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Global Processing

Global Processing May 2014

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May 2014

Oil refinery - photo credit: anek_s/iStockphoto/Thinkstock

PetroChina, Asia Trans Gas expand their use of sophisticated software

Proven value leads to expanded use of process-modeling, collaboration-supporting and knowledge-based solutions
May 1, 2014
China is the world’s largest consumer of energy, second largest of crude oil, according to the U.S. Energy Information Administration. Analysts say China will be the world’s largest crude oil importer within a year.
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Mixed oil-sector investment picture in Asia

China and Malaysia among countries whose companies are adjusting approach
May 1, 2014
When making investment decisions, Asian oil and gas companies must weigh the region’s continuing industrial growth against North America’s potential to supply inexpensive petroleum products based on abundantly exploited shale gas reserves.
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Pharmaceutical sector roiled

Sanofi looks to shed multi-billion portfolio, Pfizer proposes $106 billion takeover to AstraZeneca
May 1, 2014
Based on patent expiries and for other reasons, the global pharmaceutical industry is going through a process of consolidation, impacting European suppliers.
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Need for water great, spending huge

Middle East, Latin America and the United States commit varying resources to infrastructure spending
May 1, 2014
McKinsey Global Institute estimates that the world needs to spend as much as $2.7 billion a year to upgrade global infrastructure and support growing population.
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The case for crude oil exports

Shale ramifications slice a swath across upstream services, gas processing, petrochemicals and numerous points in between
May 1, 2014
Crude oil exports would be beneficial to the United States is the near-unanimous verdict of 30 economists in a recent Associated Press poll.
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