Crude oil
ExxonMobil's natural gas emphasis may hurt small US producers
ExxonMobil’s decision to leave US natural gas output untouched despite low commodity prices may push smaller producers out of the business, force industry consolidation and make Exxon an even more powerful force. The company said drilling for natural gas in some areas is still profitable, even at current prices.
Shell looking at ways to improve US gas profits
The company says it may seek land for potential liquefaction and export terminals. After heavy investment in US shale assets, low gas prices are driving up project costs.
Brazil sets domestic record for crude, natural gas production in 2011
Brazil set a record for crude oil and natural gas production in 2011 as ongoing tests at recently discovered oil fields continue to boost the country's output. Average daily output was 2.52 million BOE in 2011, up from 2.45 million BOE per day in 2010, according to the ANP.
Debottleneck crude-unit preheat exchanger network inefficiencies
Simulation models can be effectively used to optimize heat transfer and boost operational performance
HP Insight: Government, environment and taxes, oh my!
In this issue of HPInsight, the global hydrocarbon processing industry (HPI) still battles some very familiar and present day challenges, such as economic cycles, feedstock spikes, government over reg..
HP Construction: North America
Sundrop Fuels, Inc., plans to construct and operate its first production facility on about 1,200 acres of land that it has purchased near Alexandria, Louisiana. The inaugural plant will use sustainabl..
HP Construction: Europe
Lummus Technology, a CB&I company, has been awarded a contract by CJSC Vostochnaya Neftechimicheskaya (VNHK), a subsidiary of OJSC Rosneft, for the license and basic engineering of a naphtha steam-cra..
HP Construction: Asia-Pacific
The Linde Group is set to build and operate a new hydrogen plant in the Jilin Chemical Industrial Park (JCIP) in northeast China. The company will be investing around €42 million in the first pha..
Argentina to push oil companies to invest more
Governors from Argentina's top 10 oil-producing provinces will meet next week in a bid to push oil and gas companies to increase oil and gas output. In a speech last week, Argentine President Cristina Kirchner bashed the industry for declining output and called on oil companies to boost production.
ExxonMobil licenses technology on oil sands steam injection to Baker Hughes
ExxonMobil has awarded the first license for its patented steam injection system and production method to Baker Hughes to improve the efficiency of in-situ oil sands projects. The technology provides more effective regulation and distribution of steam in long horizontal wells.
- SIBUR produces test batch of first hexane plant in Russia 8/28
- Universal Fuel Technologies’ SAF accepted into ASTM Clearinghouse for qualification 8/28
- Honeywell technology to fuel Syzygy Plasmonics' SAF project 8/28
- Sinopec wins engineering contract for Saudi Arabian green hydrogen/ammonia project 8/28
- Russia's idle oil refining capacity record high after Ukrainian drone attacks 8/28
- Brazil approves temporary antidumping measures against Canadian, U.S. polyethylene resins 8/28
