Construction
Shape the refinery of the future through integration—Part 1
The negative impact of fossil fuels on the environment has become widely accepted, and our global society has begun to focus on alternative fuels. The pollution of the local, regional and global environment has become a primary concern.
Industry Perspectives: Save the date: Hydrocarbon Processing’s Top Projects Awards
Over the past several years, <ital>Hydrocarbon Processing</ital> has honored the feats of capital project excellence with its Top Projects Awards. The winners and nominees encapsulate important contributions to the global hydrocarbon processing industry, whether that is through significant capital intensity, diversifying product offerings or adding a significant amount of refining and/or petrochemical processing capacity.
Editorial Comment: Optimizing operations and recognizing achievements
Over the next two months, <ital>Hydrocarbon Processing</ital> will host two separate events for a global audience. One will gather the brightest minds in the industry to share the latest innovations and technologies in the industry, while the other will recognize the leaders in advancing the industry toward safer and more reliable, sustainable and profitable operations. Both events—<ital>Hydrocarbon Processing’s</ital> IRPC and the HP Awards—will be streamed on digital platforms and free to view.
Business Trends: Managing risk and uncertainty: The importance of optimizing your value chain
No doubt exists that COVID-19 is disrupting the oil and gas industry. Oil prices are falling, demand is down, supply is up, and storage capacity is limited. In these difficult times, the industry must swiftly act to keep business viable to come back strong when conditions improve.
Piping and instrument diagrams (P&IDs): Part 2—Causes and management of change
It is difficult to categorize or group the many reasons for routine or late changes to a P&ID. Some causes are listed here.
Intensification of sulfur processing units by oxygen enrichment and process flowsheet optimization
The consistent global trend toward improvements in air quality and tighter regulations on emissions, as well as the International Maritime Organization’s shipping regulations, continue to mitigate sulfur levels—not only in conventional transport fuels (petrol and diesel), but also in jet fuels, fuel oils and other heavier distillates.
Global Project Data
<i>Hydrocarbon Processing’s</i> Construction Boxscore Database is tracking nearly 1,600 projects around the world.
Business Trends
Rovuma LNG, a JV comprised of ExxonMobil, Eni and China National Petroleum Corp., will likely delay its final investment decision (FID) on the group’s $30-B Mozambique LNG project.
Editorial Comment: The impact and response of an industry during trying times
On behalf of <i>Hydrocarbon Processing</i>, we hope that you and your families and colleagues are healthy and safe during these unprecedented times.
Refining: Despite decline, Group 1 base stocks are here to stay
Given increasingly stringent automotive specifications and the advent of the International Maritime Organization’s 2020 sulfur regulations, the continued decrease in Group I base stocks demand should come as no surprise for anyone in the industry.
- 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
