Russia plans to significantly increase its oil products to foreign markets, despite the ongoing pressure of Western sanctions and the complex situation in the country’s domestic refining industry, according to recent statements by representatives of Russia’s leading oil corporations and senior officials of the country’s Ministry of Energy.
Regulations, feedstock advantages, supply/demand gaps, etc., are resulting in a surge of new capital investments around the world.
The Buncefield explosion was the worst post World War 2 fire/explosion incident.
After several years of cutting costs to align to the reality of fewer and smaller capital projects, engineering, procurement and construction (EPC) firms are now forging ahead as the industry recovers.
Hydrocarbon Processing’s Construction Boxscore Database is tracking more than 1,300 active projects in the hydrocarbon processing industries worldwide.
The oil and gas industry is no stranger to the power of Industry 4.0 solutions that aggregate sensor and planning/forecasting data into a single shared view, as well as deliver valuable analytics and real-time alerting capabilities.
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.
Resid units have more than 2 wt% Conradson carbon residue (Concarbon) in feed and more than 5,000 parts per million (ppm) of nickel (Ni) and vanadium (V) on equilibrium catalysts (Ecat).
In April, ExxonMobil launched its 2018 Basestocks Industry Pulse Report.
According to multiple industry reports, the global refining sector will add between 7 MMbpd and 8 MMbpd of new crude distillation unit (CDU) capacity by the early 2020s.