Crude oil
Business Trends: Rethinking the refining and petrochemicals industries
Crude oil has been the fundamental element of transportation fuel for many decades.
Construction
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.
Executive Viewpoint: Fuels and petrochemicals will continue to help humanity thrive
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.
Brazilian developments in the biofuels market
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.
Fluid Flow: Energy markets, product improvements drive growth in the global flowmeter market
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.
Industry Perspectives: Petrochemicals surge despite possible future roadblocks
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.
The plight of the modern refinery: Racing to meet IMO 2020 regulations
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.
HP Top Project Awards
The editors of <i>Hydrocarbon Processing</i> 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.
Improved cooling system performance begins with data
Refineries consume large amounts of energy and water to refine crude oil into products. Up to 10% of crude oil’s energy content is consumed during processing, and it takes 1.5 bbl of water to process one barrel of crude oil. Refining processes also generate large quantities of excess thermal energy that needs to be expelled into the environment using a once-through or recirculating cooling system.
Business Trends: One downstream—Strategic imperatives for the evolving refining and chemical sectors
Downstream executives will remember the present decade as a golden age for the industry, driven by low feedstock prices and healthy end-use demand.
- INEOS to invest €250 MM in Lavera cracker modernization project in France 11/19
- BASF adds ISCC EU certification to certified biomass-balanced methanol portfolio 11/19
- Siam Cement to invest an additional $500 MM in Long Son chemical complex 11/19
- LanzaJet produces first jet fuel from ethanol at a commercial scale 11/19
- Ducor Petrochemicals, Blue Circle Olefins partner to create a fully circular supply chain for polypropylene 11/18
- World's first: Air Liquide’s innovative technology converts ammonia into hydrogen at industrial scale 11/18
