Global HPI spending to reach nearly $440 B in 2020

HOUSTON (November 8, 2019)—Global spending in the hydrocarbon processing industry (HPI) is forecast to reach nearly $440 B in 2020, according to the editors of Hydrocarbon Processing, the downstream processing industry’s leading technical publication.

The HPI’s forecast was among one of the highlights of Hydrocarbon Processing’s 46th annual Forecast Breakfast. This event featured presentations on global and regional trends, regulations and initiatives that will shape spending in 2020 and beyond.

The event also marked the release of Hydrocarbon Processing’s HPI Market Data 2020, a 120-pg report that details the many factors that are shaping spending in each sector of the midstream and downstream industries, as well as a robust analysis on capital spending by every region and country around the world.

HPI Market Data 2020 is the HPI’s most trusted forecast of capital, maintenance and operating expenditures.

ABOUT GULF ENERGY INFORMATION 

For more than 100 years, Gulf Energy Information has been the leading provider of business and technical knowledge for the global oil and gas industry. Since its formation in 1916, the company has evolved from a single publication—The Oil Weekly, which was dedicated to upstream activity in the Gulf Coast area of the United States—to a diversified media and market intelligence company. Gulf produces the oil and gas industry’s leading publications: World OilHydrocarbon ProcessingGas Processing & LNGPetroleum EconomistPipeline & Gas Journal. In addition, Gulf also produces datasets containing in depth project and facility data. 

MEDIA CONTACT 

Catherine Watkins, Publisher

Hydrocarbon Processing 

Catherine.Watkins@HydrocarbonProcessing.com 

+1 (713) 520-4421 

Related Articles

Global refiners raise cleaner shipping fuel output ahead of IMO 2020

Global oil refiners have upgraded processing units and adjusted operations to raise output of low-sulfur residual fuels and marine gasoil (MGO) to prepare for stricter shipping fuel standards that kick in on Jan. 1, 2020.

European oil refining margins turn negative, fall to six-year low

Northwest European oil refining margins turned negative, falling to around -$0.49 a barrel, Reuters calculations showed.

Gulf Energy Information survey shows Shell, Schlumberger as leaders in Sustainability

In my second weekly blog on Sustainability in Oil and Gas, we return to a recent survey, in which Gulf Energy Information asked readers in the upstream, midstream and downstream to name their perceived leaders in Sustainability among operating companies and equipment/service companies.

ABB to digitalize SABIC chemical plant

ABB has won a project to install its renowned extended automation system at a greenfield pilot plant for SABIC in Jubail, Saudi Arabia, supporting SABIC’s broader vision to digitalize its operations.