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Crude oil

US sees monthly increase in production, demand for refined products

“Last month saw a continuation of recent trends, with strong demand and even stronger production resulting in falling import levels,” said API chief economist John Felmy.

API launches new campaign for next generation oil and gas workforce

HP Editorial Staff: HP News

Recent reports show that job growth in oil & gas has been 40-times higher than the US economy as a whole, and near 1.3 million additional jobs could be available by 2030.

Phillips 66 buys Beaumont crude, product terminal

The Beaumont terminal is strategically located on the US Gulf Coast. It provides deep-water access with major crude oil and refined product pipelines serving 3.6 million bpd of refining capacity.

Study: GHG from US-refined crude oils unchanged by Canadian oil sands

The rise in Canadian oil sands imports was offset by declines in imports of other heavier sources of supply that have a GHG intensity within the same range as oil sands, the study says.

Automate furnace controls to improve safety and energy efficiency

Phillips 66: Mickity, D.

Furnace firing is the biggest single operating expense in any refinery. Consider a medium-size refinery (250,000 bpd) that consumes 2,000 MMBtu/h. At a cost of $5/MMBtu, that’s $87.6 MM/yr being ..

Russian straight-run fuel oil supply collapse complicates Gulf Coast feedstock choices

ESAI Energy: Reed, A.

In the next couple of years, collapsing Russian supply of straight-run fuel oil (SRFO) will undermine foreign supply of feedstock to the US Gulf Coast.

Which margin levers impact Group I and Group II base stock competitiveness? Part 1

Kline and Co., Inc.: Moncrieff, I.

As much as the lubricants industry might wish it otherwise, base stocks production is becoming more commoditized, and it is intertwined inextricably with mainstream refining operations. The vast major..

HP News

Hydrocarbon Processing Staff: Thinnes, Billy

Chemical companies honored with energy efficiency awardsThe American Chemistry Council (ACC) honored 16 of its member companies for implementing energy-efficiency improvements in 2013. The ACC present..

HP Industry Metrics

Hydrocarbon Processing Staff: Romanow, Stephany

The total liquid supply growth by non-OPEC countries continues to rise and is estimated to reach 54 million bpd (MMbpd) in 2014. Increasing crude oil supplies from North America are contributing to sh..

Study shows Bakken crude fits safety standards for current rail cars

In particular, Bakken crudes are well within the regulatory limits for pressure, flashpoint, boiling point and corrosivity for use in Department of Transportation (DOT) approved railcars.