Operations & Maintenance.

Braskem, Mexico hold talks on ethane as bribing probes take center stage

Aug 18, 2020

Pemex’s ethane output plunged since Braskem-Idesa started operations, slashing ethane deliveries and accumulating contractual fines that Braskem wants to collect. However, contract scrutiny intensified after the July 2020 extradition of a former Pemex CEO,...

Covid-19 impact to hike turnaround contractor costs in 2021, 2022

Aug 4, 2020

Availability became plentiful immediately after the pandemic hit in 2020 due to multiple turnaround and construction postponement turning the contractor business into a buyer’s market. Yet the delays may lead to a bottleneck into the coming years.

ICIS buys CDI, increases workforce by 15% as others cautious ahead of complex 2021

Jul 21, 2020

ICIS moves contrast with cautiousness at S&P Global Inc., owner of Platts, another provider of energy and petrochemical price assessments. Platts froze hiring on concern 2021 would test the financial health of subscribers. The acquisition is the latest...

Tight margins to speed up need for digitalization after Covid-19 proved value

Jun 22, 2020

The need for savings to face shrinking margins should speed up digitalization efforts by oil and petrochemical companies after Covid-19 helped prove the value of past investment.

Alberta’s economic recovery plan to promote petrochemicals

Jun 9, 2020

Alberta is already home to Canada’s largest petrochemical manufacturing industry. Petrochemicals make up a C$16 billion industry in Alberta that directly or indirectly employs over 30,000 people, according to the province's Ministry of Natural Gas and...

American plants running at reduced rates in second quarter

May 26, 2020

The running rates reduction comes amid a sharp decline in resin prices like polyethylene (PE). Experts believe the ongoing weakness may linger for an undetermined period.

U.S. ethane-based petrochemical plants challenged by low crude prices

May 12, 2020

The Covid-19 pandemic turned the table for U.S. petrochemical companies that saw cost advantages erode for their ethane crackers in relation to those that use naphtha as feedstock.

Petrochemical companies work to overcome imbalances caused by Covid-19

Apr 21, 2020

Before Covid-19 petrochemical plants could depend on co-production of multiple chemical intermediates with predictable demand for each but producers now struggle to find new balances, executives participating on a Petrochemical Update webinar on April 16,...

New online Insight Hub revealed to increase intelligence resources for downstream decision makers

Apr 15, 2020

Following their acquisition by Thomson Reuters in October 2019, Petrochemical Update, the team behind the world’s leading downstream event, are making their incredible insights and analysis collections available for free in a new industry intelligence hub

Chemical companies preserve cash and cut exposure amid uncertainty

Apr 7, 2020

Companies in Canada, Latin America, and the United States opted for risk-reduction decisions as the timeline for resolving the Covid-19 crisis appeared indefinite.