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  • EIA analyzes US refinery outages and supply implications for early 2015


    Posted by: Mike Rhodes

    Tuesday March 03, 2015


    The latest US Energy Information Administration (EIA) report examines refinery outages planned for the first half of 2015 and the potential implications for available refinery capacity, petroleum product markets and supply of gasoline, diesel fuel and heating oil. 

    This report focuses on how planned refinery outages may affect the adequacy of regional distillate fuel and gasoline supplies, as defined by Petroleum Administration for Defense District (PADD) areas. The report analyzes the availability of refinery capacity to produce diesel fuel and heating oil (distillate) and gasoline, focusing on two refinery units, the atmospheric crude distillation unit (CDU) and the fluid catalytic cracking unit (FCCU), that are strongly correlated with distillate and gasoline production, respectively. This report also provides data on the historical level and frequency of unplanned outages and considers how unplanned outages could prove disruptive based on expectations for overall supply in each region, taking planned outages into account.



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    Tags:refinery, outages, EIA, supply

  • Industry Metrics: US tight oil supplies drive continued pricing declines


    Posted by: Stephany Romanow

    Friday February 27, 2015


    Mid-January saw the continued decline of monthly average Brent crude oil prices, which fell $17/bbl from November to a monthly average of $62/bbl. The continual price decrease reflects US tight oil production, strong global supply and weakening outlooks for the global economy and for oil demand. HP
     

     

     

     

     

     


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  • Weather-related issues force US East Coast refineries to restart


    Posted by: HP News Services

    Wednesday February 25, 2015


    By LEE WILLIAMS
    Data Integrity Analyst, Genscape

    Units at multiple US East Coast refineries have restarted after experiencing operational issues late last week due to cold regional temperatures. The unplanned outages added volatility to the region where several key units were undergoing planned work. The Delaware River, which is used for cooling systems at multiple refineries along the river, partly froze last week causing issues for several facilities, according to media reports.

    Monroe Energy Trainer

    A 52,000 bpd fluid catalytic cracking unit was restarted February 22 at Monroe Energy’s 185,000 bpd Trainer, PA, refinery after being shut on February 20. The shutdown was due to an issue with the cooling system early February 20 and was believed to be associated with freezing at the river. Multiple units at the refinery were shut, while others remained online, according to Reuters. The FCC was at reduced rates since being restarted, Reuters said. ...



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    Tags:weather, refineries, restart

  • ARC Industry Forum: Executives share approaches to cyber security


    Posted by: Mike Rhodes

    Tuesday February 10, 2015


    By MIKE RHODES
    Technical Editor

    ORLANDO, Florida -- Many organizations have chosen their framework for industrial control systems cyber security. So now what?

    Industrial cyber security is a hot topic today. The potential impact of disruptions to the operation of industrial systems have made them prime targets for cyber-warfare and cybercrime. Owners and operators recognize this risk, yet many struggle to implement effective cyber security programs.

    Cyber risks are hard to evaluate, so investment decisions are often difficult to justify. Overcoming confusion about how to begin or move forward impedes development of appropriate people, process and technology strategies.

    Over 25 leading industrial organizations and hundreds of attendees discussed their approach to overcoming these obstacles and the strategic decisions they have made to ensure the cyber security of critical assets. This information will be of benefit to every owner-operator in the industrial arena. An open panel discussion followed the presentations and enabled...



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    Tags:ARC, cyber security

  • 19th annual ARC Industrial Forum opens in Orlando


    Posted by: Mike Rhodes

    Monday February 09, 2015


    Industrial Internet of Things
    By MIKE RHODES
    Technical Editor

    ORLANDO, Florida -- ARC Advisory Group’s collaborative process automation systems (CPAS) vision goes beyond applying new technologies to include best practices for managing the lifecycles of process automation systems.

    These lessons are being shared this week at the 19th annual ARC Industry Forum, which runs through Thursday in Orlando.

    The business environment is increasingly dynamic, and new business models such as information driven enterprises, Industry 4.0, industrial internet and connected manufacturing are emerging. 

    In addition to a host of potentially disruptive technologies, companies must also face rapid changes in government regulations, energy and raw materials availability, and fierce global competition. By deploying leading edge technologies, today’s companies can thrive.

    New information technologies such as Internet of Things, predictive analytics, wireless, additive manufacturing, cloud computing, mobility and 3D visualization are beginning to disrupt and radically change the way industrial enterprises do...



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    Tags:ARC Industrial Forum, automation, technology

  • CATCON2014 hailed as success for catalyst industry innovations


    Posted by: Mike Rhodes

    Friday February 06, 2015


    The Catalyst Group Resources (TCGR) concluded CATCON2014, one of the industry's leading venues for product and process innovations in the cataltyic process industries, in December 8–9, 2014, in Houston, Texas.

    The conference’s “Innovation to Growth” theme was firmly focused on the chemical industry, targeting advanced technologies for partnership, development and commercialization, using both olefins and aromatic feedstocks. CATCON2014 was specifically designed to stimulate technical and commercial thinking and promote discussions regarding the role of new developments in meeting changing energy, fuels, petrochemical, chemical, environmental (including CO2 remediation) and other demands across applications that included:

    · Unconventional gas processing and conversion advances

    · Advanced aromatics technologies

    · Advanced chemicals technologies

    · Energy efficiencies/greenhouse gas (GHG) reductions via catalysis

    · Advanced technologies in fuels and additives production

    · Leading innovation to drive value

    The theme of the 2014 gathering was “From Innovation to Growth: Catalysis...



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  • US refiners turn to automation amid largest worker strike since 1980


    Posted by: HP News Services

    Tuesday February 03, 2015


    By ZAIN SHAUK and BRADLEY OLSON
    Bloomberg

    The heart and soul of a modern refinery isn’t the welders and pipefitters with grease on their hands, it’s the white-collar technicians seated at computers in a control room, overseeing the flow and temperature of every tank and valve.

    That’s why a strike that began in nine of the nation’s refineries Sunday isn’t likely to have much effect on fuel production at the plants. It will probably hurt refiners even less than the last strike 35 years ago, which also had a negligible impact on operations, according to industry analysts and consultants.

    “Refineries are highly automated operations that should be able to run with minimal disruption in the initial days and weeks,” Roger Read, an analyst for Wells Fargo Securities, said today in a note to investors. “Strikes are not new to the industry...



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    Tags:refiners, automation, USW, strike

  • OUTLOOK: An update to China’s energy demand profile


    Posted by: Stephany Romanow

    Friday January 30, 2015


    According to Wood Mackenzie, 2014 was a significant year for China as economic rebalancing led demand growth for a range of major energy commodities- and GDP growth decoupling significantly for the first time.Over the past two decades, commodity demand growth had maintained relatively proportionate annual increases to GDP growth. In 2014, however, the pace of power, gas, coal and diesel demand increase fell more drastically than the slight GDP moderation, beyond expectations.Wood Mackenzie expects gas demand will recover in one to two years as the key drivers of slower growth are mainly cyclical. However, power, coal and diesel demand will experience an outlook change over the long term due to major structural changes in the economy and policy. The global energy sector will need to identify, which changes are structural or cyclical to determine future demand patterns and opportunities.China’s GDP grew by 7.4% in 2014 compared to 7.7% in 2013,...



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    Tags:China, demand, refined products

  • A.T. Kearney sees low oil prices boosting M&A in oil, gas industry


    Posted by: HP Editorial Staff

    Tuesday January 27, 2015




    According to a recent survey of senior energy industry executives, lower oil prices are set to usher in a wave of mergers to find margins under tight conditions.

    In its latest study, “Mergers and Acquisitions in Oil and Gas,” global management consulting firm A.T. Kearney predicts a significant increase in mergers and acquisitions in the oil and gas sector for 2015, as a result of oil prices falling below $50/bbl from Brent’s $115 high in late June. 

    The intense pricing pressure challenges cash flows, so oil companies of all sizes need to have a clear response to the situation – both near term and longer term. The study authors expect companies to respond, as they did the late 1990s, with mergers and acquisitions to reshape the competitive landscape to their advantage. 

    Mergers and acquisitions (M&A) in oil and gas (O&G) showed a...



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    Tags:M&A, oil and gas, mergers, acquisitions

  • ELFA announces Top 10 equipment acquisition trends in 2015


    Posted by: Mike Rhodes

    Wednesday January 21, 2015


    The Equipment Leasing and Finance Association (ELFA), which represents the $903-B equipment finance sector, has revealed its Top 10 equipment acquisition trends for 2015. Because US businesses, nonprofits and government agencies will spend nearly $1.5 T this year in capital goods or fixed business investment, these trends impact a significant portion of the USeconomy.

    “Equipment financing enables equipment acquisition, which drives the supply chains across all US manufacturing and service sectors,” said ELFA President and CEO William G. Sutton, CAE. “We have distilled recent research data to provide our best insight for the top 10 acquisition trends.”

    ELFA forecasts the following Top 10 Equipment Acquisition Trends for 2015:

    1. Equipment and software investment will reach an all-time high in 2015. As the US economy continues to improve, 2015 business investment is forecast to reach a record $1.4 T. As investment grows, so will the demand...



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  • Reterro begins inaugural ‘green’ remediation technology project in Texas


    Posted by: Mike Rhodes

    Thursday January 08, 2015


    By MIKE RHODES
    Technical Editor

    Reterro, an emerging green remediation leader in eliminating hydrocarbon contamination from soil and ongoing waste streams, is beginning a hydrocarbon soil remediation project at two former compressor stations in Texas.

    A major oil services company has selected Reterro to remove hydrocarbon contamination from the ground of the two sites it co-owns with one of the world’s largest oil companies. Project managers estimate that the two sites will be cleaned in about two months using the Reterro Principle, the company’s green remediation onsite treatment technology. The project marks Reterro’s inaugural remediation in the Central US oil and gas (O&G) corridor.

    The Reterro Principle methodology is typified by a small onsite footprint and flameless process that provides immediate certainty in safe wastestream and soil remediation while dispensing with the need for trucking of contaminated soil from the original site across multiple...



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    Tags:remediation, hydrocarbon, contamination

  • US drive for energy independence tested by oil below $60/bbl


    Posted by: HP News Services

    Monday January 05, 2015


    By ASJYLYN LODER
    Bloomberg

    Oil’s biggest bust since the global recession was good for a few cases of whiplash.

    Just two months ago, Continental Resources, the shale driller founded by billionaire Harold Hamm, budgeted for $80/bbl oil and planned to spend $4.6 billion in 2015. Six weeks later, with crude down 29% in the interim, Continental cut its 2015 budget to $2.7 billion.

    Halliburton, the world’s biggest provider of fracking services to oil companies, announced Dec. 11 that it would dismiss 1,000 workers. Two months earlier, CEOr Dave Lesar said “our sector will be fine” if oil prices range between $80 and $100/bbl.

    The US shale boom that’s brought the country closer to energy self-sufficiency than at any time since the 1980s will be challenged in 2015 as never before. The benchmark US crude price has fallen below $60,...



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    Tags:energy independence, oil, pricing

  • Industry Metrics: Future oil pricing forecasts show volatility


    Posted by: HP Editorial Staff

    Saturday January 03, 2015


    Recent declines in oil pricing and the associated volatility in future pricing has created a difficult forecasting environment. Other factors are causing deviations, especially with regard to the responsiveness of supply under a lower-price environment. The US EIA has cut price forecasts by $15/bbl and lowered its US oil production outlook for 2015. HP

     

     

     

     

     


     

     


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  • CATCON: Innovation sought as leading catalyst conference returns to US Gulf


    Posted by: Stephany Romanow

    Friday December 12, 2014


    By Stephany Romanow
    Editor

    HOUSTON -- CATCON, the innovative technical conference produced by The Catalyst Group Resources (TCGR), has returned to Houston after a nine-year break. The theme for CATCON2014 was: From Innovation to Growth: Catalysis for Future Chemical, Energy and Environmental demands

    Clyde F. Payn, CEO of TCGR, and Dr. John J. Murphy, president of TCGR, led the two-day technical conference.

    Innovation in catalyst technologies was the focus of the program, which included presenters and attendees from the global chemical and petrochemical industries and major catalyst manufacturers.

    Innovation is needed to spur future growth in the downstream industries. Likewise, innovation is needed to develop new processes that improve the environmental performance of operating facilities. 

    “Innovation is all about change,” said Dr. Peter Nagler, chief innovation officer (CIO) for corporate innovation strategy and management at Evonik Industries. In Dr. Nagler’s keynote presentation, he invited the audience to describe innovation in...



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    Tags:catalysts, petrochemicals, chemicals, R&D

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