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  • ARC Strategy Forum navigates an industry in transition


    Posted by: Mike Rhodes

    Tuesday February 09, 2016


    By Mike Rhodes
    Managing Editor

    ORLANDO, Florida -- The ARC Strategy Forum opened Monday in Orlando, bringing together industry leaders to discuss how companies are beginning to move beyond the computer-enhanced business models of the late 20th century.

    Many are embracing new models that take advantage of intelligent connected products coupled with potent software and analytics.  Sessions and discussions are focusing on innovations in smarter products, new service and operating models, new production techniques, and new approaches to design and sourcing.

    The  Industrial Internet of Things (IIoT), Smart Manufacturing, Industrie 4.0, Digitization and Connected Enterprise are all concepts that are clearly moving past the hype stage to the point where real solutions are emerging, backed by strong associated business cases.

    Sessions included a discussion of the challenges of the growing global lack of skilled automation professionals across industry. Working with the US Department of Labor, The Automation Federation...



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    Tags:ARC, strategy, forum

  • Industry Metrics: US gasoil crack spread tumbles to multi-year low


    Posted by: HP Editorial Staff

    Monday February 08, 2016


    US product markets weakened despite unseasonably strong gasoline demand, and the gasoil crack spread hit the lowest level seen in more than five years, under pressure from increasing supplies amid thin demand due to warmer winter weather. Asian margins remained relatively healthy due to stronger regional demand for gasoline and naphtha. European markets exhibited mixed performance. HP

     

     

     

     

     

     


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    Tags:industry metrics, fuel oil, gasoil, margins, utilization rate

  • VIDEO: Safety investigators explain findings of probe into West Fertilizer explosion


    Posted by: Ben DuBose

    Friday January 29, 2016


    Image
    By Ben DuBose
    Digital Editor

    The US Chemical Safety Board (CSB) today released a safety video into the fatal April 17, 2013, fire and explosion at the West Fertilizer Co. in West, Texas, which resulted in 15 fatalities, more than 260 injuries, and widespread community damage. 

    The deadly fire and explosion occurred when about 30 tons of fertilizer-grade ammonium nitrate (FGAN) exploded after being heated by a fire at the storage and distribution facility. 

    The CSB’s newly-released 12-minute safety video entitled, “Dangerously Close: Explosion in West, Texas,” includes a 3D animation of the fire and explosion as well as interviews with CSB investigators and chairperson Vanessa Allen Sutherland. 



    “This tragic accident should not have happened," chairperson Sutherland said. "We hope that this video, by sharing...



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    Tags:CSB, explosion, fertilizer, West, video

  • Russia strengthens position as crude supplier to Chinese refiners


    Posted by: HP News Services

    Tuesday January 26, 2016


    By Chen Aizhu

    BEIJING, Jan 26 (Reuters) - Russia beat out Saudi Arabia as China's top crude oil supplier for the fourth month in 2015 in December due to robust demand from independent Chinese refiners that prefer shipments from the Far East over high-sulfur barrels from the Middle East.

    Russia strengthened its position in Asia by supplying nearly a quarter more crude to the region in 2015, shifting the balance of power in one of the few bright spots in the global market and blunting the Organization of the Petroleum Exporting Countries' high-profile drive to win customers.

    China is one of the top targets for Russian oil after small, independent oil plants nicknamed "teapots" won the right to import crude for the first time just several months ago and hectically started placing orders towards the end of last year.

    "These new plants were in a rush to use new quotas. But...



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    Tags:Russia, China, crude oil, refineries

  • Industry Metrics: Asian, European margins rise on higher gasoline, distillates demand


    Posted by: HP Editorial Staff

    Monday January 18, 2016


    Asian margins showed a strong recovery due to higher winter heating fuel demand, supporting middle distillate crack spreads. US product markets strengthened slightly, despite supply-side pressure with refineries increasing runs and inventories on the high side. European markets showed improvement on the back of strong gasoline demand and strong exports to the petrochemical sector.

     

     

     

     

     

     


    Continue reading "Industry Metrics: Asian, European margins rise on higher gasoline, distillates demand"

    Tags:industry metrics, margins, cracking spread, utilization rate, fuel oil, kerosine

  • Former US energy secretary: OPEC grip, surging gas to shape markets in 2016


    Posted by: Adrienne Blume

    Wednesday December 09, 2015


    By Adrienne Blume
    Executive Editor

    Spencer Abraham

    HOUSTON -- During a breakfast presentation of The Economist's 30th global forecast issue on December 9, Executive Editor of The Economist, Daniel Franklin, invited Spencer Abraham, Chairman and CEO of The Abraham Group LLC and former US energy secretary under George Bush, to discuss the energy markets in 2016.

    With the recent OPEC decision to leave oil production levels unchanged and crude oil prices hovering below $40/bbl, Franklin posed the question: "What can we expect for the year ahead in energy?"

    Abraham (pictured right) noted that, with regard to the cyclical nature of energy markets and oil prices, it is interesting how the US perception of commodity markets has changed over the past year. The consensus used to be that low commodity prices were a good thing for the economy, but perception has shifted in the opposite direction since oil prices began falling in 2014.



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  • WINNERS: Top HPI projects of 2015


    Posted by: Lee Nichols

    Monday December 07, 2015


    The global hydrocarbon processing industry continues to expand and modernize to efficiently meet growing demand for energy, transportation fuels and petrochemicals. Presently, Hydrocarbon Processing’s Construction Boxscore Database is tracking over $1.5 trillion in active projects throughout the globe. This includes projects that have either been announced or are in some phase along the project’s planning, engineering or construction time frame.

    Using the Construction Boxscore Database, Hydrocarbon Processing editors identified 11 projects that will have some of the highest impacts to the global or regional downstream industry. All of the nominees have a significant impact to the downstream sector, whether that is through overall capital expenditure, satisfying domestic or regional demand, or the resurgence in refining or petrochemical processing capacity.

    This year, Hydrocarbon Processing focused on major refining and petrochemical projects under construction. These projects represent nearly $77 B in total capital expenditures. This...



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    Tags:top HPI projects, poll

  • Industry Metrics: Global refining margins fall amid expectations of mild winter


    Posted by: HP Editorial Staff

    Thursday December 03, 2015


    Global refinery margins fell due to the expectations of a mild winter and an oversupply environment. Asian margins lost momentum despite tightening sentiment fueled by the peak of the maintenance season. European product markets weakened further due to pressure from an increasing product overhang and higher inflows amid a lack of export opportunities, causing a sharp drop in refinery margins. HP 

     



     
     
     
     

     



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    Tags:industry metrics, margins, utilization rates

  • API, America's Natural Gas Alliance trade groups to merge in 2016


    Posted by: Ben DuBose

    Monday November 23, 2015


    Following the approval of both boards of directors, the American Petroleum Institute (API) and America's Natural Gas Alliance (ANGA) have announced that the two organizations will combine into a single trade association, effective January 1, 2016.

    The combined association will continue ANGA's mission under API.

    “There is a natural synergy between our organisations,” said API CEO Jack Gerard. “As a single organization, the combined skills and capabilities bring an enhanced advocacy strength to natural gas market development, ANGA’s primary mission, and the combined association’s expanded membership will provide additional lift to API’s ongoing efforts on important public policy issues.”

    Under the agreement, ANGA's mission to promote natural gas as a clean, affordable solution to America’s energy and environmental needs will be handled by a new market development group at API, a team led by current ANGA President Marty Durbin. ANGA...



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    Tags:API, ANGA, natural gas, trade

  • Industry Metrics: US gasoline crack spread tumbles amid higher inventories


    Posted by: HP Editorial Staff

    Thursday November 05, 2015


    A sharp drop in the gasoline crack spread following the end of the US driving season and increasing inventories caused refinery margins to fall. Asian margins have been strengthened by the onset of the refinery maintenance season and the downward correction seen in Dubai crude prices. European refinery margins fell due to increasing inflows to the region amid a lack of export opportunities. HP

     

       

     
     

     

     


    Continue reading "Industry Metrics: US gasoline crack spread tumbles amid higher inventories"

    Tags:industry metrics, margins, utilization rates

  • POLL: Top Project Awards of 2015


    Posted by: Ben DuBose

    Sunday November 01, 2015


    Using the Construction Boxscore database, HP editors identified 11 projects with high impacts on the global or regional downstream industry and demonstrating innovative processing and/or construction technologies. They represent some of the top developments for the global refining and petrochemical sectors in 2015.Take a look at our picks, and cast your vote in the poll! For the winning projects, awards will be presented to the operator and EPC contractor(s).REFININGNorth West Redwater Sturgeon Bitumen RefineryThe 150-Mbpd refinery project is being developed by the North West Redwater Partnership, a 50/50 JV between North West Upgrading and Canadian Natural Resources Ltd. The $8.5-B bitumen refinery will be located in Sturgeon County, 45 km northeast of Edmonton, Alberta, Canada. The Sturgeon refinery will be the first refinery built in Canada in three decades. The facility will convert diluted bitumen...



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    Tags:Top HPI projects, poll

  • Daily editions of the Gastech 2015 official conference newspaper


    Posted by: HP Editorial Staff

    Friday October 30, 2015


    SINGAPORE -- Here is Day 4 of the official newspaper for the Gastech 2015 Conference & Exhibition.

    The newspapers were published by Hydrocarbon ProcessingGas Processing and World Oil as four daily print editions from October 27 until October 30. All issues are available electronically in PDF form.

    The official newspaper includes event coverage from Gastech 2015 in Singapore. Gastech, held every 18 months, is the world’s favorite meeting place for energy professionals working in the natural gas and liquefied natural gas (LNG) industries.

    If you would like information on future Hydrocarbon Processing show dailies or to submit a press release for consideration, please contact the editor via email at Mike.Rhodes@GulfPub.com.

    Day 4 Newspaper
    Day 3 Newspaper

    Day 2 Newspaper

    Day 1 Newspaper



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    Tags:Gastech 2015, natural gas, LNG, show daily

  • Industry Metrics: Strong gasoline demand lifts US refinery utilization rates


    Posted by: HP Editorial Staff

    Tuesday October 13, 2015


    High US refinery utilization rates have continued, encouraged by strong gasoline demand amid lower crude prices. Asian product markets recovered slightly, supported by strong regional demand and the upcoming maintenance season. Product markets in Europe exhibited a mixed performance, buoyed by the recovery at the middle of the barrel and in fuel oil, allowing regional refinery margins to remain healthy.HP

     

     

     

     

     

     

     

     

     

     

     

     



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    Tags:industry metrics, margins, utilization rates

  • Daily editions of the AFPM 2015 Q&A and Technology Forum official newspaper


    Posted by: HP Editorial Staff

    Tuesday October 06, 2015


    NEW ORLEANS -- Here is Day 3 of the official newspaper of the AFPM 2015 Q&A and Technology Forum. The prior Day 2 and Day 1 editions can also be accessed. The issues are being published by Hydrocarbon Processing as daily editions on Oct. 4/5 and Oct. 6, and as an electronic edition on October 7. If you want information on future Hydrocarbon Processing show dailies, email the editor, Mike Rhodes.

    Continue reading "Daily editions of the AFPM 2015 Q&A and Technology Forum official newspaper"

    Tags:AFPM, Q&A, Technology Forum, show daily

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