Refining
Hess plans to exit all downstream business
In a latter to investors, Hess said it is further focusing its exploration and production (E&P) portfolio by divesting Indonesia and Thailand assets, looking to generate money from its Bakken midstream assets -- which is expected to be completed in 2015 -- and fully exiting the downstream businesses.
US says Keystone XL environmental review fails to reach firm conclusions
In one possible favorable sign for project supporters, the draft assessment said that building the pipeline would not "significantly" impact the further development of Canada's tar sands or US demands for heavy oil. The Obama administration likely will not make a final decision on the pipeline until this summer.
Lukoil sells Odessa refinery in Ukraine to Vetek
The refinery, with a capacity of 3.9 million tpy, has been idle since the end of 2010. The decision to sell is part of a plan by Lukoil -- Russia's No. 2 crude oil producer -- to restructure its international refining assets, the company said. The deal is expected to be closed before June 1, after both sides fulfill conditions.
Monitor and minimize corrosion in high-TAN crude processing
In addition to inhibitor dosing, intensive corrosion monitoring and analytical tests play a major role in equipment and piping health monitoring and in analyzing stream properties online.
Process safety management: Going beyond functional safety
Operating companies are increasing efforts to reduce the risk of catastrophic events such as the release of toxic, reactive or explosive chemicals that can damage the environment or plant assets.
Improve benzene control
The US Environmental Protection Agency (EPA) issued the Mobile Source Toxics (MSAT) Rule on February 26, 2007 (40 CFR Parts 59, 80, 85 and 86). This rule required refiners to reduce the average benzen..
HP Boxscore Construction Analysis: Saudi Arabia’s plan for near-zero-sulfur fuels
To comply with mandatory sulfur specifications for gasoline and diesel from 2013 to 2016, Saudi Arabia is spending billions of dollars to construct multiple clean-fuel projects.
HP Viewpoint: Refiners have a new learning curve with shale oil
We’ve all heard the news reports: “Shale resource developments have the potential to make the US energy independent for the first time since 1952.” The long-term impact of shale resourc..
HP Brief: Brief
Galveston Bay refineryMarathon Petroleum has closed its transaction with BP to purchase several assets, including the 451,000-bpd refinery located in Texas City, Texas. The refinery will be renamed an..
HP Industry Perspectives: EU leans forward on clean-fuel strategies
In late January 2013, the European Commission (EC) announced ambitious measures to ensure the buildup and standardization of alternative fueling stations across Europe. Much of the earlier EC policy i..
- CTCI awarded $417-MM EPC contract to build ethylene storage in Qatar 11/15
- Russian refineries cut oil runs due to losses, closures loom 11/15
- Spain's Moeve swings to quarterly loss on weak refining margins 11/15
- Asia naphtha supply expected to remain tight over next two years 11/15
- Countries, companies lag in response to tackle methane emissions, U.N. says 11/15
- U.S. energy draws up a wish list for new Trump administration 11/15
