Refining
Oil refiners, unions press U.S. EPA on biofuel blending costs
Oil refining company and labor union representatives pressed the U.S. Environmental Protection Agency at a virtual meeting last week to lower costs of the nation's biofuel blending program .
Innovations
The Thermo Scientific Delta Q isotope ratio mass spectrometer (IRMS) is a next-generation gas IRMS designed to enable detailed analysis with greater precision and accuracy.
Valves, Pumps and Turbomachinery: Achieving the right installation torque with a virtual calculation
Determining the required installation torque for a tight flange system is a daily challenge for industrial valve manufacturers and plant operators.
Environment and Safety: Gas flaring: Necessary, or a waste of resources and a source of greenhouse gases?
Flaring is the controlled burning of hydrocarbons at oil refineries, gas processing plants and petrochemical plants.
Business Trends: Non-OEM parts—Buyer beware
What is the harm in wearing a knock-off Rolex watch?
Industry Perspectives
In 1H 2022, new capital projects have declined 19% vs. 1H 2021.
EIA estimates show a decrease in global surplus crude oil production capacity in 2022
The EIA's new report, titled Global Surplus Crude Oil Production Capacity, provides estimates of global surplus crude oil production capacity in both OPEC countries and non-OPEC countries.
Exxon profit set to soar again; White House wants more oil
Wall Street analysts sharply increased their ExxonMobil Corp second-quarter profit estimates after the largest U.S. oil producer projected it could almost double its first-quarter earnings.
Oil from U.S. reserves sent overseas as gasoline prices stay high
More than 5 MM barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month.
China port group launches major pipeline in oil hub Shandong
China's Yantai Port Group started on Monday pumping oil into a newly expanded crude oil pipeline that connects the port of Yantai to a group of independent refineries in the country's refining hub Shandong.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
