Economics
EIA: Supply issues, compliance costs drive up California (U.S.) fuel prices
Drivers in California pay higher prices at the pump than any other state in the country due to supply issues, costs from environmental compliance and fuel requirements, and high state taxes and fees,
Vioneo appoints Wood to design world’s first industrial scale fossil-free plastics facility
Vioneo has awarded Wood a contract to deliver the front-end engineering design for its revolutionary plant which will produce fossil-free plastics using green methanol.
Sunoco to acquire Parkland in $9-B deal as Americas fuel market consolidates
Sunoco will buy Canada-based Parkland in a deal valued at about $9.1 billion, including debt in a move the companies said would create the largest independent fuel distributor in the Americas.
Hydrocarbon value chain optimization: Non-CAPEX opportunities to improve gross margins for the downstream sector—Part 2
Part 2 will outline additional opportunities across quality giveaway reduction, hydrocarbon loss measurement, refinery mass balance and energy management in downstream functions without the need for capital expenditure (CAPEX) or software infrastructure upgrades.
Methanex announces the successful restart of 1.8-MMtpy Geismar 3 plant in Louisiana (U.S.)
Methanex Corporation announced that its 1.8-MMtpy methanol plant, Geismar 3 (G3), in Geismar, Louisiana (U.S.) has successfully restarted and begun producing methanol following an unplanned outage in late February.
Canada's Imperial Oil posts rise in quarterly profit on stronger refining margins
Canadian oil producer Imperial Oil posted a rise in first-quarter profit on Friday, driven primarily by stronger margins in its refining and fuel sales business, sending its U.S.-listed shares up nearly 6% before the bell.
Manage reliability and asset management performance by implementing a reliable operations committee program
This article examines how the author's company instituted a reliable operations committee program at its refinery in Yanbu, Saudi Arabia. The main goal of the program is to oversee the implementation and performance of maintenance and reliability programs to ensure a culture of optimum reliability and endorse new initiatives and programs that enhance maintenance performance in the facility.
Harness the power of asset performance management to transform reliability
As the energy industry navigates the shifting energy landscape and macroeconomic uncertainties, it must adopt collaborative and innovative solutions to enhance the productivity and quality of value chain operations, while also remaining focused on efficiency improvement projects that protect the bottom line. Spurred by this need for increased resilience and recent advancements in artificial intelligence, the market is seeing growth in the deployment of asset performance management (APM) solutions.
Synergize FCCUs and hydrocracking processing units to maximize refining margins—Part 2
Part 1 of this article appeared in the February issue. Part 2 here will explore the role of FCC and hydrocracking in crude-to-chemicals and the challenge of cracked feeds, among other topics.
Heat exchanger modifications during hydrocracking and lube oil basestock units’ revamp at BPCL’s Mumbai refinery
This article provides insights into several possibilities for modifying heat exchangers that will help refinery owners/operators and consultants to plan similar revamp activities.
- Envision Energy powers world's first green marine ammonia bunkering 7/25
- New catalyst breakthrough could make clean ammonia easier to produce 7/25
- U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses 7/25
- CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions 7/25
- PetroChina makes FID for new northeast refinery complex 7/25
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
