Economics
Engineering Case Histories: Case 94: Why mentors are important for industry
When I started working in industry 50 years ago, it was management’s job to have a senior engineer watch over my work. Much of the quality of my analytical work and technical discipline were formed early in my career with help from these engineers.
Reliability: Reliability and the EPC contractor
In this column, I have often elaborated on critical information related to reliability thinking. However, reliability thinking is continually subverted by approaches that concentrate excessively on project cost and completion.
Business Trends: India’s natural gas demand—a welcome sign for LNG exporters
India is emerging as the world’s new oil demand center. Complementing its thirst for crude oil, the country has the potential to become a hotbed for natural gas consumption over the next few years.
Key design considerations for vacuum process condensers
The crude oil refining and petrochemical industries make extensive use of condensers that operate under vacuum (i.e., below atmospheric pressure). Distillation is the most common process using these condensers, either as a process precondenser ahead of an ejector system, or as an intercondenser within an ejector system.
Shift to gas: A contribution on the path to sustainability
The COP21 event left the world with new mandates to develop and implement low-emissions energy sources to power the global economy. To limit global warming, the world must increase the use of resources like natural gas, which offers a quick, relatively clean and inexpensive interim step in the global transition from high-emissions resources to renewable energy sources.
Koch escalates tax reform battle with report on gasoline prices
WASHINGTON (Reuters) -- A Koch Industries-funded report warned on Friday US gasoline prices would rise if Congress passed a Republican proposal to adjust US corporate tax rates to favor exports over imports, escalating a lobbying battle over the measure.
Brazil's Braskem to pay $920 MM in leniency deal for corruption case
SAO PAULO (Reuters) -- Brazil's Braskem SA , the largest petrochemical producer in Latin America, signed a leniency deal on Wednesday with Brazilian prosecutors leading a sweeping corruption probe into political kickbacks at state-run oil company Petrobras, the company said in a securities filing.
Saudis order oil cuts to US, Europe before non-OPEC talks
VIENNA/SINGAPORE (Reuters) -- Saudi Arabia has told its US and European customers it will reduce oil deliveries from January as Russia signaled that a commitment from non-OPEC producers to join OPEC's output limits still faced challenges.
Oil extends gains on hopes for non-OPEC output cuts
TOKYO (Reuters) -- Oil prices extended gains for a second session running on Friday on optimism that non-OPEC producers would agree to cut output following a cartel agreement to limit production.
Organization urges Buffett's Berkshire to sell fossil fuel investments
(Reuters) -- A Nebraska nonprofit on Friday said it will propose that Warren Buffett's Berkshire Hathaway Inc. sell its investments in oil refiner Phillips 66 and other companies involved in fossil fuels over 12 years.
- Indonesia allocates 15.65 MM kiloliters of biodiesel for 2026 12/23
- Egypt, Qatar's Al Mana Holding sign $200-MM SAF deal 12/23
- China's teapots boost Russian ESPO buying amid record discounts 12/23
- Bahrain's BAPCO sends first diesel cargo to Australia in 2.5 yrs 12/23
- Asia oil floating storage seen declining on lower exports, China buying 12/23
- Gazprom in talks with Hungary's MOL over NIS stake sale 12/23
