Crude oil
HP Impact: Fossil fuels dominate global primary energy consumption
Oil, natural gas and coal accounted for 87% of global primary energy consumption in 2012, according to a new Worldwatch Institute study. The relative weight of these energy sources keeps shifting, alt..
HP Impact: Bipartisan fuel policy recommendations for US Congress
A bipartisan group called the US Energy Security Council, comprising former military, business and political leaders, has issued policy recommendations for the US Congress as it grapples with fuel-rel..
HP Forecast: HPI Market Data 2014 Executive Summary
This summary provides a "sneak peek" at Hydrocarbon Processing's HPI Market Data 2014. This comprehensive report investigates present and projected future trends in refining, natural gas and petrochemical industries. Topics include spending forecasts and construction projects derived from HP's Construction Boxscore database; global and regional changes in energy production and use; and developments in oil and natural gas processing. HPI Market Data 2014 also covers trends in economics, plant safety and the environment. This annual report is the hydrocarbon processing industry's premier source of market information for professionals working in the downstream.
HP Innovations
Software combines crude management with designInvensys released its integrated Spiral CrudeSuite crude oil knowledge-management software (Fig. 1) with its SimSci PRO/II design and ROMeo optimization s..
API economist touts low US energy costs, calls for reduced regulations
API chief economist John Felmy told reporters during a Friday press conference that while US energy costs are down, more can be done from the nation, policy-wise, to help its domestic consumers.
Petrofac picks CB&I to build oil storage tanks for grassroots Saudi refinery
The project scope for the $70 million contract includes the engineering, procurement and construction of crude oil storage tanks at a grassroots refinery being constructed in Saudi Arabia.
Calumet expands crude logistics network to supply South Texas refinery
As a result of this agreement, Calumet expects to significantly reduce its costs to transport crude oil to the San Antonio refinery, where it currently receives crude oil deliveries by truck. Over time, Calumet expects to increase the volume of crude oil shipped on the KNPS above 10,000 bpd.
HP Industry Perspectives: Is it too early to be optimistic for 2014?
The increased availability of natural gas supplies are redefining energy conditions. New natural gas reserves are shifting the order for producing nations. Shale gas reserves, once difficult to extrac..
HP Brief
LNG terminal to be built in Uruguay GDF Suez has signed a 15-year contract with Gas Sayago for LNG storage and regasification services in Uruguay. Commercial operation of the new terminal is expected ..
US oil, gas M&A activity led by foreign buyers, private equity groups
Foreign buyers announced nine deals in the third quarter of 2013, which contributed $2.8 billion or 17% of total deal value, vs. four deals valued at $4 billion during the same period last year. On a sequential basis from the second quarter, the number of total deals increased 800% from just one foreign deal.
- Liquid Sun launches eSAF production pilot with ABB, Finnair, Fortum and Finavia 8/25
- Novatek to reduce naphtha exports due to fire at Ust-Luga complex 8/25
- China's Sinochem to sell two bankrupt refineries to local operators 8/25
- Iraq raises refining capacity to 1.3 MMbpd 8/25
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
