Industry: Oil & Gas

We recently shared ideas in COMPRESSORtech2 on how turbomachinery and other OEMs serving the oil and gas, energy, and chemical industries can survive and compete in the downturn.

Access our team’s summary of the proposed energy policies of the two U.S. Presidential Election candidates, Donald Trump and Hillary Clinton.

Abundant, low-cost natural gas has driven companies to pursue monetization strategies, primarily large-scale LNG liquefaction. However, smaller markets are also experiencing innovation and growth due to this gas surplus.

Chemical industry summary Global prices and trade for the major polyolefins reflect a reasonable balance of supply and demand that has been supported by a number of global outages, planned and unplanned, particularly in North America. Improved global growth will be required to maintain strong demand growth and chemical operating rates as new capacity in […]

Chemical industry summary Consolidation of the global agricultural chemicals sector is continuing as a brisk pace. On September 14, Monsanto accepted Bayer’s takeover bid, valued at US$66 billion. This included a stock price of $128 per share and the assumption of US$10 billion in debt. The final bid follows two previous bids, and reported talks […]

Chemical industry summary The anticipated secular recovery of the global crude oil market appears to be faltering under the pressure of strong production output and sustained high inventory levels. In July, Saudi oil output rose 123,000 barrels per day to hit a level of 10.67 million bpd. Russian crude exports are up nearly 5% to […]

The Panama Canal expansion now accommodates post-Panamax vessels, potentially impacting crude oil, LPG, and LNG trade markets.

Bolivia’s YPFB employs an LNG virtual pipeline system, transporting LNG via tanker trucks from the Rio Grande liquefaction plant to supply natural gas to the remote towns of San Julian, San Jose de Chiquitos, and Tupiza, bypassing existing pipeline networks.

Chemical industry summary  With the Q2 earnings season in sight, financial analysts are forecasting flat year-on-year earnings results from any chemical companies, with a relative balance of puts and takes from last year’s performance. However, it is likely that industry leaders will note some encouraging signs on the horizon, with several industries seeing modest improvement […]

In 2014, China’s LNG demand reached a peak of 2.7 bcfd, ranking it third globally behind Japan and South Korea. Subsequently, economic deceleration led to the first decline in Chinese LNG imports since their inception in 2006.

Pipeline corrosion management is being improved through advanced operational practices and technologies, as demonstrated in this case study.

Despite increasing ethanol blending, the value of octane has significantly risen from 2010 to 2015. This unexpected trend is attributed to various factors affecting the refining industry.