Refining

Valves, Pumps and Turbomachinery: Achieving the right installation torque with a virtual calculation

Wegener, C., Rembe

Determining the required installation torque for a tight flange system is a daily challenge for industrial valve manufacturers and plant operators.

Environment and Safety: Gas flaring: Necessary, or a waste of resources and a source of greenhouse gases?

Rastogi, A., Fluor Daniel India Pvt. Ltd.

Flaring is the controlled burning of hydrocarbons at oil refineries, gas processing plants and petrochemical plants.

Business Trends: Non-OEM parts—Buyer beware

Boyle, B., Emerson

What is the harm in wearing a knock-off Rolex watch?

Industry Perspectives

Nichols, Lee, Hydrocarbon Processing Staff

In 1H 2022, new capital projects have declined 19% vs. 1H 2021.

EIA estimates show a decrease in global surplus crude oil production capacity in 2022

The EIA's new report, titled Global Surplus Crude Oil Production Capacity, provides estimates of global surplus crude oil production capacity in both OPEC countries and non-OPEC countries.

Exxon profit set to soar again; White House wants more oil

Wall Street analysts sharply increased their ExxonMobil Corp second-quarter profit estimates after the largest U.S. oil producer projected it could almost double its first-quarter earnings.

Oil from U.S. reserves sent overseas as gasoline prices stay high

More than 5 MM barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month.

China port group launches major pipeline in oil hub Shandong

China's Yantai Port Group started on Monday pumping oil into a newly expanded crude oil pipeline that connects the port of Yantai to a group of independent refineries in the country's refining hub Shandong.

India to drop windfall tax if oil prices fall $40 a barrel

India will only withdraw its windfall tax introduced last week for oil producers and refiners if global prices of crude fall as much as $40 a barrel from present levels.

Production at Venezuela's largest refinery hit by blackout

Production at Venezuela's largest refinery, which can process about 645,000 barrels of oil per day (bpd), was halted late on Saturday by an electrical fault that caused a blackout.