The COVID-19 pandemic is regarded as one of the most exceedingly difficult challenges faced in the oil and gas industry's history.
The global pandemic, economic slowdown and instability caused by regional conflicts have significantly impacted the approximately 735 petroleum refineries worldwide.
Transportation fuel demand is predicted to peak in the next 10 yr–20 yr. This is being driven by efforts to improve the fuel efficiency of vehicles as well as a decline in the demand for fuel in mature economies.
In the chemicals, petroleum refining and natural gas industries, gas flaring systems are commonly installed for safe operation to burn associated and non-associated gases.
The production of carbon-neutral and renewable transportation fuels is growing rapidly, driven by the need to find feedstocks beyond fossil resources.
As the world continues along its energy transition trajectory, demand for blue hydrogen and reduced carbon emissions will make high-purity carbon dioxide streams available in many process plants.
& Gas Prices
Data provided by Global Energy Infrastructure.
Gulf Energy Information’s Global Energy Infrastructure database is tracking nearly 1,100 projects around the world. At 40%, the Asia-Pacific region holds the largest market share in total active projects followed by the Middle East and the U.S. These three regions represent nearly 70% of all active projects in the hydrocarbon processing industry.
Click here to learn more about Global Energy Infrastructure.
For additional downstream construction project data, visit Global Energy Infrastructure.
| Project: | Long Son Petrochemicals Complex |
| Location: | Long Son, Vietnam |
| Operator: | Siam Cement Group |
| Cost: | $5.4 B |
| Capacity: | 1.65 MMtpy |
| Completion date: | completionDate |
| Status: | Under Construction |
| Project: | Huizhou Petrochemical Complex |
| Location: | Huizhou, China |
| Operator: | ExxonMobil |
| Cost: | $10 B |
| Capacity: | 1.6 MMtpy |
| Completion date: | completionDate |
| Status: | Under construction |
| Project: | Visakh Refinery |
| Location: | Visakhapatnam, India |
| Operator: | Hindustan Petroleum Corp. Ltd. |
| Cost: | $3.1 B |
| Capacity: | 134,000 bpd |
| Completion date: | completionDate |
| Status: | Under Construction |
| Project: | LyondellBasell PO/TBA Complex |
| Location: | Channelview, Texas (U.S.) |
| Operator: | LyondellBasell |
| Cost: | $2.4 B |
| Capacity: | 1.47 MMtpy |
| Completion date: | completionDate |
| Status: | Under Construction |
Discover how several global impacts—such as Russia’s war in Ukraine, supply chain crises and inflation—have and will impact spending and business activity in the global petrochemicals, refining and natural gas/LNG industries. HPI MARKET DATA 2023 is the processing industry’s most trusted forecast of capital, maintenance and operating expenditures.
This handbook-type industry reference source is produced by the staff of Hydrocarbon Processing. It contains flow diagrams and descriptions of more than 170 commercially viable gas processing processes from 25 licensors. Included are drying, treating, dehydrogenation, effluent cleanup, hydrogen, liquefied natural gas, syngas, sulfur, liquid treating, etc. Each process description includes a flow diagram as well as application, economics and licensor information. The processes are indexed by process and contributing company.
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