Americas
HP Boxscore Construction Analysis: Is the US nearing the next construction boom?
US activity will be led by LNG liquefaction and export terminals, along with new and expanded fractionators, ethylene crackers and other petrochemical infrastructure.
HP Viewpoint: LNG: Fueling the future
A few short years ago, the US was a net importer of natural gas. Today, due to the discovery of vast supplies of natural gas and significant technological advancements in unlocking these reserves from..
HP Water Management: Need a package boiler in a hurry?
Acquiring a package boiler is an unplanned event that requires process engineers to solve this completely unfamiliar problem. To reduce the chaos of replacing them, here are helpful ways to resolve this situation.
HP Industry Perspectives: 2012: Is it over yet?
According to a year-end report from the American Chemistry Council (ACC), the global economy is still stumbling three years after the “great recession of 2008.” The Euro area is challenged t..
HP Impact: US crude production hits 15-year peak
The US Energy Information Administration (EIA) reports that US crude oil production (including lease condensate) averaged almost 6.5 million bpd in September 2012, the highest volume in nearly 15 year..
HP Impact: Canadian oil sands GHG emissions scrutinized
IHS has released an update to its 2010 report comparing the greenhouse gas (GHG) emissions from fuels made from Canadian oil sands to those from other crude sources. The new analysis found that total ..
Petroequador to double Amazonas refinery output
The director of Equador's state-owned oil company says the aim is to raise capacity at the refinery to 40,000 bpd, up from the current 20,000 bpd. Imports of refined products cost Ecuador an estimated $4.0 billion a year. The government plans to reduce the amount of imported petroleum products.
EPA chief Lisa Jackson to step down from US post
Republicans and industry groups often criticized Ms. Jackson, saying her agency's regulations were killing jobs and raising uncertainty for business. A coal industry representative that Ms. Jackson "presided over some of the most expensive and controversial rules in agency history."
European petrochem industry missing out on shale gas benefits – Sabic CEO
Mohamed al-Mady, the Sabic CEO, said the US production boom has driven down gas prices, making electricity cheaper for the energy-intensive industry. The shale gas also often contains ethane, which can be converted into the ethylene that is used in many of the petrochemical industry's products, he said.
US gasoline demand rises 4.5% from prior week
The 4.5% increase to 4.5% to 8.95 million bpd came as gasoline prices sank 15 cents per gallon over the Dec. 7-21 period. Gasoline prices are now at their lowest level in a year and are flat compared with last year's level, said John Gamel, gasoline analyst for MasterCard Advisors SpendingPulse.
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