Refining
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 Boxscore Construction Analysis: Will British Columbia build the greenest refineries in the world?
In our latest Boxscore Construction Analysis, we examine proposals by Kitimat Clean and Pacific Future Energy to process bitumen first and then ship those fuels to market.
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 Industry Perspectives: RFS—An endless loop
Renewable fuels remain a huge burden for the global refining industry. Today’s transportation fuels, when used with later-model vehicles, have dramatically reduced tailpipe emissions. With much p..
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 Innovations
AVEVA NET software is cloud readyAVEVA has implemented a number of improvements to AVEVA NET, its information management software (Fig. 1). Customer feedback has shown that these improvements enhance ..
US safety board identifies weak refining standards in Chevron fire review
The US agency found shortcomings in industry standards related to comprehensive inspection, effective facility upgrades, and the need for minimum safety requirements.
BP to cut Houston jobs, reduce US Gulf business
This announcement follows job cuts at Houston-based oil field service giants Schlumberger, Halliburton and Baker Hughes, which have announced a combined 17,000 employee layoffs in recent weeks.
Petrobras develops new FCCU technology to capture CO2, cut emissions
Company officials at Petrobras say this is the first pre-industrial scale FCCU to use oxy-combustion technology to capture CO2 released by industrial processes in refineries.
- JERA signs time charter agreements with NYK and MOL for fuel ammonia carriers 6/23
- Asian refiners see little room for Iranian oil, leaving China as key buyer after U.S. waiver 6/23
- Viva Energy to restart Geelong refinery this week, alkylation unit offline 6/23
- Russia discusses importing fuel amid Ukrainian strikes, Crimea restricts public life 6/23
- Brazil's Petrobras approves $1.2 billion investment for renewable fuels plant 6/22
- First batch of equipment arrives in Kazakhstan for $7.7-B Atyrau polyethylene project 6/22
