Refining
Project Management: Reduce installation schedule for column trays
The implementation of a project schedule must avoid slippage, which can lead to budget overruns and delays in commissioning and production. Conversely, a reduction in project schedule results in an early startup of the plant, creating advantage for stakeholders. Customers often demand reductions in schedule timelines, which can be difficult for engineering, procurement and construction (EPC) contractors to implement. New innovations like concurrent engineering, modular construction, prefabricated pipe racks and structures, etc., are already in practice.
Editorial Comment: Optimizing operations and recognizing achievements
Over the next two months, <ital>Hydrocarbon Processing</ital> will host two separate events for a global audience. One will gather the brightest minds in the industry to share the latest innovations and technologies in the industry, while the other will recognize the leaders in advancing the industry toward safer and more reliable, sustainable and profitable operations. Both events—<ital>Hydrocarbon Processing’s</ital> IRPC and the HP Awards—will be streamed on digital platforms and free to view.
Advanced analytics drive IIoT success
Refineries and petrochemical plants face similar challenges in daily operations. Each must mitigate risk, anticipate maintenance, optimize operations and minimize expenses. To achieve these goals, plant personnel rely heavily on data to drive decisions.
OT/IT integration for profit-driven operation
Operational technology/information technology integration is required for sharing information among all levels of manufacturing organizations to achieve profit-driven operation, which helps process industry companies implement real-time production performance improvements that are aligned from the management level to the plant floor.
Innovations
Sphera has released a new Interactive piping and instrumentation diagram (P&ID) solution that helps organizations break down silos between their operations, maintenance and engineering departments while simplifying isolation planning.
Project Management: Four tips for navigating a shutdown, turnaround or outage successfully
In the oil and gas sector, managing a shutdown, turnaround, or even an outage is an unavoidable requirement.
Business Trends: Managing risk and uncertainty: The importance of optimizing your value chain
No doubt exists that COVID-19 is disrupting the oil and gas industry. Oil prices are falling, demand is down, supply is up, and storage capacity is limited. In these difficult times, the industry must swiftly act to keep business viable to come back strong when conditions improve.
Executive Viewpoint: How to develop a successful asset management strategy during the coronavirus downturn
The coronavirus (COVID-19) has disrupted all sectors of the oil and gas industry, including asset management.
People
The Marathon Petroleum Corp. board of directors has elected John P. Surma to serve as non-executive Chairman.
Industry Metrics
Refinery margins in the U.S. Atlantic basin rebounded. Deeper refinery intake cuts, as well as the low feedstock price environment, helped offset unappealing demand-side signals.
- Ebara Elliott Energy awarded landmark order from Kawasaki Heavy Industries to advance global liquefied hydrogen supply chain 4/24
- Digital Exclusive: Early collaboration with vendors: Mitigating design risk and ensuring successful project execution 4/24
- Pacífico Mexinol celebrates groundbreaking of $3.3-B clean fuels complex 4/24
- Brazil to start tests for diesel blend containing 20% biofuel in May 4/24
- ATOME announces FID for $665-MM green hydrogen project in Paraguay 4/24
- U.S.: Trump grants 90-day Jones Act waiver extension to curb energy costs 4/24
