Economics
Operations: Maximizing the opportunity of discounted crudes
As the oil and gas industry adjusts to a business environment in which crude oil prices will likely remain lower for longer, refiners continue looking for ways to maximize their profitability.
Editorial Comment: Ingenuity out of necessity
One of the main focal points in this issue of Hydrocarbon Processing is the environment.
Demystify hazardous area classification and compliance assessments
As safety becomes increasingly paramount at hydrocarbon processing facilities, so too does the importance of addressing and clarifying the confusion associated with hazardous area classification (HAC) assessments and compliance auditing in Class 1 locations.
Andeavor Logistics completes acquisition of Western Refining Logistics
SAN ANTONIO, TEXAS — Andeavor Logistics LP and Andeavor announced that Andeavor Logistics has completed its acquisition of Western Refining Logistics, LP in a unit-for-unit transaction and assumption of $280 MM of net debt for a total enterprise value of approximately $1.7 B, based on Andeavor Logistics' closing unit price of $45.90 on Oct. 30.
Phillips 66 profit tops estimates on surge in refining margins
(Reuters) — Independent US refiner Phillips 66 on Friday posted a quarterly profit that handily beat analysts’ estimates, boosted by soaring refining margins in the aftermath of Hurricane Harvey.
Nigeria's gasoline price cap hurting industry, costing economy
LAGOS (Reuters) — Nigeria must remove its gasoline price cap to prevent shortages, enable investment and keep the government from using valuable resources to import fuel, delegates at the OTL Expo in Lagos said on Wednesday.
Russia reaches outline debt restructuring agreement with Venezuela
MOSCOW (Reuters) — Russia has reached a general agreement with Venezuela on restructuring its debt to Moscow, RIA news agency cited Russian Finance Minister Anton Siluanov as saying on Saturday.
Indian PM Modi targets more energy reforms after meeting oil chiefs
NEW DELHI (Reuters) — India's prime minister sees scope for further reform of the country's energy sector and has received "focused suggestions" from some of the world's leading energy companies, the office of the premier said on Monday.
EIA: US household gasoline spending expected to remain below $2,000 in 2017
The average US household expenditure on gasoline in 2017 is expected to total $1,977, or approximately 2.4% of mean incomes of households, according to projections in EIA’s most recent Short-Term Energy Outlook (STEO).
Vitol CEO sees oil industry shrinking
LONDON (Reuters) — The world’s largest oil trader Vitol expects the oil industry to shrink given the quickening pace of the global shift to electric cars and away from fossil fuels, its chief executive said on Thursday.
- U.S. says there are significant undiscovered oil and gas resources in Wyoming 5/21
- Bureau Veritas grants AiPs for IMODCO’s portfolio of jetty-less solutions for new energies transfers 5/21
- Saudi Arabia crude exports fall to 5.754 MMbpd in March 5/21
- Low diversity in critical mineral markets could hurt industry, IEA says 5/21
- India's Russian oil imports hit 10-month high on strong demand for ESPO crude 5/21
- Akselos tackles flange failures with breakthrough SPM module 5/21
