Trends/Markets

Asia leads global refinery coking units capacity additions by 2023

Submitted by Mark Venables on Thu, 2019-03-14 15:07

14th March 2019

Asia leads global refinery coking units capacity additions by 2023,

Asia, is the major contributor to the growth of the global refinery coking units industry, accounts for around 40% of the refinery coking unit’s capacity additions from new-build and expansion projects, between 2019 and 2023, according to leading data and analytics company GlobalData.

APIC 2018 Predicts Promising Future for Asian Petrochem Industry

Submitted by Editorial on Tue, 2018-08-21 12:16

21st August 2018

Huge growth potential for Malaysia as RAPID comes online in 2019

Shell sees potential LNG supply shortage as global demand surges

Submitted by Mark Venables on Mon, 2018-02-26 18:12

26th February 2018

Shell sees potential LNG supply shortage

The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017, according to Shell’s annual LNG Outlook.

US oil production could pass 9.9 million barrels per day

Submitted by Mark Venables on Wed, 2017-11-29 17:53

29th November 2017

US oil production could pass 9.9 million barrels per day

Rystad Energy’s comprehensive well data for the United States shows that domestic oil production could pass 9.9 million barrels per day in December 2017. For comparison, the EIA estimates oil production will reach just 9.72 million barrels per day in its September Short-Term Energy Outlook (STEO).

A brave new world beckons

Submitted by Mark Venables on Sun, 2016-11-20 23:30

20th November 2016

According to PwC the oil market is improving

As oil prices appear to be stabilising and supply and demand move towards equilibrium, there’s growing confidence in the sector that the worse is perhaps over

Stakeholders agree that collaboration and innovation are key to offshore industry growth

Submitted by Editorial on Wed, 2015-11-04 05:33

04th November 2015

Across the offshore industry, two approaches to financing and project spend are apparent: life cycle value versus short term costs.

BP study sees technology boosting energy supplies and providing path to lower carbon future

Submitted by Editorial on Wed, 2015-11-04 05:21

04th November 2015

BP Technology Outlook predicts secure and sustainable energy future through application of existing and new technologies

Rystad Energy expects oil price spikes for Brent in 2016

Submitted by Eva Brynjulfsen on Thu, 2015-08-27 11:14

27th August 2015

Norwegian research firm Rystad Energy says a Brent price as low as 50USD/BBL is not sustainable beyond 2016

Asia middle class growth to raise global energy demand 35 per cent by 2040, according to report

Submitted by Paddy Harris on Wed, 2014-12-10 11:08

10th December 2014

India and China middle class growth to raise global energy demand 35 per cent by 2014, according to report

Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35 per cent increase in energy demand by 2040, according to a new report released today by ExxonMobil