Economics

Onsite

Nichols, Lee, Hydrocarbon Processing Staff

Dr. Kheng Lau, BP, presented the keynote address on using high-fidelity simulators for training on day two of Hydrocarbon Processing’s International Refining and Petrochemical Conference (IRPC) Americas.

Global Project Data

Nichols, Lee, Hydrocarbon Processing Staff

Hydrocarbon Processing’s Construction Boxscore Database is tracking more than 1,300 active projects in the hydrocarbon processing industries worldwide.

Business Trends

Newton, M., Aveva

The oil and gas industry is at a turning point.

Viewpoint—Industry 4.0: Demystifying the next big thing in oil and gas

Habibi, E., PAS Global

Until a few years ago, the term Industrial Revolution referred to the significant technological changes that began in the late 1700s with the advent of the steam engine, leading to the mechanization of work and the unprecedented economic growth and prosperity that followed.

Refining—The evolving base oil industry: The Group 1 shift

Walko, T., ExxonMobil

In April, ExxonMobil launched its 2018 Basestocks Industry Pulse Report. Supported by survey responses from 300 base oil decision makers around the world, the report reveals their own perspectives into the key market trends and industry drivers in the base oils business.

Improve refinery production and efficiency with asset monitoring

Donnangelo, M., Emerson Automation Solutions

The sheer volume of equipment in a refinery—from vessels, columns, huge structures and mazes of pipes to pumps, valves, controllers and instruments—is staggering.

Global Project Data

Nichols, Lee, Hydrocarbon Processing Staff

According to Hydrocarbon Processing’s Construction Boxscore Database, more than 320 new projects have been announced in the downstream processing industry over the past year.

Viewpoint: Reducing the sulfur shadow— Who pays the price?

Wright, S., KBC

The International Maritime Organization’s (IMO’s) 2020 regulation has been described as the most disruptive change to impact the oil industry in the past 30 yr.

Risk: Measuring margins—Avoiding complacency when the market is stable

Lamb, J., Allegro Development Corp.

When top oil marketer Geneva Energy Markets LLC liquidated its trading book holding1 “millions of barrels of open interest across crude oil, refined products and natural gas,” managing partner Mark Vonderheide emphasized the pressures and potential damage of new market regulations.

The road to successful plant modernization

Kang, H., Yokogawa Corp. of America

Any personnel working in a refinery or heavy petrochemical plant with “vintage” automation equipment are painfully aware of the effects a distributed control system (DCS) from the 1990s, 1980s or even earlier can have on operations.