petrochemicals

Energy giant also forms venture with GE to reduce emissions from gas turbines.

Aramco commissioned a top-down and bottom-up assessment of the potential risks associated with delivering major projects in China, the Kingdom of Saudi Arabia, India, and the US Gulf Coast. Its goal is to deliver shareholder value while preserving the capital effectiveness and value of the projects.

The deal includes 15 global sites and over 1,700 staff expected to transfer to INEOS upon completion of the sale. The deal also follows BP’s announcement earlier in the month that it would cut 14% of its workforce.

What will 2020 look like for the oil and gas, energy, and petrochemical markets? Here are 10 observations from ADI Analytics that demonstrate just how global and complex the energy mix has become.

A multibillion dollar boom in petrochemical plants proposed along the US Gulf Coast could pump as much greenhouse gas into the air as 131 coal-fired power plants by 2030, according to a study released by researchers at The University of Texas.

ADNOC and CNOOC will explore multiple new opportunities for collaboration across the upstream and downstream sectors in the UAE and China.

Oil demand growth from the transportation sector, the linchpin of oil consumption, will slow to a trickle by 2035 and level off, while demand from the petrochemicals sector will become oil’s chief growth driver, the BP 2017 Energy Outlook says.