Economics
HP Viewpoint: US shale revolution set to spill over into downstream
The US shale boom is rapidly changing from an upstream story to a broader energy evolution with increased margins migrating to midstream and, more particularly, to downstream. In downstream oil, disco..
HP Forecast: 2015 downstream forecast reaches all-time high
In 2015, the HPI’s capital, maintenance and operating budgets are expected to exceed $324 B. Global announced project spending continues to surge to satisfy increasing demand for petroleum products.
HP Industry Metrics
Oil prices continued their downward plunge throughout October and into early November. The decline is due to bearish market fundamentals accompanied by a strong US dollar. Saudi Arabia is not expected..
HP Industry Perspectives: Oil price—How low can it go?
Oil price volatility returned with a vengeance in October amid worries of slower economic growth, weakening oil demand, an unexpected increase in Libya’s output, and an indication by Saudi Arabia..
HP News
DOE study examines impacts of US LNG exports The US Department of Energy’s office of Fossil Energy (DOE/FE) recently completed a study on the impact of exporting LNG on the US energy market. Ther..
HP People
The supervisory board of BASF SE appointed Sanjeev Gandhi to the board of executive directors, effective Dec. 1. Previously, he was head of BASF’s Intermediates division since 2010 and a senior v..
Manage hydrogen sulfide hazards with chemical scavengers
Hydrogen sulfide (H2S) and its associated hazards are well known in the oil and gas production and refining industries. Legislation has been in place for years, imposing strict regulations on H2S leve..
Heater training improves safety and operations
As a part of an initiative to conserve energy and other valuable resources, an independent petroleum refiner began a two-year training program in the summer of 2013 for more than 900 operators at six ..
Environmental regulations: How much do they really cost?
Processors should instead grasp some understanding of the costs and benefits by asking themselves: “How much will these changes really cost, and what’s in it for me?”
Consider true zero-emission packing for reciprocating compressors
Especially when handling hydrogen, reciprocating compressors must provide ruggedness, operating flexibility and energy efficiency at pressures up to 3,000 psi (200 bar).
- IHI, Vopak to launch ammonia terminal project in Japan 7/11
- India's BPCL plans to shut Bina refinery unit for 15-day maintenance in August 7/11
- Soaring electric truck sales deal new blow to diesel use in China 7/11
- Russia`s Tatneft launches new hydrocracking unit on TANECO refinery 7/11
- IEA: Global oil market may be tighter than it looks 7/11
- India must boost its petchem output to counter China's dominance, Reliance says 7/11
