolution in the use of oil by nations around the world.
Industry Perspectives: 1Q project announcements this year down vs. 1Q 2021
New capital project announcements are down 27% in 1Q 2022 vs. 1Q 2021.
Global Project Data
Gulf Energy Information’s Global Energy Infrastructure database is tracking nearly 1,100 projects around the world, totaling more than $1.8 T in active capital project investments.
Industry Perspectives: Capital investments/major trends affecting the global HPI
In late January, Tyler Campbell, Associate Editor, <i>Hydrocarbon Processing</i>, <i>Gas Processing & LNG</i>, and <i>H2Tech</i>, presented an update on the global capital construction landscape at the Engineering and Construction Contracting (ECC) Extra Conference in New Orleans, Louisiana (U.S.).
Construction
Eni plans to launch its 3.4-MMtpy FLNG vessel offshore Mozambique this year. The Coral Sul FLNG vessel is being built by Samsung Heavy Industries.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
