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  • Industry Metrics: Oil demand shifts as Middle East mega-refineries come online


    Posted by: HP Editorial Staff

    Friday November 07, 2014


    Mid–October crude oil prices slumped as the International Energy Agency (IEA) announced a slight increase in global oil demand by 700 Mbpd. In contrast, oil production is forecast to increase by 900 Mbpd, bolstered by OPEC and non–OPEC countries. The shift in demand is occurring at the same time as several mega–refineries in the Middle East come online. HP

     

     

     

     

     



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  • POLL: Top HPI projects of 2014


    Posted by: Ben DuBose

    Tuesday October 14, 2014


    Create your free online surveys with SurveyMonkey , the world's leading questionnaire tool.

    Using the Construction Boxscore database, HP editors identified 12 projects with high impact on the global or regional downstream industry and demonstrating innovative processing/construction technologies. They represent important developments for the LNG/gas processing, petrochemical and refining industries in 2014.

    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.

    LNG/GAS PROCESSINGCheniere Energy's Sabine Pass LNG terminal, LouisianaThe first LNG export terminal to be approved in the US in over 40 years, Cheniere recently announced a major, $6-B expansion to the project in Cameron Parish, Louisiana that will see two more liquefaction trains added to the terminal for a total of six trains. The total cost of the project, which will see first LNG in 2015 and be finalized...



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  • Industry Metrics: 2014 global oil demand stalls amid economic downgrades


    Posted by: HP Editorial Staff

    Monday October 13, 2014


    According to the International Energy Agency’s August Oil Market Report, 2014 global oil demand has stalled. The International Monetary Fund (IMF) revised down its forecast for global economic growth to 3.4%. The downgrades are in part due to revised lower economic growth forecasts for China, Russia and Japan. Economic activity in Russia may sharply decelerate due to the present geopolitical tensions that may further weaken demand and potentially impact investment.

     

     


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  • Daily editions of the AFPM 2014 Q&A and Technology Forum official newspaper


    Posted by: HP Editorial Staff

    Wednesday October 08, 2014


    DENVER -- Here is Day 3 of the official newspaper of the AFPM 2014 Q&A and Technology Forum. Day 2 and Day 1 editions can also be accessed. The issues were published by Hydrocarbon Processing as daily editions on Oct. 5/6 and Oct. 7, and as an electronic edition on October 8. If you want information on future Hydrocarbon Processing show dailies, email the editor, Billy Thinnes.

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

  • INTERVIEW: Downstream GE executives turn focus to ‘Age of Gas’


    Posted by: Stephany Romanow

    Tuesday September 30, 2014


    By Stephany Romanow
    Editor

    HOUSTON -- At the 43rd annual Turbomachinery and 30th International Pump Users Symposia, Hydrocarbon Processing spoke with Girish Saligram, general manager of GE's downstream products and services business, and Alessandro Bresciani, general manager of sales and marketing for the company's downstream technology solutions group.

    GE Oil & Gas has a company-wide refocus on the downstream, the representatives said. The company has moved its leadership of the downstream products and services to Houston. The change places GE in a central location to address the needs of the emerging petrochemical industry now expanding on the US Gulf Coast, according to company officials.

    “GE is a leading provider of compression equipment, including turbines, expanders and compressors,” said Saligram. “In addition to being a technology provider, GE is focusing on improving supply chain services for clients.”

    “North America is at a unique point in capitalizing on the shale...



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    Tags:GE, downstream, turbomachinery, pumps

  • Industry Metrics: US economic gains spark big gasoline demand


    Posted by: HP Editorial Staff

    Tuesday September 16, 2014


    A bump in the US economy triggered strong gasoline use. Debottlenecking of pipelines allowed more US midcontinent crude to reach US Gulf Coast refineries, which operated at the highest utilization rates. The global sweet/sour differentials narrowed sharply in Europe, as sour grades increased in demand and sweet grades experienced continued weakened demand. The Brent market remained under pressure due to ample crude supplies and flat purchasing by European refiners. More data is available online at HydrocarbonProcessing.com. HP

     






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  • Yokogawa partners with Dell to obtain customized PC models


    Posted by: Billy Thinnes

    Wednesday September 10, 2014


    By BILLY THINNES
    Technical Editor

    HOUSTON -- At Yokogawa Electric Corp.’s 2014 North America Users Group and Exhibition, the company announced a contract with Dell for the global provision of PC models that are selected and customized for Yokogawa use. Under this contract, which was signed in August, Yokogawa will offer system solutions that utilize Dell PCs and Yokogawa industrial automation (IA) system-related products.

    Background. PCs that incorporate the latest technologies are being used more and more in the control systems field, for example, by replacing the dedicated terminals used as human machine interfaces and to connect with host systems. But while a production control system usually remains in use for a period of one-to-two decades or longer, new PC hardware, operating systems and application software with the latest technologies and offering ever higher levels of performance are continually being released. While incorporating this new PC hardware and software in...



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  • Petrochemical boom at risk as US ethane heads abroad


    Posted by: HP News Services

    Friday September 05, 2014


    By JACK KASKEY
    Bloomberg

    When ExxonMobil kicked off construction last month of its largest US chemical investment, a trio of factories outside Houston, business unit chief Steven Pryor said he’d never seen a project with better economics.

    By the time the plants start operating in 2017, the numbers may not look so rosy. Exports are poised to absorb the country’s excess ethane, a natural gas liquid that’s become the main raw material for US chemical makers as increased drilling in shale formations makes it abundant and cheap.

    “Ethane exports have the potential to get really big,” said Ben Nolan, a Chicago-based shipping analyst at Stifel, Nicolaus & Co. “What people are assuming will be a lot of petrochemical manufacturing growth in the back end of the decade may not materialize.”

    Interest in ethane exports has soared since Enterprise Products announced April 22...



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    Tags:petrochemicals, chemicals, ethane, shale, exports

  • US plans tighter rules for ships carrying fuels, citing worst barge spills since 2008


    Posted by: HP News Services

    Thursday August 28, 2014


    By HARRY R. WEBER and DAN MURTAUGH
    Bloomberg

    Tighter regulation of US ships carrying record exports of diesel and gasoline is coming amid the worst year for oil spills from barges since 2008.

    Coast Guard rules to be issued within the next 90 days would require commercial vessels nationwide to be equipped with Automatic Identification System, or AIS, technology, which uses transponders and electronic chart displays to alert pilots to neighboring ships, according to trade group American Waterways Operators. 

    A pending inspection regulation would bring ships more in line with trains and trucks that carry similar cargo.

    Growing amounts of shale oil that’s made the US the world’s biggest energy producer moves through inland waterways on ships almost twice as long and that carry 10 times the load of vessels plying the same routes in the 1960s. 

    Export traffic on the Houston Ship Channel in...



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    Tags:barge, diesel, gasoline, shipping, logistics

  • Industry Metrics: Global oil demand looks to remain steady


    Posted by: HP Editorial Staff

    Wednesday August 13, 2014


    At mid-year, the global demand for oil remains steady, and growth is forecast to average about 1.13 million bpd (MMbpd). Analysts are more optimistic for greater demand increases in 2015 at 1.21MMbpd, with Organization for Economic Cooperation and Development (OECD) nations in the Americas experiencing positive growth next year. Non-OPEC supplies are expected to increase by 1.3 MMbpd in 2015 and average about 57 MMbpd. OECD Americas nations—the US, Canada and Brazil—are the main contributors to higher oil production. HP

     
     

     

     

     

     
     

     

     

     

     


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  • Permian crude gusher creates wave of pipeline, refinery investments


    Posted by: HP News Services

    Thursday August 07, 2014


    By DAN MURTAUGH
    Bloomberg

    The gusher of crude from the Permian Basin has spurred new investments from refinery and pipeline companies trying to take advantage of low prices caused by rising supplies.

    Delek US Holdings expects to expand its refinery in Tyler, Texas, by 25% in early 2015, and Sunoco Logistics asked shippers if they wanted to commit to a new pipeline to carry West Texas oil across the state and into southern Louisiana.

    The projects underscore the continued influence of the shale boom on the US energy landscape more than five years after hydraulic fracturing and horizontal drilling helped reverse a decades-long decline in oil production.

    “There’s like a wall of crude oil coming out of the Permian,” said David Hackett, president of Stillwater Associates, an Irvine, California-based energy consulting firm. “The first projects look like they’re all filled up, now the next wave is getting announced.”...



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  • GTL ’14: Executive insight into new gas-to-liquids technologies


    Posted by: Adrienne Blume

    Thursday July 31, 2014


    By ADRIENNE BLUME
    Managing Editor

    HOUSTON -- Gulf Publishing Company's second annual Gas-to-Liquids (GTL) Technology Forum opened on July 30 and concluded on Thursday, July 31. Speakers and attendees shared insight on gas processing technology developments, project economics and business challenges. A full news recap of technical sessions and photo gallery are included below:


    DAY 2 SESSION ROUNDUP

    Day 2 of the second annual GTL Technology Forum, which drew nearly 200 attendees from the US and a number of other countries, opened with an ExxonMobil-sponsored networking breakfast in the exhibition hall. Exhibitors Pentair, Siemens, AMACS, Walter Tosto and Ariel...



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    Tags:GTL, gas to liquids, natural gas, Houston

  • A career or an adventure in machinery reliability


    Posted by: Heinz P. Bloch

    Tuesday July 22, 2014


    Fig. 1: Patent diagram of cotton tip machine.By HEINZ P. BLOCH
    Reliability/Equipment Editor

    In a recent letter, an experienced reliability professional recommended that we (engineers) share how we decided and became the professionals that we are today. This engineer suggested a future article on my life experiences as related to machinery reliability. In short, he believes that it is important to share the life experiences of a professional reliability engineer with a career spanning over 50 years. More importantly, this article would link the experiences of solving numerous reliability problems and the “lessons learned.” Likewise, the article would also share the mistakes and misunderstandings that occurred as well. Remember: Failure is an excellent teacher.   

    Looking back. Working as a reliability engineer for over 50 years, I have had a few success stories and gaffes too. For example, I could write about the slip-up in Spain, where I forgot to drain the cooling...



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    Tags:machinery reliability, Bloch

  • Industry Metrics: Global markets poised to reach new equilibrium


    Posted by: HP Editorial Staff

    Friday July 11, 2014


    Global energy markets are reaching a new equilibrium, according to Wood Mackenzie analysts. As demand shifts to the East, it will expand to extraordinary proportions. 

    However, the world also finds itself in an era of robust energy supplies. A shift from volume to value is rebalancing the energy market to a “supply-push” condition as demand softens. 

    New non-OPEC supplies are contributing to the situation. After the mid-June 2014 meeting, OPEC countries announced that the nations will keep the target production at 30 million bpd for another six months. HP

     


     


     
     

     

     


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