Asia/Pacific
HP Industry Metrics
A sharp drop in the gasoline crack spread following the end of the US driving season and increasing inventories caused refinery margins to fall.
Gastech ’15: Gazprom targets expansion in evolving Asia-Pacific market
Alexander Medvedev, Deputy Chairman of the Management Committee of Gazprom, noted that Asia-Pacific is, and will continue to be, the world's main driver of global gas consumption growth.
BP to sell LNG to China in multi-billion-dollar deal
“This marks another long-term LNG supply deal between BP and Chinese buyers and it will play an important role in enhancing China’s energy diversification,” said BP's CEO Bob Dudley.
Global petrochemical prices fall to six-year lows
Petrochemical prices, expressed as a monthly average, fell $102/ton from August to $786/ton in September. This is the second straight month where the average price has fallen over $100.
Praxair starts up new air separation plant at East China chemical complex
Through a long-term contract, the 600-tpd plant will supply on-site, high-purity oxygen and nitrogen to Oxiran, a leading industrial company focused on the development and sale of ethylene oxide derivative (EOD) chemicals in China.
Improve refinery margins with new crude selection concept
A refinery with an active crude selection strategy encompassing dedicated staff, preapproval of all new crudes and an updated crude acceptance window can gain $0.5/bbl–$1/bbl vs. a more passive strategy.
Maintaining gas system accuracy and reliability through calibration
In the process industries, laser-based analytical techniques have emerged as a popular method of examining process line samples because of their high level of durability, fast response time and minimal maintenance requirements.
Managing the recovery from the Jaipur oil terminal fire
In October 2009, a devastating fire at the oil terminal in Jaipur, India, killed 11 people, injured many more and incurred a significant financial loss.
HP Industry Metrics
High US refinery utilization rates have continued, encouraged by strong gasoline demand amid lower crude prices.
Varied solutions to the challenges of sulfur management
As governments impose progressively stringent limits on the sulfur content of fuels, the refining industry and the hydrocarbon processing industry (HPI) are increasing their focus on sulfur removal to maximize profits from sulfur-rich oil and gas resources.
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- Contentious COP29 deal shows climate cooperation fraying at edges 11/26
- Oil majors betting big on biofuels with more than 40 projects by 2030 11/26
