Europe
Oil whipsaws as production seen rising, more OPEC cuts discussed
NEW YORK (Reuters) -- Oil prices whipsawed Monday, turning negative after the International Energy Agency forecast potential shale oil growth and waning European refined product demand, which bodes poorly for global efforts to remove a glut.
Avantium to raise at least 90 million euros in IPO
AMSTERDAM (Reuters) -- Avantium, a Dutch company that has developed technology for making plastic from sugars rather than petrochemicals, said on Monday it hopes to raise at least 90 million euros in an initial public offering, giving it a market capitalization of $279.95 million.
STAR '17: Conference kicks off with the power of digital
The 17th STAR Global Conference got underway March 6 in Berlin, Germany with plenary sessions from CD-Adapco and Siemens PLM leadership.
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.
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.
BP announces growth plans for the next five years at presentation
LONDON -- During a presentation in London, BP updated the financial community on details of its strategy and, in particular, medium-term plans for the next five years, based on oil prices similar to where they are today.
Neste Jacobs to deliver simulators to catalytic cracking unit, FCC gas recovery unit
Neste Jacobs, a technology, engineering and project management company and Neste, the world's largest producer of renewable diesel and producer of high-quality oil products, have signed an agreement regarding deliveries of NAPCON Simulators to Fluid Catalytic Cracking Unit and FCC Gas Recovery Unit to Porvoo refinery.
Neste starts ex-pipe delivery of low-sulfur marine fuel in Sweden
Neste has started the ex-pipe delivery of low-sulfur marine fuel at the Södertälje terminal in Sweden. In ex-pipe delivery, marine fuel is delivered directly to ships via a pipeline from the terminal, without any separate refueling trucks or vessels.
- 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
