Economics
HP Industry Metrics
Oil prices continued their downward plunge throughout October and into early November. The decline is due to bearish market fundamentals accompanied by a strong US dollar. Saudi Arabia is not expected..
HP Industry Perspectives: Oil price—How low can it go?
Oil price volatility returned with a vengeance in October amid worries of slower economic growth, weakening oil demand, an unexpected increase in Libya’s output, and an indication by Saudi Arabia..
HP News
DOE study examines impacts of US LNG exports The US Department of Energy’s office of Fossil Energy (DOE/FE) recently completed a study on the impact of exporting LNG on the US energy market. Ther..
HP People
The supervisory board of BASF SE appointed Sanjeev Gandhi to the board of executive directors, effective Dec. 1. Previously, he was head of BASF’s Intermediates division since 2010 and a senior v..
Manage hydrogen sulfide hazards with chemical scavengers
Hydrogen sulfide (H2S) and its associated hazards are well known in the oil and gas production and refining industries. Legislation has been in place for years, imposing strict regulations on H2S leve..
Heater training improves safety and operations
As a part of an initiative to conserve energy and other valuable resources, an independent petroleum refiner began a two-year training program in the summer of 2013 for more than 900 operators at six ..
Environmental regulations: How much do they really cost?
Processors should instead grasp some understanding of the costs and benefits by asking themselves: “How much will these changes really cost, and what’s in it for me?”
Consider true zero-emission packing for reciprocating compressors
Especially when handling hydrogen, reciprocating compressors must provide ruggedness, operating flexibility and energy efficiency at pressures up to 3,000 psi (200 bar).
Is your plant vulnerable to a brittle fracture?
Much of the process equipment operating today was designed to construction codes that did not require a formal evaluation for low-temperature considerations. Metal temperature highly influences the fr..
Optimize olefins and aromatics production
Petrochemical yields from the FCCU is an area of increasing interest as more companies try to integrate refining and petrochemical operations.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- European Commission unveils plan to drop ICE ban in the EU 12/18
- U.S. EPA expects to finalize biofuel rules in first quarter of 2026 12/18
