Economics
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.
Editorial Comment: HPI spending in 2019 forecast at $375 B
Regulations, feedstock advantages, supply/demand gaps, etc., are resulting in a surge of new capital investments around the world.
Industry 4.0 in the oil and gas business
The operational cost structure of oil and gas companies is very capital- and labor-intensive.
Capital projects are making a comeback, but are EPC firms ready?
After several years of cutting costs to align to the reality of fewer and smaller capital projects, engineering, procurement and construction (EPC) firms are now forging ahead as the industry recovers.
Eight strategies to minimize capital expenditures for a better bottom line
The following are eight strategies to help reduce engineering, procurement and construction (EPC) project costs, along with tips to maximize the value of both existing assets and new investments for refiners and producers.
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.
Onsite
Dr. Kheng Lau, BP, presented the keynote address on using high-fidelity simulators for training on day two of Hydrocarbon Processing’s International Refining and Petrochemical Conference (IRPC) Americas.
Global Project Data
<i>Hydrocarbon Processing’</1>s Construction Boxscore Database is tracking more than 1,300 active projects in the hydrocarbon processing industries worldwide.
Business Trends
The oil and gas industry is at a turning point.
Viewpoint—Industry 4.0: Demystifying the next big thing in oil and gas
Until a few years ago, the term Industrial Revolution referred to the significant technological changes that began in the late 1700s with the advent of the steam engine, leading to the mechanization of work and the unprecedented economic growth and prosperity that followed.
- Chevron Technology Ventures' Catalyst program selects RapiCure 7/15
- GEA promotes more sustainable refinery processes with energy-efficient high-performance decanters 7/15
- Ariel Green pays claim for plastic recycling facility, demonstrating protection for clean energy projects 7/15
- China taps deeper into oil inventories despite biggest drop in refining on record 7/15
- China's Sinopec establishes four business units in major overhaul 7/15
- Japan refiners to diversify crude sources, explore support for Hormuz bypass routes 7/15
