Economics
HP Editorial Comment: Take a moment and breathe
“Don’t panic” is probably the best advice for the downstream industry regarding oil prices. The upstream fully recognizes the present and short-term conditions for its business.
HP Reliability: Does Pareto’s 80/20 rule apply to reliability engineers?
In the 1970s, an oil refinery discovered that 7% of its 3,200 process pumps experienced a disproportionate share of the facility’s yearly pump outage events. Slightly over 60% of the money spent ..
HP Global: 2015 outlook for oil price and its refining sector implications
What is the oil price outlook for the next 12 months? As of early January, the price of Brent has effectively halved compared to the 2014 summer peak, similar to the price collapse of 2008. However, u..
HP Petrochemicals: Update on ethylene tube coating technology
Improving the efficiency of ethylene furnaces has been a long-time goal for olefin manufacturers. The steam cracking or pyrolysis of hydrocarbons to yield ethylene also coproduces unwanted coke that a..
HP Project Management: Outsourcing creates opportunities beyond engineering
The present “shale revolution” has generated opportunities in the engineering, procurement and construction (EPC) industry that even a few years ago would have seemed fanciful. Billions of d..
HP Viewpoint: Going our way?—How the US will benefit from natural gas and fuel cell technology
A remarkable convergence is taking place in North America, as rising natural gas production meets the growing market for both stationary fuel cells providing power to businesses and the utility grid, ..
HP Viewpoint: The data revolution
The world’s population is expected to exceed 9 B people by 2040, and the corresponding energy demand for many of these newly affluent consumers will rise similarly. For the industrial sector, mor..
HP News
Qatar Petroleum and Shell cancel $6.5-B petrochemical project in Qatar Royal Dutch Shell and Qatar Petroleum (QP) have canceled the $6.5-B Al-Karaana petrochemical project in Qatar, which will signifi..
HP Industry Metrics
Mid-January saw the continued decline of monthly average Brent crude oil prices, which fell $17/bbl from November to a monthly average of $62/bbl. The continual price decrease reflects US tight oil pr..
HP People
ABB’s board of directors unanimously nominated Peter Voser to succeed Hubertus von Grünberg as chairman.
- XRG acquires upstream stake in Vaca Muerta to support the Argentina LNG project 6/29
- Baker Hughes extends long-term service agreement with Nigeria LNG to support critical expansion project 6/29
- Technip Energies, Alterra and Neste launch Nerea, a standardized modular solution for plastic chemical recycling 6/29
- KBR technology selected for 100,000-tpy ethanol-to-jet SAF plant in Singapore 6/29
- Acelen to license Alfa Laval's HVO pre-treatment technology for Brazilian biorefinery 6/29
- Mitsubishi Gas Chemical and Gold Hydrogen sign MoU to assess green methanol production in Australia 6/29
