Crude oil
HP Innovations
Ingersoll Rand debuted its TURBO-AIR NX 8000 integrally geared centrifugal compressor at the Turbomachinery & Pump Symposia show in Houston, Texas in September.
Chevron lifts downstream results as margins rise
Downstream earnings in the third quarter improved in both the US and internationally for Chevron, with overall profit from refining oil into fuels jumping 59% to $2.2 billion.
Chevron extends job cuts to trading desks
Chevron will cut staff on its global energy trading desks, making it the latest unit to face reductions as part of a $3 billion cost-saving plan brought on by weak crude oil markets.
Improve refinery margins with new crude selection concept
A refinery with an active crude selection strategy encompassing dedicated staff, preapproval of all new crudes and an updated crude acceptance window can gain $0.5/bbl–$1/bbl vs. a more passive strategy.
Managing the recovery from the Jaipur oil terminal fire
In October 2009, a devastating fire at the oil terminal in Jaipur, India, killed 11 people, injured many more and incurred a significant financial loss.
HP Industry Metrics
High US refinery utilization rates have continued, encouraged by strong gasoline demand amid lower crude prices.
Varied solutions to the challenges of sulfur management
As governments impose progressively stringent limits on the sulfur content of fuels, the refining industry and the hydrocarbon processing industry (HPI) are increasing their focus on sulfur removal to maximize profits from sulfur-rich oil and gas resources.
South Africa eyes new refinery to process Iran’s oil
Plans for the new refinery are being conceptualized, according to Tseliso Maqubela, the deputy director general for petroleum and petroleum products regulation at the nation's energy ministry.
ExxonMobil to build Singapore synthetic lube plant
When completed in the second half of 2017, the new ExxonMobil facility will be the only plant in the Asia-Pacific region producing Mobil 1, the world’s leading synthetic motor oil.
API: New EIA report shows US crude oil exports could lower fuel costs
“The EIA report provides a final, non-partisan confirmation that ‘70s-era trade restrictions on US oil are bad for American consumers,” said Kyle Isakower, the API's vice president of regulatory and economic policy.
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