Crude oil
Industry Metrics
US markets weakened despite positive performance at the middle of the barrel due to considerable gasoil and jet/kero inventory drawdowns.
Octane upgrading technology to boost value of light paraffinic feeds
In November 2017, US crude oil production eclipsed the 10-MMbpd mark, setting the highest production record in history.
Details on high-impact refining and petrochemical projects presently under construction, as chosen by HP editors and readers
The global hydrocarbon processing industry (HPI) continues to expand and modernize to efficiently meet growing demand for energy, transportation fuels and petrochemicals.
Viewpoint: The opportunity for greater growth and value—Considerations for crude-to-chemicals projects
Industry players are focused on upgrading to higher-growth, higher-value chemical products.
Africa: Troubled Nigerian refineries hamper petrochemicals growth
Nigeria’s petroleum industry has had its fair share of upheavals, ranging from insecurity that hampers upstream operations to low global oil prices that constrain midstream and downstream investments.
Advanced biological treatment removes benzene, phenol from refinery wastewater
Historically, US regulators have not required benzene and phenol monitoring for wastewater from oil refining, petrochemical processing, coking or coal gasification operations.
Process design consideration for a deep-cut vacuum distillation unit—Part 2
Recently, many US refineries have been reconfigured to process heavy opportunistic sour crudes.
Conceptualizing a mega-integrated refinery and petrochemical complex: A case study
<i>Integration</i> is the new keyword for sustainability and profit in today’s oil and gas market scenario.
India cuts fuel tax, refinery prices to ease pain of rising crude
India is cutting prices of petrol and diesel by 2.50 rupees ($0.03) a liter, Finance Minister Arun Jaitley said on Thursday, the government’s latest step to tackle the impact of a sharp rise in crude oil prices and a weak local currency.
Risk: Measuring margins—Avoiding complacency when the market is stable
When top oil marketer Geneva Energy Markets LLC liquidated its trading book holding<sup>1</sup> “millions of barrels of open interest across crude oil, refined products and natural gas,” managing partner Mark Vonderheide emphasized the pressures and potential damage of new market regulations.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
