Americas
Industry Perspectives: HPI project announcements analysis shows decline over past 3 yr
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, more than 870 new projects have been announced since 2015.
Viewpoint: Standards professionals are crucial to business and industry success
Businesses throughout the oil and gas industry use technical standards—specifications, test methods and guides, among others—as part of the foundation for developing the best processes and products. For example, standards are deeply integrated into how petroleum is refined, tested, stored and transported.
Petrochemicals: Asia to lead growth in the aliphatic hydrocarbon solvents and thinners market
A variety of aliphatic hydrocarbon solvents and thinners are being consumed globally. Preferences for one solvent over another depend on various factors, such as solvency, evaporation rate, boiling point, viscosity and surface tension.
EIA: Growing octane needs widen price spread between premium, regular gasoline
In late 2016, the difference between US average retail prices for premium and regular gasoline reached 50 cents/gal. This price spread has been generally expanding since 2000, and the rate at which the spread has grown has accelerated over the past 3 yr. Many factors on both the supply and demand sides are likely influencing this trend.
Koch-Glitsch forms partnership for data analytics solutions
WICHITA, Kan. — Koch-Glitsch and EFT Analytics announced a partnership to provide full service process engineering and advanced data analytics solutions to enhance operations for refineries and petrochemical plants.
Tallgrass Energy announces crude oil terminal acquisitions, developments at Pony Express
LEAWOOD, Kan. — Tallgrass Energy Partners, LP announced two strategic acquisitions by its Tallgrass Terminals business and several significant commercial developments that continue to expand the variety of services offered by Pony Express in key crude oil producing basins it serves.
EIA: US gasoline prices increased in 2017
US regular retail gasoline prices averaged $2.41/gal in 2017, 27 cents/gal (13%) higher than in 2016, but two cents/gal less than in 2015.
Gasoline prices unnerve Mexicans as election year begins
MEXICO CITY (Reuters) — Mexico's government on Wednesday denounced forecast price hikes by fuel retailers, saying increases were unjustified as it sought to allay public concern about high inflation at the start of a presidential election year.
Winter storm challenges US East Coast energy complex
NEW YORK (Reuters) — The US energy industry is facing a massive test of its infrastructure as an intense winter storm roars up the Atlantic Coast, threatening power outages, refinery shutdowns and spikes in heating prices.
EIA: Crude oil prices increased in 2017, Brent-WTI spread widened
Crude oil prices ended 2017 at $60/bbl, the highest end-of-year price since 2013. West Texas Intermediate (WTI) crude oil prices averaged $51/bbl in 2017, up $7/bbl from the 2016 average, and ended the year $6/bbl higher than at the end of 2016.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
