U.S. liquefied natural gas (LNG) projects, that in 2022 saw strong interest from buyers abroad willing to lock themselves into long-term contracts, this year face a more reluctant buy side...
A flurry of Gulf Coast LNG export facilities is set to raise U.S. domestic gas prices in the coming years and developers are optimizing liquefaction technology to capitalize on growing arbitrage opportunities between U.S. and global gas markets, analysts said.
In-house data scientists will raise productivity on U.S. petrochemicals projects in the coming years by maximizing insights from growing project datasets and multi-dimensional modelling, leading EPC executives said.
ExxonMobil is targeting key export markets such as Asia though 11 Gulf Coast chemical manufacturing and export facilities, including back-to-back ethane cracker projects which will add to the region's surging ethylene supply.
Craft labor supply is under pressure from rising construction demand and a new online tool is set to simplify productivity metrics and benchmark against other projects to cut costs and spur workforce development.
Bulk material costs for Gulf Coast construction projects rose by almost 4% in 2016 as tightening global steel and U.S. labor markets continue to pressure prices, industry experts said.
