ParaxyleneMiddle East

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Mission decommission: The North Sea May 2016

Mission decommission: The North Sea

We expect at least 140 fields to cease production over the next 5 years, with a total of £55 billion (real terms) to be spent on decommissioning the UK Continental Shelf.  With as many as 50 fields forecast to cease in 2016 alone, will new investment materialise or will the North Sea enter a new phase?

Paraxylene margin improvements give way to cost pressure May 2016

Paraxylene margin improvements give way to cost pressure

Global paraxylene producers remain concerned over the prospect of slower growth and uncertain feedstock costs and availability, particularly inside China. The purified terephthalic acid (PTA) industry has reached a steady state with Asian production rates being trimmed to match seasonal demand.

Margin improvements have been seen but looking ahead the real pressures on where to place Asian PTA surpluses are now unfolding.