Beginning in July 2014, the world began to witness a widespread fall in crude oil prices. With the decrease in global crude oil prices, what has this meant for new project announcements in the downstream sector?
The proposed deal may reduce competition for equipment used by companies active throughout the oil and gas distribution chain, including exploration, storage and refining, the European Commission said.
The recent shift to lighter crudes has starved many US heavy oil units of feed. Maximizing asset use makes importing heavy oil for vacuum distillation and delayed coking attractive.
H2 is the lifeblood of 21st century refineries. The application of various technological advancements and core developments has been raising the bar in the design, build, operations and maintenance of H2 facilities.
A common root cause for compressor failure during first startup is a failure of the dry-gas seal (DGS) system. To avoid failures of gas compressors, the project team and end users must understand the importance and significance of the DGS very early in the basic design phase.
“Motiva routinely adjusts our business plans, based on company needs and evolving state and federal regulatory requirements at any given time," a company spokesman said.
A searchable database of project activity in the global hydrocarbon processing industry
Engineers and designers are highly skilled individuals. Forcing them to enter design changes using tables, forms and spreadsheets is unproductive and uneconomical, and it increases the likelihood of human error—this is the way that most instrumentation software systems currently work. For too long, software vendors have denied engineers and designers the simple practicality of a graphical visual engineering interface with “drag and drop” capability and inbuilt intelligence, ensuring changes are automatically replicated into all the associated data and databases.
D. GIBSON, AVEVA
Will previously-planned downstream investments be cut back in 2015 due to lower global oil prices?
Depends how long current prices last