Operations & Maintenance.

Shell sees its future with fewer, more integrated refineries yielding renewable fuels, hydrogen

Nov 18, 2020

Royal Dutch Shell, hit by a $17.7 billion loss in the first nine-months of 2020 as Covid-19 slashed demand, will downsize to six refining-chemical integrated “parks” as part of a transition to lower carbon emission products.

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.