Economics©2014 Hydrocarbon Processing60Economics2014 global construction year in review: 72% growth in new projects, 01 Dec 2014 00:00:00 GMT2015 downstream forecast reaches all-time highIn 2015, the HPI’s capital, maintenance and operating budgets are expected to exceed $324 B. Global announced project spending continues to surge to satisfy increasing demand for petroleum products., 01 Dec 2014 00:00:00 GMT3D laser scanning impacts asset lifecycle management, 01 Dec 2014 00:00:00 GMTCase 82: Be cautious when purchasing ‘first of kind’ equipment, 01 Dec 2014 00:00:00 GMTEditors’/Readers’ Choice 2014According to Hydrocarbon Processing’s Construction Boxscore Database, over $1.143 trillion in announced global projects are at various stages of development. Using the Boxscore Database, HP editors identified 12 projects that will have the highest impact to the global or regional downstream industry. HP readers voted online to select the top project in each category., 01 Dec 2014 00:00:00 GMTEmbedded virtualization in process automation systems, 01 Dec 2014 00:00:00 GMTExperience meets innovation: World-class coke drum replacement projectSix large coke drums at Chevron’s El Segundo refinery, which supplies 20% of Southern California’s vehicle fuel, were showing signs of aging after 46 years in service., 01 Dec 2014 00:00:00 GMTHow to select compressors for various process services, 01 Dec 2014 00:00:00 GMTHP Industry Metrics, 01 Dec 2014 00:00:00 GMTHP News, 01 Dec 2014 00:00:00 GMTImprove execution of capital projects with advanced technologiesThe E&C industry is now poised for a major leap forward in utilizing advancements in information technologies and, thus, enabling itself to greatly boost project performance., 01 Dec 2014 00:00:00 GMTManage hydrogen sulfide hazards with chemical scavengers, 01 Dec 2014 00:00:00 GMTMexico’s major grassroots effort: Ethylene XXI projectThe federal government, through Pemex Gas and Petroquímica Básica, using the law that regulates Mexican oil, decided to promote private investment to build a new major petrochemical complex called Ethylene XXI., 01 Dec 2014 00:00:00 GMTOil price—How low can it go?, 01 Dec 2014 00:00:00 GMTReplan: Modernizing Brazil’s largest crude oil refineryThe project included installing two hydrodesulfurization (HDS) units for the cracked naphtha produced by two catalytic cracking units, a coker naphtha hydrotreating (HDT) unit, and a catalytic reforming unit., 01 Dec 2014 00:00:00 GMTSuccessful project development and execution: Beyond EPC to ‘T-EPC’, 01 Dec 2014 00:00:00 GMTTrends from Texas A&M’s 43rd Turbomachinery and 30th Pump Symposia, 01 Dec 2014 00:00:00 GMTUS shale revolution set to spill over into downstream, 01 Dec 2014 00:00:00 GMTCan integrally geared compressors be successfully used with variable speeds?, 01 Nov 2014 00:00:00 GMTConsider true zero-emission packing for reciprocating compressorsEspecially when handling hydrogen, reciprocating compressors must provide ruggedness, operating flexibility and energy efficiency at pressures up to 3,000 psi (200 bar)., 01 Nov 2014 00:00:00 GMTEnvironmental regulations: How much do they really cost?Processors should instead grasp some understanding of the costs and benefits by asking themselves: “How much will these changes really cost, and what’s in it for me?”, 01 Nov 2014 00:00:00 GMTEuropean refining—Cornered, with no way out?, 01 Nov 2014 00:00:00 GMTHeater training improves safety and operations, 01 Nov 2014 00:00:00 GMTHP Industry Metrics, 01 Nov 2014 00:00:00 GMTHP Innovations, 01 Nov 2014 00:00:00 GMTIs your plant vulnerable to a brittle fracture?, 01 Nov 2014 00:00:00 GMTIt is easier to sit on the couch than go exercise, 01 Nov 2014 00:00:00 GMTManage the impacts of high-solids crude oil more effectively, 01 Nov 2014 00:00:00 GMTOptimize olefins and aromatics productionPetrochemical yields from the FCCU is an area of increasing interest as more companies try to integrate refining and petrochemical operations., 01 Nov 2014 00:00:00 GMT