Petrochemicals

BIMCO expects oil product tankers earnings will decline as stock building slows down to earnings from 3Q14.

Malcolm Brinded CBE FREng FEI has taken on the role of President Elect at the Energy Institute.

Honeywell has announced that Darius Adamczyk, President and Chief Operating Officer, will succeed Dave Cote as Chief Executive Officer on 31 March 2017.

DNV GL has officially opened a new, state of the art training centre at its large scale testing and research facility at Spadeadam in Cumbria, UK.

Saudi Aramco and Saudi Arabian Basic Industries Corp. (SABIC) have signed a heads of agreement to conduct a feasibility study on the development of a fully integrated crude oil-to-chemicals complex.

VOTL of Essar Ports has been named as the best performing terminal in the Kandla Port Trust.

The Global CCS Institute has released two new reports that say 8 billion tonnes of industrial emissions are being overlooked in the climate fight.

CortecCros is now a fully owned subsidiary of Cortec Corporation.

President of Verband der Chemischen Industrie e.V., Marijn Dekkers, has released his views on the outcome of the EU Referendum.

Wison Engineering has won an EPC contract for an ethylene oxide and ethylene glycol (EOEG) project in the Middle East.

Wison Engineering has reported that the company has begun its first EPC project on site in United Arab Emirates.

SiGNa has announced the opening of its new manufacturing plant and research centre.

In light of the results of the EU referendum, the IET has called for an emergency meeting to discuss the damaging impact of Brexit on UK engineering.

According to the EIA, the Panama Canal expansion is unlikely to significantly change crude oil and petroleum product flows.

According to ESAI Energy, new coking capacity will reduce fuel oil production, lifting the demand for heavy crude.