Crude oil
Intensification of sulfur processing units by oxygen enrichment and process flowsheet optimization
The consistent global trend toward improvements in air quality and tighter regulations on emissions, as well as the International Maritime Organization’s shipping regulations, continue to mitigate sulfur levels—not only in conventional transport fuels (petrol and diesel), but also in jet fuels, fuel oils and other heavier distillates.
Industry Metrics
Refinery margins came under added pressure, affected by the downturn in product consumption inflicted by COVID-19 pandemic lockdowns.
Business Trends
Rovuma LNG, a JV comprised of ExxonMobil, Eni and China National Petroleum Corp., will likely delay its final investment decision (FID) on the group’s $30-B Mozambique LNG project.
Rapid crude yield: Merging DHAFE with HTSD
Rapid crude yield (RCY) combines a detailed hydrocarbon analysis of the front end (DHAFE) with high-temperature simulated distillation (HTSD), creating a true boiling point (TBP) curve for a crude oil sample.
Refining: Despite decline, Group 1 base stocks are here to stay
Given increasingly stringent automotive specifications and the advent of the International Maritime Organization’s 2020 sulfur regulations, the continued decrease in Group I base stocks demand should come as no surprise for anyone in the industry.
Octane enhancement avoiding both high reformer severity and alkylation
An innovative refinery process arrangementa converts butane-rich, light paraffinic streams—preferably containing a high proportion of isobutane—into butylene by dehydrogenation.
Safety: Where foresight replaces hindsight: How AI impacts the future of oil and gas safety
According to the International Association of Oil and Gas Producers (IOGP), there were 31 fatal incidents across the industry in 2018.
Design of very-high-flow coefficient centrifugal compressor stages
Centrifugal compressors are widely used in the oil and gas and petrochemical industries, with more than 15,000 operating in the U.S. alone.
Industry Metrics
High product inventory levels and weak heating oil demand continued to weigh on U.S. refining economics. European product markets, except gasoil, exhibited positive performance backed by firm exports and heavy turnarounds in the Middle East.
Business Trends: Rethinking the refining and petrochemicals industries
Crude oil has been the fundamental element of transportation fuel for many decades.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
