Economics
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.
Parkland completes acquisition of Chevron Canada’s downstream fuel business
CALGARY, Alberta — Parkland Fuel Corporation, Canada’s largest and one of North America’s fastest growing independent marketers of fuel and petroleum products, announced the closing of its acquisition of Chevron Canada R & M ULC which operates a downstream fuel business in British Columbia and Alberta.
Noble Group expects to sell oil liquids business by end-December
SINGAPORE (Reuters) — Noble Group Ltd (NGL) expects to sell its oil liquids business by the end of December as part of a plan to slim down drastically and focus on its core Asian coal trading business after a crisis-wracked 2 yr.
Show Preview: ADIPEC
The 20th edition of Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) will take place 13–16 November at the Abu Dhabi National Exhibition Centre.
Business Trends: Smart refineries—Leveraging data for operational intelligence
In the highly competitive, capital- and asset-intensive oil and gas industry, demand is growing for the implementation of information technology (IT) practices covering the following functional requirements.
Industry Perspectives: What is the future of the global HPI?
Over the past year, the world has witnessed significant downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI).
Engineering Case Histories: Case 98—Why performing calculations is important to an engineer’s career
Engineering calculations can help an engineer’s career by controlling the risks taken. The author has followed this path.
Automation Strategies: Expanding scope of automation events and alerts
Detecting, reporting and responding to abnormal situations or events are important functional elements of a complete process automation strategy.
Reliability: Technology transfer training is most effective for small groups
Training can take many different forms.
- AVTL to develop ammonia terminal in Pipavav, India 6/20
- Chevron seeks buyers for 50% stake in Singapore refinery 6/20
- Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict 6/20
- Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade 6/20
- Italy's Eni eyes new unit to manage oil refineries 6/20
- Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future 6/20
