petrochemical

Project owners review hiring plans to tap Gulf Coast labor pool

May 19, 2016

Investing in customized training programs for new hires and rethinking the company culture are helping petrochemical project owners in Texas and Louisiana retain valuable employees amid a shortage of qualified construction and permanent operational staff,...

Texas, Louisiana petchems hires to peak in 2016-2018

May 5, 2016

The demand for skilled labor in the Texas and Louisiana chemicals industry over the next five years may have recently hit its peak in Q1 2016, at around 82,000 workers, Brent Sexton, director Customer Relations at the Construction Labor Market Analyzer (CLMA...

Bechtel uses tech and business tools to offset impact of tight skills market

Apr 21, 2016

Business and technological innovations such as setting up specialty welding companies and a new mobile field-supervision software platform are helping Bechtel offset the impact of the tight skills market, and better train and retain its existing workforce,...

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.

US ethane output to rise 27% by 2017; olefins turnarounds to peak in April

Apr 6, 2016

Petrochemicals news you need to know.

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...

US chemicals capex to rise over 7% a year in 2016-2018

Mar 11, 2016

Capital spending in the US chemical industry surged 18.4% in 2015 to $42.6 billion and is expected to increase by more than 7% a year on average through 2018, according to Kevin Swift, chief economist and managing director of the American Chemistry Council (...

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-...

Plant builders use new methods to control schedule, boost FEED

Feb 26, 2016

Petrochemical and refining owners can significantly improve their front-end engineering and design (FEED) packages if they complement the standard consultant project evaluations with their own in-house project performance criteria, according to Taylor Auburg...

Oil price to stay low in 2016; Kuwait plans more petchems spending

Jan 31, 2016

Petrochemicals news you need to know.

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