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Technology group leaders from BP, General Electric, Baker Hughes and Shell shared their visions on innovative technologies and how the energy industry will create value from advanced developments.
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The MOL Group executive, who delivered a keynote address at the AspenTech users group conference, said he would not be surprised if 30% of Europe’s refineries were shuttered due to financial woes.
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Presentations included an overview of new technology developments and improvements to a variety of AspenTech software products. One speaker focused on aspenONE, a web-based user interface that allows process industry professionals to work with aspenONE software anytime, anywhere.
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Executives from companies involved in floating liquefied natural gas (FLNG) projects discussed the benefits, challenges, and technologies involved in the design of their FLNG vessels.
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The North American gas industry will change the LNG business model to some degree, Mr. Yergin noted, whether it is through the price of feedstocks such as shale gas or via LNG export pricing.
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Day 2 of EMGC’s technical program addressed regional infrastructure developments in the morning, while the afternoon speakers focused on resource development in Cyprus and Israel.
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During EMGC’s Tuesday technical program, executives from operating, service and technology companies shared insight into development opportunities and their regional implications.
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Exploration, drilling and production projects are underway, and plans for gas processing and transportation facilities are in progress. Gas exports could commence as early as 2019.
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A top consultant sees over a third of expected Chinese production by 2020 coming from planned propane dehydrogenation (PDH) and methanol-to-olefins plants.
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Dr. Moayyed Al-Qurtas, vice chairman of The National Industrialization Company of Saudi Arabia, better known as Tasnee, said new projects have become much more sophisticated and demanding.
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Stephen D. Pryor, president of ExxonMobil Chemical, continued Exxon’s war against rivals such as Dow Chemical that say the US should export manufactured goods rather than raw materials.
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HollyFrontier has leveraged its geographic positions to access cheap-but-landlocked crude oil in the middle of the US, giving the company a decided edge on many global competitors.
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FBI officials say if US energy companies conduct practice phishing emails to their employees, research shows that can drive down the open rate from 30% to about 7%.
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The development of liquefied natural gas (LNG) fuels could greatly assist rail carriers of North American crude oil by significantly cutting costs, the CEO of BNSF Railway said in a CERAWeek conference plenary.
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A Siemens executive noted that over the next few years, the largest unconventional growth outside of North America will be in the gas sector, led by China, Argentina and Saudi Arabia.
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BP has become a much safer company in the aftermath of the Deepwater Horizon disaster, said CEO Bob Dudley, who was appointed to lead BP after the April 2010 incident.
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Ryan Lance, who delivered the keynote address Tuesday at the IHS CERAWeek 2013 conference, cited the Obama administration’s “all of the above” pledge on energy policy as a roadmap for decisions.
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Saudi Aramco's CEO says the recent cyber attack against its computer network illustrates the need for global oil and gas companies to work together on safety technologies.
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The downstream industry has a responsibility to better educate workers on the dangers associated with hazards during maintenance turnaround work, according to Cody Nath of Refined Technologies. Nath spoke in a Monday afternoon technical session on hydroprocessing principles and practices.
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Brendan Williams, AFPM’s vice president for advocacy, shared his inside the Beltway perspective during Tuesday morning’s general session. Mr. Williams cited a RealClearPolitics general election compilation of polls that shows President Obama leading Governor Romney, 48.9% to 44.9%.
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Carlos Cabrera knows downstream from many sides, from his former role as President of UOP to his current position as Executive Chairman of heavy oil development group Ivanhoe Energy. He says one particular theme should unite all downstream businesses: the need to redefine sustainability.
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More than 85% of exhibition space has been sold, in excess of 350 international exhibitors are confirmed, and at least 10,000 visitors are expected to converge on London for the four-day October event.
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The project at Italy's Sannazzaro de’ Burgondi refinery will lead to an increase of 5% in middle distillates production (diesel) and a decrease of 3.5% in fuel oils, a VP says.
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A total of 14 terminal companies were recognized. Two companies demonstrating exemplary safety cultures were awarded the 2012 Platinum Safety Award. CITGO Petroleum received the large terminal company award, and Motiva's New Jersey complex received the small terminal company award.
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Dr. Jan Randolph, director of sovereign risk at IHS, said the likelihood of a “fringe breakaway” of one country - namely, Greece - from the European Union (EU) was 20% within one year and 40% within five years. Those figures are up sharply from earlier figures of just 5% and 20%, respectively, in November 2011.