OpenLink announces asset transaction management for midstream, downstream operations

HOUSTON, Texas – OpenLink, the global leader in trading, treasury and risk management solutions for the energy, commodities, corporate and financial services industries, announced that its newly developed solution, Asset Transaction Management (ATM), is now live at three leading energy clients—including Williams Midstream Partners and SemGroup—and open to the market.

EIA: US crude, petroleum product exports rising, trends vary across products

US total crude oil and petroleum product exports more than doubled from 2.4 MMbpd in 2010 to 5.2 MMbpd in 2016. While exports of distillate, gasoline, propane and crude oil have all contributed to the increase, growth rates and market drivers for each product have varied during this period.

Braskem to invest $675 MM in 6th US-based polypropylene plant

BRASILIA (Reuters) — Braskem SA, Latin America's largest petrochemical company, will invest $675 MM to build a sixth US-based polypropylene-production plant, the company said on Wednesday.

Oil to keep flowing in Dakota line while legal battle continues

WASHINGTON (Reuters) — Oil will continue to flow through the Dakota Access Pipeline through the summer while authorities conduct additional review of the environmental impact, after a judge on Wednesday ordered more hearings in coming months.

Dow, 1QBit announce collaboration agreement on quantum computing

MIDLAND, Mich. — The Dow Chemical Company and 1QB Information Technologies (1QBit) announced a collaboration agreement to develop quantum computing tools for the chemicals and materials science technology spaces. The two companies will accelerate the deployment of quantum computing across a range of applications relevant to the chemical sector.

HUG ’17: Honeywell connects processes, assets and people

Andrew, Bob, Hydrocarbon Processing Staff

SAN ANTONIO, Texas — Honeywell Process Solutions (HPS) presented in depth their “Connected Plant” strategy and offerings during the second day of the Honeywell Users Group Meeting 2017. Key to differentiating this solution suite is how their branding covers three domains: Connected Process … Connected Assets … Connected People.”

Oil headed for weakest first-half performance in two decades

LONDON (Reuters) — Oil was mostly flat on Wednesday, after paring earlier losses, but was set for its biggest price drop in the first half of the year since 1997, a sign that investors are discounting evidence that major producers are sticking to a deal to cut output.

Deployment of digital infrastructure in chemical plants transforms industry

SANTA CLARA, Calif. — The manufacturing approach in the chemicals industry is rapidly changing to meet increasing demand for customized and specialty products over commodity chemicals.

Honeywell introduces real-time SCADA as a secure and scalable service

SAN ANTONIO, Texas — Honeywell Process Solutions (HPS) announced the launch of Experion Elevate, a real-time process supervisory control and data acquisition (SCADA) solution delivered as a secure and scalable service.

EIA: Growing octane needs widen price difference between premium, regular gasoline

The difference between US average retail prices for premium and regular gasoline reached 50 cents/gal in late 2016, and it has remained near that level so far in 2017. This price difference, or spread, has been generally increasing since 2000. Many factors on both the supply and demand sides are influencing this trend.