Americas
HUG ’17: Honeywell connects processes, assets and people
SAN ANTONIO, Texas — Honeywell Process Solutions (HPS) presented in depth their “Connected Plant” strategy and offerings during the second day of the Honeywell Users Group Meeting 2017. Key to differentiating this solution suite is how their branding covers three domains: Connected Process … Connected Assets … Connected People.”
Oil headed for weakest first-half performance in two decades
LONDON (Reuters) — Oil was mostly flat on Wednesday, after paring earlier losses, but was set for its biggest price drop in the first half of the year since 1997, a sign that investors are discounting evidence that major producers are sticking to a deal to cut output.
Deployment of digital infrastructure in chemical plants transforms industry
SANTA CLARA, Calif. — The manufacturing approach in the chemicals industry is rapidly changing to meet increasing demand for customized and specialty products over commodity chemicals.
Honeywell introduces real-time SCADA as a secure and scalable service
SAN ANTONIO, Texas — Honeywell Process Solutions (HPS) announced the launch of Experion Elevate, a real-time process supervisory control and data acquisition (SCADA) solution delivered as a secure and scalable service.
EIA: Growing octane needs widen price difference between premium, regular gasoline
The difference between US average retail prices for premium and regular gasoline reached 50 cents/gal in late 2016, and it has remained near that level so far in 2017. This price difference, or spread, has been generally increasing since 2000. Many factors on both the supply and demand sides are influencing this trend.
Report: Oil firms could waste trillions if climate targets reached
LONDON (Reuters) — Energy giants including ExxonMobil and Royal Dutch Shell risk wasting more than a third of their budgets on projects that will not be needed if climate targets are to be met, a thinktank report shows.
ExxonMobil, Synthetic Genomics report breakthrough in algae biofuel research
IRVING, Texas & LA JOLLA, Calif — ExxonMobil and Synthetic Genomics Inc. announced a breakthrough in joint research into advanced biofuels involving the modification of an algae strain that more than doubled its oil content without significantly inhibiting the strain’s growth.
Kirby signs agreement to purchase inland tank barges, towboats
HOUSTON — Kirby Corporation announced the signing of an agreement to purchase certain inland marine assets from an undisclosed competitor for $68 MM.
EIA: US refineries are running at record-high levels
Gross inputs to US petroleum refineries, also referred to as refinery runs, averaged a record high 17.7 MMbpd for the week ending May 26, before dropping slightly to 17.5 MMbpd for the week ending June 2 and 17.6 MMbpd for the week ending June 9. Product supplied to the US market as well as inventories and exports are also at relatively high levels.
Oil prices hit seven-month lows on global oversupply
LONDON (Reuters) — Oil prices fell to seven-month lows on Tuesday after news of increases in supply by several key producers, a trend which has undermined attempts by OPEC and other producers to support the market through reduced output.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
