Refining
HP Global: 2015 outlook for oil price and its refining sector implications
What is the oil price outlook for the next 12 months? As of early January, the price of Brent has effectively halved compared to the 2014 summer peak, similar to the price collapse of 2008. However, u..
HP Industry Perspectives: RFS—An endless loop
Renewable fuels remain a huge burden for the global refining industry. Today’s transportation fuels, when used with later-model vehicles, have dramatically reduced tailpipe emissions. With much p..
HP News
Qatar Petroleum and Shell cancel $6.5-B petrochemical project in Qatar Royal Dutch Shell and Qatar Petroleum (QP) have canceled the $6.5-B Al-Karaana petrochemical project in Qatar, which will signifi..
HP Industry Metrics
Mid-January saw the continued decline of monthly average Brent crude oil prices, which fell $17/bbl from November to a monthly average of $62/bbl. The continual price decrease reflects US tight oil pr..
HP Innovations
AVEVA NET software is cloud readyAVEVA has implemented a number of improvements to AVEVA NET, its information management software (Fig. 1). Customer feedback has shown that these improvements enhance ..
US safety board identifies weak refining standards in Chevron fire review
The US agency found shortcomings in industry standards related to comprehensive inspection, effective facility upgrades, and the need for minimum safety requirements.
BP to cut Houston jobs, reduce US Gulf business
This announcement follows job cuts at Houston-based oil field service giants Schlumberger, Halliburton and Baker Hughes, which have announced a combined 17,000 employee layoffs in recent weeks.
Petrobras develops new FCCU technology to capture CO2, cut emissions
Company officials at Petrobras say this is the first pre-industrial scale FCCU to use oxy-combustion technology to capture CO2 released by industrial processes in refineries.
Petrobras lifts annual processing volume to record at Brazilian refineries
The average volume processed was 2.1 million bpd of oil, up 34,000 bpd (1.7%) from the previous record, set in 2013. Petrobras also achieved a number of monthly records at its refineries.
Total inks new labor agreement with global union
A committee made up of members from Total and IndustriALL will meet annually to ensure that the agreement has been implemented and to identify and promote best practices.
- Eneos plans to shut Marifu CDU in mid-January for maintenance 12/26
- China's 2026 first batch fuel export quotas steady year on year 12/26
- Singapore fuel oil stockpiles rise to two-week high 12/26
- Asia refinery 2025–2026 maintenance/outages 12/26
- Serbia's NIS gets U.S. approval to negotiate sale of Russian stake 12/26
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
