Oil price to average $52 in 2017; Magellan Midstream plans marine terminal

Jul 14, 2016

Petrochemicals news you need to know.

Multimedia: Mapping US ethane cracker construction projects

May 5, 2016

There are currently seven ethane crackers under construction on the U.S. Gulf Coast - for a total of about 8.75 million metric tons of new annual ethylene capacity - five of which are slated to come on stream by the end of 2017, according to Petrochemical...

Rising capital costs provide warning to Arabian Gulf petchems developers

Apr 8, 2016

Construction costs for petrochemical and refining projects in the Gulf Cooperation Council (GCC) region are up 2-4 times compared to 14 years ago, according to Koen Vermeltfoort, principal Capital Productivity Practice at McKinsey & Company.

Project owners use lean methods, reverse-phase schedules to cut risk

Mar 24, 2016

Petrochemical owners can reduce the volatility of the current business environment on the scope of their projects by maximizing their front-end planning (FEP) and implementing lean principles in engineering and construction, according to a panel of experts...

USGC skilled labor demand to peak in 2017 on downstream spending

Mar 10, 2016

The demand for skilled labor in the current wave of US downstream construction projects is expected to peak in 2017 based on the pipeline of committed capital and maintenance projects in the petrochemical, LNG and NGL sectors, according to Michael Bergen,...

Gulf petchems producers revisit 2016 project spend amid low oil

Feb 26, 2016

Low oil prices will not put a dent in the strategic petrochemical megaprojects in the Gulf Cooperation Council (GCC) region, although smaller projects that have not been firmed up yet might be pushed aside until prices recover, according to Abdulwahab Al-...

Braskem seeks US growth; Gulf countries tap outside funds

Feb 25, 2016

Petrochemicals news you need to know.