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Crude oil

HP Impact: Bipartisan fuel policy recommendations for US Congress

Hydrocarbon Processing Staff: Thinnes, Billy

A bipartisan group called the US Energy Security Council, comprising former military, business and political leaders, has issued policy recommendations for the US Congress as it grapples with fuel-rel..

HP Forecast: HPI Market Data 2014 Executive Summary

Hydrocarbon Processing Staff: Romanow, Stephany  |  DuBose, Ben  |  Blume, Adrienne

This summary provides a "sneak peek" at Hydrocarbon Processing's HPI Market Data 2014. This comprehensive report investigates present and projected future trends in refining, natural gas and petrochemical industries. Topics include spending forecasts and construction projects derived from HP's Construction Boxscore database; global and regional changes in energy production and use; and developments in oil and natural gas processing. HPI Market Data 2014 also covers trends in economics, plant safety and the environment. This annual report is the hydrocarbon processing industry's premier source of market information for professionals working in the downstream.

HP Innovations

Hydrocarbon Processing Staff: Blume, Adrienne

Software combines crude management with designInvensys released its integrated Spiral CrudeSuite crude oil knowledge-management software (Fig. 1) with its SimSci PRO/II design and ROMeo optimization s..

API economist touts low US energy costs, calls for reduced regulations

API chief economist John Felmy told reporters during a Friday press conference that while US energy costs are down, more can be done from the nation, policy-wise, to help its domestic consumers.

Petrofac picks CB&I to build oil storage tanks for grassroots Saudi refinery

The project scope for the $70 million contract includes the engineering, procurement and construction of crude oil storage tanks at a grassroots refinery being constructed in Saudi Arabia.

Calumet expands crude logistics network to supply South Texas refinery

As a result of this agreement, Calumet expects to significantly reduce its costs to transport crude oil to the San Antonio refinery, where it currently receives crude oil deliveries by truck. Over time, Calumet expects to increase the volume of crude oil shipped on the KNPS above 10,000 bpd.

HP Industry Perspectives: Is it too early to be optimistic for 2014?

Hydrocarbon Processing Staff: Romanow, Stephany

The increased availability of natural gas supplies are redefining energy conditions. New natural gas reserves are shifting the order for producing nations. Shale gas reserves, once difficult to extrac..

HP Brief

Hydrocarbon Processing Staff: Thinnes, Billy

LNG terminal to be built in Uruguay GDF Suez has signed a 15-year contract with Gas Sayago for LNG storage and regasification services in Uruguay. Commercial operation of the new terminal is expected ..

US oil, gas M&A activity led by foreign buyers, private equity groups

Foreign buyers announced nine deals in the third quarter of 2013, which contributed $2.8 billion or 17% of total deal value, vs. four deals valued at $4 billion during the same period last year. On a sequential basis from the second quarter, the number of total deals increased 800% from just one foreign deal.

WGL ’13: Keynote speaker pushes women in energy to innovate

Hydrocarbon Processing Staff: Adrienne Blume

Innovation is key to keeping the energy sector at the forefront of US economic growth, and more of this innovation must come from women, says Amity Shlaes, a project director at the George W. Bush Institute.