Economics
Hybrid technique for electroslag strip cladding of critical process equipment
One of the major challenges in the oil and gas processing industry is to strike a balance among handling the changing qualities of petroleum products and byproducts, increasing the productivity and service life of critical components and reducing environmental hazards. As an example, new refineries are moving to applying conversion methods, such as hydrocracking, to increase yields, while also utilizing conventional distillation. This juxtaposition translates into a higher Nelson Index rating. Greater refinery complexity makes processing low-quality crude oil difficult, if not impossible, thereby precluding bottom-of-the-barrel products.
Driving innovation in the downstream: IRPC returns to New Delhi
Gulf Publishing Company and Hydrocarbon Processing are pleased to announce that IRPC 2017 will be held April 18–20 in New Delhi.
Viewpoint: Three ways to protect the future of your workforce
With job cuts numbering in the hundreds of thousands, the oil and gas industry has been hard-hit by the massive drop in prices. While no immediate end to the crisis is in sight, there are signs that prices—and hiring—may pick up again later this year.
Engineering Case Histories: Case 95—How to avoid becoming overwhelmed in a failure situation
When you are involved with a major failure and find yourself staring at pieces of debris scattered all over the area, it can be easy to become overwhelmed.
BP announces growth plans for the next five years at presentation
LONDON -- During a presentation in London, BP updated the financial community on details of its strategy and, in particular, medium-term plans for the next five years, based on oil prices similar to where they are today.
EIA: US export to Mexico value more than twice import value in 2016
Energy trade between Mexico and the United States has historically been driven by Mexico’s sales of crude oil to the United States and by US net exports of refined petroleum products to Mexico. Through 2014, Mexico’s exports of crude oil to the United States were the most valuable component of bilateral energy trade, with the overall value of Mexico’s US crude oil sales far exceeding the value of US net sales of petroleum products, primarily gasoline and diesel fuel, to Mexico. From 2006 through 2010, for example, the value of US energy imports from Mexico were two to three times greater than the value of US energy exports to Mexico.
IEA: The changing landscape of energy investment
As the global energy sector undergoes deep transformations, investment decisions are more important than ever. They play a critical role for energy security and environmental sustainability and will shape the energy landscape for years to come.
Business Trends: Anticipated market and pricing impacts from new marine fuel regulations
In October 2016, the International Maritime Organization (IMO) announced that it will implement a new regulation that calls for the sulfur content in marine fuels to be reduced from 3.5% to 0.5%. The new regulation will go into effect in January 2020. This action by the IMO will have a profound impact on the maritime and refining industries worldwide, as well as on the environment. This month’s Business Trends section provides an overview on the anticipated impacts of the IMO’s decision on petroleum product markets.
Global: Is India ready for the BS-6 changeover?
India is the seventh-largest country in the world by land mass. Urbanization is taking place at a rapid pace: According to the country’s 2011 census, more than 377 MM Indians live in nearly 8,000 towns and cities. This count represents more than 31% of the country’s total population.
Refining: Europe’s refineries: Walking dead or happy valley?
Unloved and increasingly unneeded, Europe’s oil refining sector has been under duress for an astonishing four decades.
- ClassNK releases report ‘ClassNK Alternative Fuels Insight (Version 3.0): Providing new information on cost simulations reflecting approval at MEPC 83 5/22
- trinamiX and BASF showcase new technologies for polyamide 6 recycling: An approach to circularity in the textile industry 5/22
- ADNOC’s suppliers commit to invest AED3 billion in manufacturing facilities across UAE 5/22
- Industrial AI: A game-changer in fast-tracking digital transformation in the energy sector 5/22
- 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
