Economics
Risk mitigation procedure following criticality assessment and FMEA
In asset performance management (APM), criticality assessment and failure mode and effects analysis (FMEA) are powerful tools that enable the identification of opportunities to minimize asset lifecycle costs during the development of equipment strategies.
Industry Perspectives
This month, <i>Hydrocarbon Processing</i> will be hosting two events—one to showcase the latest in processing technologies in the refining and petrochemicals markets, and the other to provide an update on the latest trends, initiatives and capital project investments in the global hydrocarbon processing industry (HPI).
Separating from the competition: Recovering profits after the pandemic
As recovery from the COVID-19 pandemic begins, so will a return to normal life.
Quantum leap in chemical plant safety and reliability through mobile technology
The human factor has played a significant role in chemical plant accidents and production loss incidents over the past 60 yr.
Executive Viewpoint: It was the best of times
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness…”. Fortunately, this opening line from A Tale of Two Cities does not often present itself as an appropriate analogy to the oil and gas industry. Yet, here we are.
Business Trends: The economics of reliability—An interim report on the global refining industry
What is reliability? Most people think reliability is simply a measure of failure, or lack of failure. If something runs for a longer period without failing, then it is more reliable than something that runs for less time. However, reliability is a measure of how often something performs when you want it to.
Industry Perspectives: Will capital investments increase in 2021 and beyond?
Over the past several years, the world witnessed a significant increase in downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI). However, the COVID-19 pandemic caused a significant decline in demand for transportation fuels and certain petrochemical value chains.
Executive Viewpoint: Technology to drive decarbonization of the oil and gas industry
<i>Hydrocarbon Processing</i> (HP) was pleased to speak with Thorbjoern Fors (TF), EVP of Industrial Applications, Siemens Energy, to discuss the decarbonization of the oil and gas industry and the technologies that are helping companies meet their sustainability goals.
Industry Metrics
U.S. refinery margins extended their upward trend for the fifth consecutive month, exhibiting the largest upturn relative to other regions.
Digital: ROI is the secret sauce for sustainable digital transformation
Digital transformation is a broad term that can mean vastly different things to different people.
- Borouge reaffirms commitment to local manufacturing with new industry supply agreements 1/10
- Update: Turkey's Izmir refinery now expects to restart crude unit in Feb, IIR says 1/10
- Pertamina unit to produce ISCC-certified SAF in 1Q 1/10
- WTO panel largely backs EU in palm oil case against Indonesia 1/10
- Howard Energy Partners acquires ethylene pipeline from EPIC Midstream Holdings 1/10
- U.S. to impose further sanctions on Russian oil fleet and traders 1/10
