Refining

Digital: Transitioning from the spreadsheet to the Cloud

Renick, J., GE Digital

The Industrial Internet of Things is expected to create a $225-B market by 2020, opening new opportunities for industrial organizations related to data and asset management.

Editorial Comment: Optimizing our message to the oil and gas industry

Nichols, Lee, Hydrocarbon Processing Staff

The pages of Hydrocarbon Processing contain numerous case studies, techniques, advice and step-by-step approaches to optimizing downstream operations. These elements have been the focus of the magazine for the last 95 yr.

CFD study of mixing performance of redistribution systems for packed columns

The maldistribution of liquid flow within long packed beds is a well-known phenomenon in distillation and absorption columns. In a packed column, the maldistribution of liquid results in differences in liquid concentration across the column.

ADNOC, OMV sign MoU to support company’s downstream growth

ABU DHABI, UAE — His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the Austrian Federal Chancellor H.E. Christian Kern witnessed the signing of a Memorandum of Understanding between Abu Dhabi National Oil Company (ADNOC) and OMV AG (OMV).

Motiva says it's poised to embark on growth journey

HOUSTON — Following announcements at the Saudi-US CEO Forum earlier this week, Motiva Enterprises LLC confirms it has embarked on a growth journey to become the safest and most profitable downstream business in the US.

OPEC's iron grip on oil slides as US shale charges forward

Blume, Adrienne, Hydrocarbon Processing Staff

At OPEC's recent meeting in Vienna, the Saudi-led oil cartel opted to extend its crude oil production cut by nine months to March 2018. Early approval by Iran—OPEC's second-largest producer—added weight to the decision.

OPEC oil cut extension renews Asia's crude supply worries

SINGAPORE (Reuters) — The OPEC-led decision to extend a production cut to March 2018 disappointed financial investors, prompting an exit from oil futures markets, while refiners in Asia were mostly concerned with whether it meant they would need to go hunting for crude.

Big drop in US oil stocks finally on the way, traders say

NEW YORK (Reuters) — Oil traders and analysts are expecting large volumes of crude to draw from storage tanks across the United States in coming weeks, in what would be the most tangible sign of an inventory overhang reduction that has punished prices over the last two years.

China's teapot refiners set to slow crude imports as tanks overflow

BEIJING/SINGAPORE (Reuters) — As OPEC extends production cuts in a bid to tighten the oil market, China's independent refiners—awash with crude and facing disappointing local demand—are poised to slow purchases of oil for at least the next two months.

South Africa wants Sinopec to retain refinery capacity

CAPE TOWN (Reuters) — South Africa is in talks with China's Sinopec about its takeover of Chevron Corp's Cape Town refinery as it wants to ensure its production capacity is retained and enhanced, Economic Development Minister Ebrahim Patel said on Thursday.