Crude oil
Case study: Improve vacuum tower operation with VFD addition
The bottom pump in crude vacuum units is an area of concern for almost all petroleum oil refineries. The harsh operating parameters in which these pumps operate, including high product temperature and significant vacuum suction pressure, have resulted in frequent vacuum tower upsets and low mean time between failures (MTBF) for vacuum bottom pumps.
Industry Metrics
US gasoline demand increased with the shift to summer fuels and higher export opportunities to Latin America.
Reliability: Oil in galvanized containers poses undue risk
Professional advancement is often linked to obtaining certification. To prepare, the technician or engineer must study texts, culminating in taking a test or passing an exam that makes use of, or is based on, questions contributed by subject matter experts.
Oil edges up in quiet holiday trade, focus on crude glut
(Reuters) — Oil prices rose slightly on Monday, paring steep losses from last week, but the market remained cautious as increases in US drilling activity have undercut an OPEC-led push to tighten supply.
ADNOC, OMV sign MoU to support company’s downstream growth
ABU DHABI, UAE — His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the Austrian Federal Chancellor H.E. Christian Kern witnessed the signing of a Memorandum of Understanding between Abu Dhabi National Oil Company (ADNOC) and OMV AG (OMV).
Oversold: Oil traders punish OPEC for promising too much
VIENNA (Reuters) — As OPEC's latest meeting wrapped up in Vienna on Thursday night, ministers congratulated each other on its rare spirit of amity and consensus. The talks were, without a doubt, a success.
Plains weighs idling oil pipeline due to new competition
NEW YORK (Reuters) — Plains All American LP is considering idling its 1.2-MMbpd Capline pipeline, the nation's largest crude pipeline, as competing lines begin service, according to a bank report on the company's investor presentation this week.
OPEC oil cut extension renews Asia's crude supply worries
SINGAPORE (Reuters) — The OPEC-led decision to extend a production cut to March 2018 disappointed financial investors, prompting an exit from oil futures markets, while refiners in Asia were mostly concerned with whether it meant they would need to go hunting for crude.
Big drop in US oil stocks finally on the way, traders say
NEW YORK (Reuters) — Oil traders and analysts are expecting large volumes of crude to draw from storage tanks across the United States in coming weeks, in what would be the most tangible sign of an inventory overhang reduction that has punished prices over the last two years.
Uganda, Tanzania sign deal for world's longest heated pipeline
KAMPALA (Reuters) — Uganda and Tanzania signed a framework agreement on their proposed $3.55 B crude export pipeline on Friday, a key milestone for the project, which is expected to start pumping Ugandan oil to international markets in three years.
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