Economics

Digitalization: Maximize assets with a digital investment framework for oil and gas

Shong, F., Chung, W., Thapar, R., EY Oil and Gas, Ernst & Young LLP

Oil and gas investments are diversifying as the industry leans toward a more digitally conducive environment. Asset analysis was initially evaluated based on an asset’s technical parameters, pricing and operationality. In this new digital world, however, variables such as service quality, innovation, compliance, flexibility and scalability require quantification. Refinery data continues to be critical to evaluate investments, but is often incomplete.

Construction

Nichols, Lee, Hydrocarbon Processing Staff

Total plans to take a final investment decision (FID) on the Nigeria LNG expansion project by the end of this year. If greenlighted, the 7-MMtpy LNG train would increase the Bonny Island LNG terminal’s capacity to nearly 30 MMtpy. If built, Train 7 is expected to be operational by 2023.

Editorial Comment: Honoring the industry’s best … take 2!

Nichols, Lee, Hydrocarbon Processing Staff

Due to Tropical Storm Imelda, Hydrocarbon Processing issued its first force majeure in postponing the third annual HP Awards.

FCC catalyst deactivation studies to mimic refinery conditions for high-propylene applications

The fluid catalytic cracking unit (FCCU) is a conversion unit located at the heart of many refineries. Its main purpose is to crack crude oil-derived feedstocks into valuable liquid products, primarily LPGs (propylene and butylenes), and gasoline and light-cycle oil (LCO) precursors. The process uses a fluidizable catalyst, comprising an alumina-silica framework and tailored for each refinery to meet its specific needs. Often, the changing of a catalyst includes catalyst testing evaluations, employed by about 50% of the FCCUs in the world. The testing process is cumbersome, in which multiple methods are available to refineries.

Hydrocarbon Processing Awards Winners

Hydrocarbon Processing, the downstream processing sector’s leading technical publication, has announced the winners for its third annual awards. The HP Awards celebrate innovative technologies and people that have been instrumental in improving facility operations over the past year.

Business Trends: One downstream—Strategic imperatives for the evolving refining and chemical sectors

Dickson, D., Slaughter, A., Deloitte Services; Mittal, A., Deloitte Services LP

Downstream executives will remember the present decade as a golden age for the industry, driven by low feedstock prices and healthy end-use demand.

Industry Perspectives: Hydrocarbon Processing honored with industry award nominations

Nichols, Lee, Hydrocarbon Processing Staff

In early September, Hydrocarbon Processing staff learned that the publication was nominated for several publishing awards by Folio magazine.

Energy savings opportunities in unifining, CCR and benzene removal units

Kahraman, K., Tüpraş

Opportunities are always available to decrease energy consumption in process units.

From traditional to green refinery: The transformation of Eni’s Gela plant

The need for a more sustainable energy mix is setting a challenge for refinery operators.

Diversifying the future: Incentives for worldwide adoption of renewable fuels and chemicals—Part 1

Bio-based, renewable fuels and chemicals can reduce the environmental footprint of maintaining global transportation and product demands, while also supplementing traditional fossil fuels in a global environment with increasing energy demand.