Centrifugal compressors are widely used in the oil and gas and petrochemical industries, with more than 15,000 operating in the U.S. alone.
High product inventory levels and weak heating oil demand continued to weigh on U.S. refining economics. European product markets, except gasoil, exhibited positive performance backed by firm exports and heavy turnarounds in the Middle East.
Crude oil has been the fundamental element of transportation fuel for many decades.
Nigeria LNG (NLNG), a consortium comprised of Nigerian National Petroleum Corp. (NNPC), Shell, Total and Eni, has greenlighted the expansion of the Bonny Island LNG terminal.
Thompson, C., American Fuel & Petrochemical Manufacturers (AFPM)
A 15-yr rise in U.S. exports of refined products continued in 2019 with the nation exporting more than ever, underscoring the importance of these products to fueling a growing world. In the latter half of the last decade, U.S. petrochemical production capacity increased—with more than $20 B invested in domestic petrochemical projects in the last 2 yr alone—and exports of petrochemicals and petrochemical feedstocks rose, as well.
Since the 1970s, Brazil has been a world reference in automotive biofuels, especially bioethanol produced from sugarcane. In 1973, the Organization of the Petroleum Exporting Countries (OPEC) forced a sharp rise in oil prices, triggering a massive slowdown in the country’s economic growth, which had been going through what was dubbed the “economic miracle,” with growth at an average of 12% of GDP. This study gives an overview of the biofuel sector in Brazil, along with the main business challenges and opportunities in this area.
The size of the global flowmeter market has followed the upward and downward fluctuations in oil prices and is now on an upward trajectory, according to a new study by Flow Research that provides total global market shares of the major suppliers of each flowmeter technology (except sonar and optical) by 2018 revenues.
Over the past several years, investments in petrochemicals capacity additions have skyrocketed. Hundreds of billions of dollars have and will be invested in additional petrochemicals units and complexes.
When Kitack Lim won his second, four-year term as the Secretary General of the International Maritime Organization (IMO) in November 2018, it solidified the organization’s aggressive 2020 deadline for a global < 0.5% sulfur limit on fuel oil used onboard ships. This reduced sulfur requirement, commonly known as IMO 2020, squeezes the oil and gas industry, confounding the medium- and small-size refineries that struggle to produce low-sulfur fuel oil (LSFO), and wracking the nerves of maritime freight shippers facing volatile fuel pricing.
The editors of Hydrocarbon Processing have identified nine projects that are anticipated to significantly impact the global or regional downstream industries. The winners and nominees of the HP Top Project awards will have a considerable impact on the HPI, whether through CAPEX, satisfying domestic or regional demand, diversifying product offerings, or adding to the resurgence in refining and/or petrochemical processing capacity.