Energy, chemicals industry to play key role in Singapore’s growth

The energy and chemicals industry will continue to play an important role in Singapore’s future growth, said Prime Minister Lee Hsien Loong.

Honeywell Alarm Management reaches milestone, making 100 oil-and-gas operations safer

Honeywell Process Solutions announced today that its DynAMo alarm management technology is improving safety and productivity at more than 100 process plants and pipelines around the world by helping operators better and more quickly evaluate alarm situations in control rooms.

Japan to help Myanmar build oil supply network

Japan is to help Myanmar build oil refineries and a distribution network for petroleum products. It will conduct business viability studies by the end of the current fiscal year through JX Nippon Oil & Energy and Nomura Research Institute.

Project Updates: Thai PTT to double Philippines gas stations in 5 years

The Philippine unit of Thailand’s PTT is planning to expand its operation in the next five years since Manila is considered an important market for the company’s regional operations.

Eastern Petroleum eyes 700 EC Gas outlets across Philippines

Eastern Petroleum is eyeing to open 700 retail outlets next year for its liquefied petroleum gas (LPG) brand, EC Gas. The company is setting aside $8 million for the additional cylinders and refilling stations nationwide.

IHS: market for security and fire equipment and services to be $1B+ in oil&gas industry

It’s no secret that the security and fire industry is home to hundreds of suppliers, each competing for a slice of a global $100+ billion market. In niche industries such as oil and gas, where IHS sizes the market for security and fire equipment and services to be more than $1 billion, increased competition has prompted some suppliers to move beyond the integration of security equipment for critical assets, and adopt a business continuity approach.

Many oil and gas companies utilize independent systems for incident management, crisis management and security. This has presented an opportunity for integrators that are attempting to bring each of these systems under one comprehensive product that can operate in an integrated fashion. The challenge for integrators will be the method in which information is displayed. In most instances, there has been data overload, with operators seeing too much information at any one time. With an integrated approach, the idea is not to broadcast every piece of information to every worker, but rather, the right information to the right people.

Regulatory requirements, environmental impacts and risk assessments remain significant challenges for oil and gas operators and will continue to drive the market toward a more integrated approach to security.  

(IHS)

Turkey, Japan sign $1.7B gas-to-liquids project with Turkmenistan

 

Turkmenistan, holder of the world’s fourth-largest natural gas reserves, signed a $1.7 billion deal with a Turkish-Japanese consortium on Tuesday to build a gas-to-liquids plant as part of its strategy to maximize revenues from its gas riches.

“This is the first gas processing facility in the world which will employ a high-end technology to process natural gas into gasoline,” Turkmen President Kurbanguly Berdymukhamedov.

The project will be implemented by Japan’s Kawasaki Heavy Industries and Turkey’s Ronesans Endustri Tesisleri. “It will produce here annually 600,000 tonnes of gasoline with octane rating of 92. The cost of the project is estimated at $1.7 billion,” Berdymukhamedov said

The plant will process annually 1.785 billion cubic meters of natural gas, Berdymukhamedov said.