Americas
US Senate confirms Trump pick Perry as energy secretary
WASHINGTON (Reuters) -- The US Senate on Thursday voted to confirm President Donald Trump's pick to head the Department of Energy, former Texas Governor Rick Perry, who has promised to renew America’s nuclear weapons arsenal.
Athlon, Evonik partner up to boost petchem capabilities
An agreement with Evonik Industries inked last fall complements Athlon Solutions’ water and process treating capabilities with a globally-proven product line and technical support network.
Global Project Data
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, more than $400 B is being invested in active petrochemical projects around the world.
Industry Perspectives: Global petrochemical sector to see robust growth to 2020
The global petrochemical sector will continue to see strong growth through the end of the decade, despite a decrease in new project announcements. The crash in energy markets has shifted the industry’s mindset from bullish to optimistic.
Formosa expects faster ok for US petchem plant under new EPA chief
(Reuters) -- Formosa Petrochemical Corp. expects faster approval for a planned $9.4 billion petrochemical plant in the US state of Louisiana under the administration of President Donald Trump, the company's chairman said on Wednesday.
Peak gasoline demand looms with engine efficiency gains
LONDON (Reuters) -- Demand for gasoline in the US, which accounts for a tenth of global oil consumption, is expected to peak next year as engines become more efficient, WoodMackenzie analysts said.
Oil down on record US crude stocks, flat Russian output
LONDON (Reuters) -- Oil prices fell on Thursday after US crude stocks hit an all-time high and official data showed Russian oil production unchanged in February, with no further cuts to tighten the market and drain global oversupply.
EIA: Planned refinery outages through first half of 2017 not expected to affect availability
The US Energy Information Administration's (EIA) latest analysis of planned refinery outages during the first half of 2017 finds that such outages are not expected to cause a shortfall in the supply of petroleum products including gasoline, jet fuel, and distillate fuel, relative to expected demand, either nationally or within any US region. This result occurs despite the current high level of US gasoline demand, which in 2016 was as high as or higher than in any past year.
Air Products wins Marathon Petroleum hydrogen supply agreement
LEHIGH VALLEY, Pa. -- Air Products, an industrial gases company, announced it has been awarded the long-term supply of approximately 30 million standard cubic feet per day of hydrogen by Marathon Petroleum Company LP for its Garyville, Louisiana refinery. This new supply award, to begin in November 2017, is in addition to volumes of hydrogen Air Products already provides Marathon Petroleum at its Garyville refinery.
Zachry Group acquires Ambitech Engineering Corporation
SAN ANTONIO -- Zachry Group announced that it has acquired Chicago-based Ambitech Engineering Corporation, a global, full-service provider of engineering, design, project management, procurement and construction management services.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
