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

Australia's Woodside Petroleum signals higher output in 2020

Australia’s Woodside Petroleum posted a nearly 7% rise in fourth-quarter production and forecast higher output for fiscal 2020, as it steps up work on growth projects in a bid to triple its oil and gas reserves over a decade.

U.S. energy exports to climb as China pledges ramp-up in purchases

U.S. energy exports to China, mostly crude oil and natural gas, will climb as the world’s two largest economies struck a trade agreement after a more than year-long tariff war, executives and traders said.

Total postpones restart of Donges refinery unit due to strike

French energy major Total has postponed the restart of a distillation unit at its 220,000-barrel-per-day Donges refinery until Friday due to a nationwide strike over planned pensions reform, the company said.

Naphtha premiums remain high amid demand loss from cracker cuts

Asia will lose more than 300,000 tonnes of naphtha demand this month as petrochemical makers cut output to combat weak margins, but refinery maintenance is reducing supply of the plastics and chemicals building block, holding premiums steady.