Is the O&G industry becoming more ‘green’?
While the term “environmentally conscious” doesn’t spring forth images of the oil and gas industry, the fact is, the industry is consistently implementing new ways to reduce its carbon footprint, integrating new fuels into its business and updating its refineries with newer, environmentally friendly technology.
Embracing the digital revolution
The digital revolution is here, and the oil and gas industry is finally catching up and embracing the new technologies available.
Industry Metrics: US, Asian fuel markets recover while European margins fall
US refinery margins recovered as product markets were supported by strong domestic gasoline demand and temporarily tight sentiment fueled by the switch to summer-grade gasoline. In Europe, the lack of..
Global refining margins help lift crude oil prices
By John KempLONDON, April 20 (Reuters) -- Global refining margins have improved significantly in recent weeks, which should support strong demand for crude and lend some strength to both spot prices a..
Industry Metrics: US, international product markets show weakness
US product markets weakened despite strong domestic gasoline demand. Gasoline crack spreads lost ground due to oversupply and rising inventories. European markets were impacted by the lack of export o..
Daily editions of the AFPM 2016 Annual Meeting official newspaper
SAN FRANCISCO -- Enclosed are digital copies of all three daily editions of the official conference newspaper of the AFPM 2016 Annual Meeting, held at the Hilton Union Square.Day 3Day 2Day 1..
IHS CERAWeek: Strong global petrochemicals demand fuels optimism for Chevron Phillips
By Ben DuBoseDigital EditorHOUSTON -- Operating within the challenge and uncertainty of the current energy environment, Chevron Phillips Chemicals executive vice president Mark Lashier outl..
As US shale sinks, pipeline fight sends woes downstream
By Tom HalsWILMINGTON, Del., Feb 22 (Reuters) -- Within weeks, two low-profile legal disputes may determine whether an unprecedented wave of bankruptcies expected to hit US oil and gas producers this ..
ARC Strategy Forum navigates an industry in transition
By Mike RhodesManaging EditorORLANDO, Florida -- The ARC Strategy Forum opened Monday in Orlando, bringing together industry leaders to discuss how companies are beginning to move beyond the computer-..
Industry Metrics: US gasoil crack spread tumbles to multi-year low
US product markets weakened despite unseasonably strong gasoline demand, and the gasoil crack spread hit the lowest level seen in more than five years, under pressure from increasing supplies amid thi..
VIDEO: Safety investigators explain findings of probe into West Fertilizer explosion
By Ben DuBoseDigital EditorThe US Chemical Safety Board (CSB) today released a safety video into the fatal April 17, 2013, fire and explosion at the West Fertilizer Co. in West, Texas, which resulted ..
Russia strengthens position as crude supplier to Chinese refiners
By Chen AizhuBEIJING, Jan 26 (Reuters) - Russia beat out Saudi Arabia as China's top crude oil supplier for the fourth month in 2015 in December due to robust demand from independent Chinese refiners ..
Industry Metrics: Asian, European margins rise on higher gasoline, distillates demand
Asian margins showed a strong recovery due to higher winter heating fuel demand, supporting middle distillate crack spreads. US product markets strengthened slightly, despite supply-side pressure with..
Meet the downstream Chinese newcomers staking a claim to global oil trading
By WINNIE ZHU, SERENE CHEONG, JING YANG and SARAH CHENBloombergChina is forecast to overtake the US as the worlds biggest crude importer in 2016, and thats largely thanks to a group of buy..
Weak oil markets prompt Saudi leaders to make quicker decisions
By BEN HOLLANDBloombergSaudi Arabia, one of the most tradition-bound societies on the planet, where family structure and tribal patriarchy differ little from a century ago, is suddenly in a hurry. It ..
US to export light, sweet crudes to Europe as US Gulf refiners target heavier grades
By SHEELA TOBBENBloombergThe days of empty oil tankers leaving the Houston Ship Channel are over.Now that the US has ended crude export restrictions after 40 years, tankers bringing crude oil to Houst..
Former US energy secretary: OPEC grip, surging gas to shape markets in 2016
By Adrienne BlumeExecutive EditorHOUSTON -- During a breakfast presentation of The Economist's 30th global forecastissue on December 9, Executive Editor of TheEconomist, Daniel Franklin, invited Spenc..
WINNERS: Top HPI projects of 2015
The global hydrocarbon processing industry continues to expand and modernize to efficiently meet growing demand for energy, transportation fuels and petrochemicals. Presently, Hydrocarbon Process..
Industry Metrics: Global refining margins fall amid expectations of mild winter
Global refinery margins fell due to the expectations of a mild winter and an oversupply environment. Asian margins lost momentum despite tightening sentiment fueled by the peak of the maintenance seas..
US crude-by-rail industry slows as big refiners seek longer-term deals
By MATTHEW PHILIPSBloombergIts been several months since an oil train accident grabbed big headlinesbut not because there havent been any. A single weekend in November saw two trains..
API, America's Natural Gas Alliance trade groups to merge in 2016
Following the approval of both boards of directors, the American Petroleum Institute (API) and America's Natural Gas Alliance (ANGA) have announced that the two organizations will combine into a singl..
Industry Metrics: US gasoline crack spread tumbles amid higher inventories
A sharp drop in the gasoline crack spread following the end of the US driving season and increasing inventories caused refinery margins to fall. Asian margins have been strengthened by the onset of th..
POLL: Top Project Awards of 2015
Using the Construction Boxscore database, HP editors identified 11 projects with high impacts on the global or regional downstream industry and demonstrating innovative processing and/or con..
Daily editions of the Gastech 2015 official conference newspaper
SINGAPORE -- Here is Day 4 of the official newspaper for the Gastech 2015 Conference & Exhibition.The newspapers were published by Hydrocarbon Processing, Gas Processing ..
Honeywell hunts for bigger acquisitions after $5.1B deal for metering giant Elster
By THOMAS BLACKBloombergHoneywell International is looking at acquisitions larger than the $5.1 billion it paid for Elster as it makes headway on a program that targets deals spending of about twice t..