Construction is where the rubber meets the road. This phase historically is the most challenging time of the project, often characterized by problems with high levels of urgency and difficulty.
COIM, a specialty chemical company, decided to expand its production capacity in the U.S. to supplement growing market and economy.
Each year, Hydrocarbon Processing devotes a Special Focus section to the latest advancements in petrochemical technology, as well as best practices, reliability and safety to ensure efficient and optimized petrochemical operations.
In December 2019, Hydrocarbon Processing's launched its new podcast series: The Main Column. The podcast series will feature the latest in hydrocarbon processing industry (HPI) trends, technology developments, engineering and operations.
With the ever-increasing speed of technology innovation around the Industrial Internet of Things (IIoT) and cloud offerings, industrial manufacturers are evaluating how these new solutions can impact their daily operations. Specifically, they are looking at how these innovations enable real-time, actionable insights across processes, assets and the workforce. These insights allow for quicker and more informed decisions, thereby driving efficiency and profitability.
The science of project planning has something of a tenuous reputation. How often do large oil and gas capital expenditure (CAPEX) projects really come in according to plan? Almost never. Indeed, 30% of respondents to a 2018 PWC survey said they had experienced cost overruns of 10%–50% on their Middle East capital projects.
The skills gap is not a new phenomenon for the oil and gas sector. An aging workforce and increased competition for tomorrow’s technical talent have left the industry nervous about its future. On the heels of the 2019 Global Energy Talent Index (GETI), a panel of experts came together to discuss the sector’s ongoing struggle with the skills gap and what oil and gas/energy companies can do about it.
The state of the global engineering, procurement and construction (EPC) industry can accurately be described as “challenging.” Operating in an environment of volatile, uncertain, complex and ambiguous conditions, EPC firms are facing unsustainable levels of stress.
RAM refers to reliability, availability and maintainability analysis. The RAM model uses discrete event simulation (DES) software and provides a quantitative assessment of the performance of an industrial plant. This article discusses the use of RAM analysis on petroleum refinery projects to select an optimum process configuration and associated storage requirements.