Adapting to thrive in a changing downstream energy market
Hari Gopu, Alto Project Services, looks at the major changes occurring in the oil and gas sector, and suggests ways to continue capturing value.
Special reports
IEA revises downwards 2021 oil demand
The IEA has revised down its forecast for global oil demand by 0.6 million bpd for 1Q21 and 0.3 million bpd for 2021 as a whole.
WoodMac: what Biden administration means for China and Asia Pacific
As Joe Biden’s inauguration approaches, Wood Mackenzie experts share how his administration could impact trade, climate change goals, and changes to the energy sector in Asia Pacific.
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EIA expects US fossil fuel production to increase through 2022
The US Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.
McKinsey research indicates aggregate fossil fuel demand set to peak in 2027
Aggregate fossil fuel demand is set to peak in 2027 – with oil peaking in 2029 and gas in 2037 – partially due to the impacts of COVID-19, according to new research by McKinsey & Co.
Asia had highest crude oil refinery maintenance globally in 2020, says GlobalData
The region had a refining capacity of 11.5 million bpd under both planned and unplanned maintenance in 2020, according to GlobalData.
EIA: US average gasoline prices and vehicle travel fell to multiyear lows in 2020
US regular retail gasoline prices were on average 44 cents/gal (17%) lower than in 2019.
GlobalData: China to lead global propylene capacity additions by 2030
China is predicted to account for 48% of the global propylene capacity additions by 2030.
GlobalData: North American petrochemical producers might see long-term cost advantage by reducing CAPEX for 2021
North American petrochemical majors that strive to pace investments efficiently, in line with market trends, will boost their competitiveness and seize further opportunities for growth over the long-term, says GlobalData.
More Special reports news
Biofouling mitigation
Livia Fallet and Renate Ruitenberg, Nalco Water, an Ecolab Company, USA, explain how connecting chemistry and advanced data analytics can help to minimise operational risks in cooling water systems.
Riding through the storm
Ekaterina Kalinenko, Euro Petroleum Consultants, Russia, examines how Russia’s downstream industry is faring while developing strategies for the future.
Aramco and Cognite create JV to accelerate industrial digitalisation
The JV will develop, distribute and deploy end-to-end digital and advanced solutions for customers across industries, including oil and gas, power and utilities, manufacturing and shipping.
Addressing plastic waste challenges
The AFPM recently conducted a Q&A with its Senior Director of Petrochemicals, Rob Benedict, to discuss the petrochemical industry’s role in reducing plastic waste.
GlobalData: Russia, Iran and the US to lead globally in terms of methanol capacity additions by 2030
Global methanol capacity could potentially increase from 148.44 million tpy in 2019 to 310.94 million tpy in 2030.
GE publishes report on decarbonisation
The company’s report states that a strategy combining both renewables and gas power will need to be implemented in order to achieve climate goals.