Construction
Improving certainty in uncertain times by building an IIoT-ready plant
Historical statistics indicate that 25% of projects have budget overruns and a further 50% have schedule slippage.
Construction
Toyo Engineering (Toyo) was awarded a contract to deliver a large-scale steam cracker complex in Malaysia.
Editorial Comment
In early June, Hydrocarbon Processing and Eni—an Italian multinational oil and gas company—hosted the annual International Refining and Petrochemical Conference (IRPC) in Milan, Italy.
Global Project Data
Hydrocarbon Processing’s Construction Boxscore Database is tracking more than 1,600 projects around the world, representing more than $1.8 T in capital expenditures.
Decline in LNG contract lengths and volumes raises future supply concerns
A dramatic acceleration of a trend toward smaller volumes and shorter tenures for LNG contracts in 2017 highlights the growing commoditization of the global LNG market, even as it raises troubling questions about future supply.
Editorial Comment: What is the future role of the process engineer?
During the American Institute of Chemical Engineers’ (AIChE’s) Spring Meeting, held in Orlando, Florida in April, I was honored to sit on a panel discussion with Paul Durand from ExxonMobil and Sanjeev Kapur from Apex PetroConsultants.
Industry Perspectives
Petrochemicals and gas processing/LNG sectors see largest increase in new projects.
Global Project Data
According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 450 downstream projects are under construction around the world.
Creating a ‘win-win’ between construction contractor and project owner—Part 2
For large projects, construction represents the biggest cost component and the greatest risk.
Simplification reduces risks and cuts costs
A facility’s ability to operate safely is the determining factor in its success or failure.
- GTT receives order from Samsung Heavy Industries for the tank design of two new very large ethane carriers 2/11
- Emerson introduces hybrid continuous gas analyzer for improved regulatory compliance and emissions control 2/11
- BASF to further strengthen Global Business Services through global hub setup 2/11
- Morocco signs agreement with ORNX consortium for $4.5-B green ammonia complex 2/11
- Rosneft oil refinery in Germany warns of risks from U.S. sanctions 2/11
- TotalEnergies takes over Zeeland refinery operations, Lukoil still owns 45% 2/11
