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.
In 1H 2022, new capital projects have declined 19% vs. 1H 2021.
Over the past several years, the hydrocarbon processing industry (HPI) has been engaged in a whirlwind of peaks and valleys.
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.
The author’s company recently completed its data analysis for the 2020 Worldwide Fuels Refinery Performance Analysis (Fuels Study).
New capital project announcements are down 27% in 1Q 2022 vs. 1Q 2021.
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.
In late January, Tyler Campbell, Associate Editor, Hydrocarbon Processing, Gas Processing & LNG, and H2Tech, presented an update on the global capital construction landscape at the Engineering and Construction Contracting (ECC) Extra Conference in New Orleans, Louisiana (U.S.).
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.