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  • Industry Metrics: Lower crude prices support consumption in developed nations


    Posted by: HP Editorial Staff

    Wednesday April 15, 2015


    Compiled by Editors at HydrocarbonProcessing.com

    US commercial crude oil inventories are at elevated levels and are expected to increase. Lower crude oil prices have supported consumption in developed economies, removed budgetary constraints in emerging economies, and allowed central banks to maintain stimulus and implement new measures. HP

     

     

     

     

     

     


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  • EIA studies economic, technical options for growing US light tight oil production


    Posted by: Mike Rhodes

    Thursday April 09, 2015


    By MIKE RHODESTechnical EditorThe US Energy Information Administration (EIA) has released a study that examines the economic and technical options for growing the production of light tight oil (LTO) within the US. Domestic oil production has grown rapidly recently: EIA data reflects that combined crude oil and lease condensate production shows a rise of approximately 3.1 MMbpd from 2011–2014. Increasing production of LTO from low-permeability resource formations in regions like the Bakken, Permian Basin and Eagle Ford, accounts for nearly all the net growth in US crude oil production.EIA's March 2015 Short-Term Energy Outlook (STEO) forecasts US crude oil production averaging 9.3 MMbpd in 2015 and 9.5 MMbpd in 2016. Further production growth has sparked discussion on how rising crude volumes might be absorbed. The easing of restrictions on US exports of crude oil is one of several ways to accommodate growing near-term flows of domestic production, and it holds...



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    Tags:EIA, study, LTO, light tight oil

  • Industry experts share advice on how to improve maintenance, reliability programs


    Posted by: HP Editorial Staff

    Monday April 06, 2015


    Scheduled maintenance and turnarounds are opportunities to increase safety, reliability, environmental performance and profitability. By improving the mechanical integrity of processing equipment, HPI companies can achieve and maintain increased uptime and equipment (unit) availability. All of these factors contribute to higher profitability.

    Maintenance and inspection programs are insurance policies that help guarantee efficient, safe and reliable operations while processing on-spec products without fear of mechanical failure or production disruption.

    In 2015, the HPI will spend over $95.2 B globally on various maintenance projects. Hydrocarbon Processing invited maintenance experts from the HPI to share their insights regarding quality maintenance and reliability programs.


    Maintenance best practices in downstream facilities

    “The first thing we need to highlight about maintenance best practices is that the reader will find these explained in the literature,” says Heinz P. Bloch, global reliability expert. “All the details are in the public domain for those truly...



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    Tags:maintenance, reliability, programs

  • Daily editions of the 2015 International Petrochemical Conference newspaper


    Posted by: HP Editorial Staff

    Sunday March 29, 2015


    SAN ANTONIO, Texas -- Enclosed are both daily editions of the official event newspaper of AFPM's 2015 International Petrochemical Conference, held at the Grand Hyatt San Antonio.

    Day 2
    Day 1


    Published by Hydrocarbon Processing as two daily editions for the event, which began on Sunday, March 29, and concluded on Tuesday, March 31. Both are available electronically in PDF form. If you wish to advertise in a future version of this newspaper, or to submit a press release for website consideration, please contact the editor via email at Mike.Rhodes@GulfPub.com.



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    Tags:AFPM, IPC, International Petrochemical Conference, show daily

  • Daily editions of the AFPM 2015 Annual Meeting official newspaper


    Posted by: HP Editorial Staff

    Sunday March 22, 2015


    SAN ANTONIO -- Enclosed are digital copies of all three daily editions of the official conference newspaper of the AFPM 2015 Annual Meeting, held at the Marriott Rivercenter.

    Day 3
    Day 2

    Day 1

    Published by Hydrocarbon Processing as two print editions, March 22/23, March 24 and as an electronic-only edition on March 25. If you wish to advertise in a future version of this newspaper, or to submit a press release for website consideration, please contact the editor via email at Mike.Rhodes@GulfPub.com.



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  • Industry Metrics: Global oil markets see temporary recovery to start year


    Posted by: HP Editorial Staff

    Friday March 13, 2015


    The global market is experiencing a potential temporary recovery from a prolonged decline, possibly followed by the continuation of the downtrend. This is reflected in continued growth in the US tight oil production and strong global supply amid weaker global oil demand growth, contributing to rising global oil inventories. HP 

     

     


     


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  • Founder of G2X Energy uncovers opportunities for shale gas through methanol


    Posted by: Stephany Romanow

    Thursday March 12, 2015


    By STEPHANY ROMANOW
    Editor

    HOUSTON -- “There is a bright future of methanol,” said Timothy Vail, CEO and founder of G2X Energy. As a keynote speaker at the recent Monetizing C1 Methane Feedstocks 2015 Conference, Vail shared a very optimistic market view for North American (NA) methanol production due to lower-cost abundant natural gas supplies.

    Under Vail’s leadership, G2X Energy is optimizing value within the NA natural gas supply chain. Present US-based natural gas prices have declined from the all-time highs in 2008 and still remain under $4/MMBtu. Result: NA shale gas is a valuable feedstock for the petrochemical industry, including methanol production. Methanol is a versatile petrochemical that has many uses. 

    G2X Energy is part of the PROMAN organization, which includes the Methanol Holding (Trinidad) Ltd. or MHTL Group, which is the second largest methanol producer with plants located in Oman and Trinidad. 
  • 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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    Tags:industry metrics

  • 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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