Economics
Global refining: What is the future?
Demand for transportation fuels will continue to increase over the next 15 to 25 years. These fuels will still be primarily based on crude oil. Developing nations are driving growing demand for energy..
Economic drivers point to strong E&C growth
Fundamentals suggest that the industry business climate for most downstream engineering and construction companies (E&C) will remain strong for the foreseeable future.
Update on secondary seals for fluid machines
Elastomer-based O-rings are used as secondary sealing components in millions of fluid machines. Although O-ring seals are primarily intended for fluid containment between different but nonrotating com..
Triple-offset valves offer advantages in emergency services
Liquid hydrocarbon storage facilities have used triple-offset valves (TOVs) in traditional tank farm applications for decades. Due to more stringent health, safety and environment (HSE) requirements, ..
Innovative modeling of heavy crudes provides competitive advantages
The increase in heavy crude production, together with the diversity of heavy crude characteristics and sources, leads to technical challenges in accurately predicting production and refining process performance.
How are leading organizations implementing operational excellence?
ExxonMobil did not devote four full pages to operational excellence (OE) in its 2012 annual report because they had nothing else to talk about, but rather because they viewed it as one of their five k..
Use information management tools to support best practices and increase reliability
The recently published ISO 55000 series of standards aims to promote best practices in asset management. Other goals of this standard include: achieving tangible benefits through the effective managem..
Case history: Modernization of Russia’s refining industry—Part 2
Russia’s refining industry is set to make major changes to improve profitability and produce cleaner transportation fuels. Such changes will enable the refining industry to export cleaner fuels t..
Understanding people helps reduce safety risks in the workplace
It’s fair to assume that most employers strive to deliver quality results and maintain high safety standards in their plant operations. Recent research has shown that employing staff who share th..
HP Automation Strategies: Energy management lessons from Europe
ARC Advisory Group research indicates that, by applying appropriate energy management measures, energy-intensive companies can reduce their energy consumption by 30% to 40% over a 15-year timespan. Th..
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
- SOCAR signs deal to buy Gama Enerji gas plant in Turkey for $225 MM 12/24
- Japan's Eneos leads bids for Chevron’s Singapore oil refinery stake 12/24
- Larsen & Toubro awarded EPCC contract for BPCL's polyethylene plant 12/24
- Maire's Nextchem to acquire technology licensor and engineering company Ballestra 12/24
- bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion 12/24
