Economics
Viewpoint: Three ways to protect the future of your workforce
With job cuts numbering in the hundreds of thousands, the oil and gas industry has been hard-hit by the massive drop in prices. While no immediate end to the crisis is in sight, there are signs that prices—and hiring—may pick up again later this year.
Engineering Case Histories: Case 95—How to avoid becoming overwhelmed in a failure situation
When you are involved with a major failure and find yourself staring at pieces of debris scattered all over the area, it can be easy to become overwhelmed.
BP announces growth plans for the next five years at presentation
LONDON -- During a presentation in London, BP updated the financial community on details of its strategy and, in particular, medium-term plans for the next five years, based on oil prices similar to where they are today.
EIA: US export to Mexico value more than twice import value in 2016
Energy trade between Mexico and the United States has historically been driven by Mexico’s sales of crude oil to the United States and by US net exports of refined petroleum products to Mexico. Through 2014, Mexico’s exports of crude oil to the United States were the most valuable component of bilateral energy trade, with the overall value of Mexico’s US crude oil sales far exceeding the value of US net sales of petroleum products, primarily gasoline and diesel fuel, to Mexico. From 2006 through 2010, for example, the value of US energy imports from Mexico were two to three times greater than the value of US energy exports to Mexico.
IEA: The changing landscape of energy investment
As the global energy sector undergoes deep transformations, investment decisions are more important than ever. They play a critical role for energy security and environmental sustainability and will shape the energy landscape for years to come.
Business Trends: Anticipated market and pricing impacts from new marine fuel regulations
In October 2016, the International Maritime Organization (IMO) announced that it will implement a new regulation that calls for the sulfur content in marine fuels to be reduced from 3.5% to 0.5%. The new regulation will go into effect in January 2020. This action by the IMO will have a profound impact on the maritime and refining industries worldwide, as well as on the environment. This month’s Business Trends section provides an overview on the anticipated impacts of the IMO’s decision on petroleum product markets.
Global: Is India ready for the BS-6 changeover?
India is the seventh-largest country in the world by land mass. Urbanization is taking place at a rapid pace: According to the country’s 2011 census, more than 377 MM Indians live in nearly 8,000 towns and cities. This count represents more than 31% of the country’s total population.
Refining: Europe’s refineries: Walking dead or happy valley?
Unloved and increasingly unneeded, Europe’s oil refining sector has been under duress for an astonishing four decades.
Automation Strategies: Next-gen automation services support operational excellence and reduce project cost
Major suppliers are expanding their automation-related service capabilities from project and engineering services through services for operations and maintenance. This is happening partly in response to overall automation market conditions, but largely in response to evolving user challenges and requirements.
Use the right model to unlock utility system potential
Although we have entered a new era of low energy prices, energy still represents one of the largest, but most easily managed, operating costs in the hydrocarbon industries.
- Malaysia plans to produce sustainable jet fuel in 2027 11/27
- ADNOC launches $80-B low-carbon energy and chemicals investment company 11/27
- Chevron sees California's fuel inventory law raising prices for customers 11/27
- Clariant’s MegaMax™ catalysts to power China’s first biomass-to-green methanol project 11/27
- easyJet, Renavia and WFS sign MoU for long-term supply of SAF 11/27
- Dow, Ambipar partner to promote plastics recycling in South America 11/26
