Economics
Executive Viewpoint: It was the best of times
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness…”. Fortunately, this opening line from A Tale of Two Cities does not often present itself as an appropriate analogy to the oil and gas industry. Yet, here we are.
Business Trends: The economics of reliability—An interim report on the global refining industry
What is reliability? Most people think reliability is simply a measure of failure, or lack of failure. If something runs for a longer period without failing, then it is more reliable than something that runs for less time. However, reliability is a measure of how often something performs when you want it to.
Industry Perspectives: Will capital investments increase in 2021 and beyond?
Over the past several years, the world witnessed a significant increase in downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI). However, the COVID-19 pandemic caused a significant decline in demand for transportation fuels and certain petrochemical value chains.
Executive Viewpoint: Technology to drive decarbonization of the oil and gas industry
<i>Hydrocarbon Processing</i> (HP) was pleased to speak with Thorbjoern Fors (TF), EVP of Industrial Applications, Siemens Energy, to discuss the decarbonization of the oil and gas industry and the technologies that are helping companies meet their sustainability goals.
Industry Metrics
U.S. refinery margins extended their upward trend for the fifth consecutive month, exhibiting the largest upturn relative to other regions.
Digital: ROI is the secret sauce for sustainable digital transformation
Digital transformation is a broad term that can mean vastly different things to different people.
Regional Focus: Russia looks to double petrochemicals and LPG exports by 2025
Russia hopes to become one of the world’s largest producers and exporters of petrochemicals and LPG by 2025 by doubling its domestic output and exports.
Executive Viewpoint: Interconnected neural networks drive breakthrough optimization
We have all learned that technology alone will not improve our operations.
Editorial Comment: Petrochemicals: Changing technologies and configurations to satisfy future demand
For nearly a decade, capital investments in new petrochemical capacity have skyrocketed. This
Strategies to minimize piping thermal maintenance system cost without compromising performance
Where process fluid must be maintained within a certain operating temperature window, the piping will likely require the application of a thermal maintenance system.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
