Economics

EIA: US export to Mexico value more than twice import value in 2016

Energy trade between Mexico and the United States has historically been driven by Mexico’s sales of crude oil to the United States and by US net exports of refined petroleum products to Mexico. Through 2014, Mexico’s exports of crude oil to the United States were the most valuable component of bilateral energy trade, with the overall value of Mexico’s US crude oil sales far exceeding the value of US net sales of petroleum products, primarily gasoline and diesel fuel, to Mexico. From 2006 through 2010, for example, the value of US energy imports from Mexico were two to three times greater than the value of US energy exports to Mexico.

IEA: The changing landscape of energy investment

As the global energy sector undergoes deep transformations, investment decisions are more important than ever. They play a critical role for energy security and environmental sustainability and will shape the energy landscape for years to come.

Business Trends: Anticipated market and pricing impacts from new marine fuel regulations

Tallett, M., Witmer, T., Dunbar, D., EnSys Energy; St. Amand, D., Navigistics Consulting

In October 2016, the International Maritime Organization (IMO) announced that it will implement a new regulation that calls for the sulfur content in marine fuels to be reduced from 3.5% to 0.5%. The new regulation will go into effect in January 2020. This action by the IMO will have a profound impact on the maritime and refining industries worldwide, as well as on the environment. This month’s Business Trends section provides an overview on the anticipated impacts of the IMO’s decision on petroleum product markets.

Global: Is India ready for the BS-6 changeover?

Kanwar, R., Contributing Writer

India is the seventh-largest country in the world by land mass. Urbanization is taking place at a rapid pace: According to the country’s 2011 census, more than 377 MM Indians live in nearly 8,000 towns and cities. This count represents more than 31% of the country’s total population.

Refining: Europe’s refineries: Walking dead or happy valley?

Mars, T., Opportune LLP

Unloved and increasingly unneeded, Europe’s oil refining sector has been under duress for an astonishing four decades.

Automation Strategies: Next-gen automation services support operational excellence and reduce project cost

O'Brien, L., ARC Advisory Group

Major suppliers are expanding their automation-related service capabilities from project and engineering services through services for operations and maintenance. This is happening partly in response to overall automation market conditions, but largely in response to evolving user challenges and requirements.

Use the right model to unlock utility system potential

Gómez-Prado, J., Hutton, D., KBC Process Technology Ltd.

Although we have entered a new era of low energy prices, energy still represents one of the largest, but most easily managed, operating costs in the hydrocarbon industries.

Reduce coke formation and save operating costs with optimization of DMDS into ethane cracking furnaces

Hay, G., Rasouli, G., Carbognani-Arambarri, L., Virtual Materials Group Inc.; Suzuki, R., Urata, K., Inoue, M., JX Nippon

Steam cracking furnaces produce olefins, which are high-value feeds in the petrochemical industry. Coke formation is an unavoidable part of a thermal cracking furnace.

Commercialization of pyrolysis oil in existing refineries—Part 1

Arbogast, S., Bellman, D., Paynter, D., Wykowski, J., AOTA Energy Consultants LLC

In Part 1 of this article, the incentives and information needed to relax the constraints of being O2-free are outlined. The authors hope that this perspective provides new directions for improving the economics of using pyoil to produce advanced biofuels (ABFs).

Engineering Case Histories: Case 94: Why mentors are important for industry

Sofronas, T., Consulting Engineer

When I started working in industry 50 years ago, it was management’s job to have a senior engineer watch over my work. Much of the quality of my analytical work and technical discipline were formed early in my career with help from these engineers.