Crude oil
South Africa eyes new refinery to process Iran’s oil
Plans for the new refinery are being conceptualized, according to Tseliso Maqubela, the deputy director general for petroleum and petroleum products regulation at the nation's energy ministry.
ExxonMobil to build Singapore synthetic lube plant
When completed in the second half of 2017, the new ExxonMobil facility will be the only plant in the Asia-Pacific region producing Mobil 1, the world’s leading synthetic motor oil.
API: New EIA report shows US crude oil exports could lower fuel costs
“The EIA report provides a final, non-partisan confirmation that ‘70s-era trade restrictions on US oil are bad for American consumers,” said Kyle Isakower, the API's vice president of regulatory and economic policy.
Unload the SRU to reduce operating costs and plugging problems
The SWAATS process can unload SRU capacity and reduce plugging problems and operating costs in a safer and environmentally-friendly way, especially as refiners find rising amounts of ammonia and SWSG.
Enabling the refinery of the future—Safety first
Within this “new” economy, automation systems must be capable of delivering new levels of productivity and scalability, while ensuring safety, managing globalizations and addressing new workforce demographics.
Central America: A downstream outlook to 2020
Due to the growth in the region’s middle class, Latin America has seen tremendous petroleum products demand growth over the past decade.
Improve refinery flexibility and responsiveness
The hydrocarbon processing industry (HPI) has changed significantly with an abundance of available discounted crude oils, a rise in markets served beyond the traditional local or regional demands, and a renewed focus on being both competitive and profitable while complying with ever-changing regulations.
Bitumen partial and targeted upgrading: The next step
Alberta, Canada oil sands production is projected to reach 3.2 MMbpd by 2020 and to further increase by 2030, to about 5.2 MMbpd.
HP Editorial Comment: Is the global refining sector growing toward overcapacity?
The global refining sector has been a bright spot for the oil and gas industry for nearly a year.
HP Business Trends
To satisfy its growing refined fuel demand, Latin America has relied heavily on imports from the US. Major refinery projects have been announced to curb this reliance, but the drop in crude oil prices has limited capacity expansions.
- The Shipping Corporation of India and Mazagon Dock Shipbuilders sign contract for methanol dual fuel platform supply vessel 3/20
- Technip Energies invests in Verso Energy’s DEZiR eSAF project in Rouen 3/20
- Honeywell’s commercial launch of AI-powered control room assistant follows successful pilot 3/20
- Serbia secures U.S. sanctions waiver for its NIS oil firm 3/20
- Tanker carrying fuel originally bound for Cuba diverts to Trinidad 3/20
- Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices 3/20
