Hydrocarbon Asia

Petromin Hydrocarbon Asia Jan-March issue 2018

Reports

EIA Short-term Energy Outlook (STEO) 
The following is the March 2018 installment of the monthly forecast provided by the U.S. Energy Information Administration.

IEA March Oil Market Report Con
This market report sheds light on the crude demand, prices, and movements, forecasting upcoming developments.

Oil & Gas Investment to Revive as Confidence Surges
There seems to be light at the end of the tunnel as the industry takes the first few tentative steps out of the oil price malaise, the journey is far from over but at least we are on the road to recovery.

Asia-Pacific 2018 Maintenance Plans Now Emerging
After a quiet end to 2017, maintenance is very much in the mix of things in the downstream sector in 2018.

Aiming to be a Hub
The Malaysian government’s strategic push in the last few years to be a key player in the downstream sector is starting to bear fruition as the country is touted to become an oil refining and storage hub.

Gas in the Crosshairs
Malaysia was the world’s third-largest exporter of liquefied natural gas (LNG) after Qatar and Australia in 2016. The country’s growing domestic demand and regional gas imbalances in the past few years prompted the country to open its first regasification terminal as another supply source.

The Downstream Grapevine

Technology

Automation a Vital Safety Cog
Present-day safety systems are highly reliant on process integration and process automation. This article gives a brief breakdown of the systems and highlights examples of where the systems are implemented.

Safety Instrumented Systems
The safety conditions should be always followed and adopted by plants and the best operating and installation practices are a duty of employers and employees. It is important to remember that the first concept regarding the safety law is to ensure that all systems are installed and operated in a safe way and the second one is that instruments and alarms involved with safety are operated with reliability and efficiency.

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