Refiner Phillips 66 said on Wednesday, it plans to reduce its employee headcount by 1,100 to help cut costs and meet its savings target of $500 MM by end-2022.
Equipment malfunction or an unplanned shutdown of a sulfur recovery unit (SRU) can have a significant effect on a production company’s profitability, along with an equally serious impact on personnel safety and the environment.
A proposed US refined product export ban would save US consumers at the gasoline pump but pose significant challenges and costs to US and global refining systems, according to a recent analysis from Wood Mackenzie.
ExxonMobil Corp agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc for $310 MM.
ExxonMobil Corp said in its reply to a U.S. National Labor Relations Board (NLRB) complaint that the lockout of over 600 workers at its Beaumont, Texas, refinery was lawful, according to a filing with the board.
Global shortages of middle distillates such as diesel, gas oil and heating oil are intensifying rather than easing – making it more likely a relatively severe slowdown in the business cycle will be necessary to rebalance the market.
Hydrocarbon Processing, the downstream processing sector’s leading technical publication for 100 yr, has announced the finalists for its sixth annual HP Awards, which celebrate innovative technologies and people that have been instrumental in improving facility operations over the past year.
The American Fuel & Petrochemical Manufacturers (AFPM) and American Petroleum Institute released the following statement after a meeting with leaders of the top U.S. refining companies.
Venkat, A.,
Zakeri, S.,
Disantis, J., Seeq;
Johnstone, A., Ithaca Energy;
Martin, J., allnex
Process manufacturers are investing significant resources in machine-learning (ML) to increase reliability, profitability and sustainability in their operations—saving millions of dollars in short periods of time through increased efficiency.
The global push to neutralize carbon-based GHG emissions by 2050 not only holds great promise for the future of the planet, but it also stands to create millions of jobs, spur rapid growth and drive technological innovation.