Middle East oil producers target petrochemicals for growth
As regional producers seek new revenue streams, petrochemicals have moved to the forefront...
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Asia and Africa still dominate global refinery spending
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Iran and India continue to drive global ammonia capacity growth
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Iran and India to drive global ammonia capacity growth
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Asia leads in global petrochemicals capacity additions
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Refracturing horizontal wells in Haynesville still shows uneven results
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China continues to drive global propylene capacity growth
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Middle East oil producers target petrochemicals for growth
As regional producers seek new revenue streams, petrochemicals have moved to the forefront of their plans, with demand expected to grow by a massive 150% by 2040.
Asia and Africa still dominate global refinery spending
GlobalData’s latest report, H2 2018 Global Capacity and Capital Expenditure Outlook for Refineries – Asia and Africa Continue to Dominate Global Refinery Capex and Capacity Additions, indicates that, the global crude distillation unit (CDU) capacity is expected to register significant growth of 15.1% over the next four years, increasing from 101.7 million barrels per day (mmbd) in 2018 to 117.0mmbd by 2022.
Iran and India continue to drive global ammonia capacity growth
GlobalData’s latest report, Q3 2018 Global Ammonia Capacity and Capital Expenditure Outlook – Iran and India Continue to Drive Global Capacity Growth states that the global ammonia capacity is poised to see considerable growth over the next nine years, potentially increasing from 241.9 million tonnes per annum (mtpa) in 2017 to 286.4mtpa in 2026.
Santos to supply gas for Visy’s New South Wales operations
Australian energy company Santos has signed an agreement to supply wholesale gas for Visy’s New South Wales (NSW) operations.
Hamburg-Based Implico Group Appoints New CFO
Software and consulting company Implico has announced that Tim Hoffmeister will become the new chief financial officer (CFO) and co-managing director effective 1 September 2018.
Iran and India to drive global ammonia capacity growth
GlobalData’s latest report, Quarterly Global Ammonia Capacity and Capital Expenditure Outlook – Iran and India to Drive Global Capacity Growth states that the global ammonia capacity is poised to see considerable growth over the next nine years, potentially increasing from 240.6 million tonnes per annum (mtpa) in 2017 to 284.8mtpa in 2026.
Asia leads in global petrochemicals capacity additions
GlobalData’s latest report, Semi-Annual Global Petrochemicals Capacity and Capital Expenditure Outlook – Ethylene Commodity Continues to Lead in Global Petrochemicals Capacity Additions states that the global petrochemicals capacity is poised to see considerable growth over the next nine years, potentially increasing from 1,547.2 million tonnes per annum (mtpa) in 2017 to 1,931.5mtpa in 2026.
Refracturing horizontal wells in Haynesville still shows uneven results
More than 50 horizontal wells were refractured in Haynesville during the last two years with results showing a wide variance in economic performance. The best outcomes are for wells for which their production rate after refracturing is higher than the initial rate.
China continues to drive global propylene capacity growth
GlobalData’s latest report, Q2 2018 Quarterly Global Propylene Capacity and Capital Expenditure Outlook – China Continues to Drive Global Capacity Growth states that the global propylene capacity is poised to see considerable growth over the next nine years, potentially increasing from 121.3 million tonnes per annum (mtpa) in 2017 to 148.1mtpa in 2026.
Petrofac wins $370m contract for Majnoon field, Iraq
Petrofac has secured a $370m contract from Basra Oil Company (BOC) regarding the expansion of the central processing facility (CPF) in Majnoon field, southern Iraq.
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