Friday, March 29, 2019
Energy, Petrochemicals and Plastics 10
1 Will Chemicals Save The Downstream Sector?
https://www.forbes.com/sites/woodmackenzie/2019/03/26/will-chemicals-save-the-downstream-sector/
Chemicals are integral to modern urban life, from the packaging that keeps our food fresher for longer, to the carpets in our homes and offices, the casings of our phones and computers, to the vehicles we drive.
2 $200B+ Could Be Invested in US Petchems
https://www.rigzone.com/news/200b_could_be_invested_in_us_petchems-28-mar-2019-158481-article/
During the 15-year span from 2010 to 2025, the U.S. petrochemicals industry is on track to invest more than $200 billion in hundreds of projects, according to Wood Mackenzie.
3 Unlocking Value From Data Is Key To A Successful Digital Transformation
https://www.forbes.com/sites/markvenables/2019/03/28/unlocking-value-from-data-is-key-to-a-successful-digital-transformation/
For oil and gas digital transformation is not a project where you make a roadmap and have a defined finish line, which, once crossed, constitutes a company being digitalized. Digitalization is achieved by implementing hundreds of use cases in a scalable manner.
4 Technology Is A Huge Driver Of The U.S. Oil And Gas Boom
https://www.forbes.com/sites/davidblackmon/2019/03/25/technology-is-a-huge-driver-of-the-u-s-oil-and-gas-boom/
In the world of oil and natural gas, engineers, geologists, and drilling and production departments tend to get the lion’s share of the credit when good things happen, and most of the blame when they don’t. That’s fair, given the crucial roles these groups of employees play within the thousands of companies that make up the U.S. oil and gas industry.
5 Chinese LNG Imports Drop As Winters Nears End
https://oilprice.com/Energy/Natural-Gas/Chinese-LNG-Imports-Drop-As-Winters-Nears-End.html
China’s liquefied natural gas (LNG) imports increased in February compared to the same month last year, but fell from the record highs from January as the winter heating season approaches its end amid ample supplies in Asia.
6 Tight oil development will continue to drive future U.S. crude oil production – Today in Energy
https://www.eia.gov/todayinenergy/detail.php?id=38852
(AEO2019) Reference case projects that U.S. tight oil production, which became the more common form of oil production in 2015, will continue to increase through 2030, ultimately reaching more than 10 million barrels per day (b/d) in the early 2030s. Tight oil production reached 6.5 million b/d in the United States in 2018, accounting for 61% of total U.S. production. EIA projects further U.S. tight oil production growth as the industry continues to improve drilling efficiencies and reduce costs, which makes developing tight oil resources less sensitive to oil prices than in the past.
7 Denmark asks Nord Stream 2 to assess third route option for gas pipeline
https://www.reuters.com/article/us-gazprom-nordstream-2-denmark-idUSKCN1R916S
The Danish Energy Agency has requested an environmental assessment of a third route option for the Nord Stream 2 gas pipeline in Danish waters, a move that could delay the project to pump Russian gas to Europe.
8 Food and beverage industries need to get on board with Industry 4.0
https://www.profoodworld.com/articles/food-and-beverage-industry-needs-get-board-industry-40
Speaking at the ProFood Tech Innovation Zone yesterday, Sasha Ilyukhin from Tetra Pak said that the food and beverage industry needs to embrace a customer-centric environment by driving digital through an organizational transformation. “Digital transformation equals human transformation,” said Ilyukhin.
9 Saudi Aramco to buy SABIC in $69 billion chemicals megadeal
https://www.reuters.com/article/us-aramco-sabic-m-a-idUSKCN1R81QU
The world’s largest oil producer Saudi Aramco has agreed to buy a 70 percent stake in Saudi Basic Industries Corp (SABIC) from the kingdom’s wealth fund for $69.1 billion in one of the biggest deals in the global chemical industry.
10 European Parliament votes overwhelmingly to ban single-use plastics
https://www.cbc.ca/news/world/eu-plastics-ban-1.5074053
Single-use plastic items such as straws, forks and knives will be banned in the European Union by 2021 following a vote by EU lawmakers on Wednesday.
11 Putting Alberta’s Future Energy Policies To The Test
https://www.forbes.com/sites/energyinnovation/2019/03/27/putting-albertas-future-energy-policies-to-the-test/
Last week, Alberta’s premier called an election in the Western Canadian province, following a years-long economic downturn due to depressed global oil prices — which has dominated discussions about the province’s energy and economic future. Albertans increasingly recognize that business as usual is not a likely road to continued prosperity with changing global economics, raising questions about how the province’s energy policies should reflect this shift.
12 North America LNG liquefaction capacity to see major boost in 2023
https://www.lngindustry.com/liquid-natural-gas/27032019/north-america-lng-liquefaction-capacity-to-see-major-boost-in-2023/
According to GlobalData, North America is expected to add approximately 265 million tpy of LNG liquefaction capacity in 2023.
13 Kansas City Southern sees surging fuel-by-rail growth in Mexico
https://www.reuters.com/article/us-mexico-railways-idUSKCN1R801Z
The Mexican subsidiary of U.S. railroad operator Kansas City Southern expects its gasoline transport business to grow at least 15 percent by volume this year, and possibly much more, a senior executive said on Tuesday.
14 Pemex imports crude in February, despite president’s aversion
https://www.reuters.com/article/us-mexico-pemex-idUSKCN1R8046
Mexican state oil company Pemex imported crude oil in February despite the new president’s sharp criticism of the previous government’s authorization of foreign oil shipments, official data showed on Tuesday.
15 Report: Advanced Plastics Recycling Has Potential for $10 Billion Economic Output : Plastics Technology
https://www.ptonline.com/news/report-advanced-plastics-recycling-has-potential-for-10-billion-economic-output
If widely adopted, these processes could result in nearly 40,000 direct and indirect U.S. jobs, as much as $2.2 billion in annual payroll, and another $9.9 billion in direct and indirect economic output.
