Management
Committee to decide fate of idled refinery
An advisory committee will decide the future of a 209,000-barrel-per-day refinery that remains idled amid sanctions on the operator.
Taiwan's Formosa Plastics Group says owners to reduce management role
TAIPEI (Reuters) -- Formosa Plastics Group said on Thursday it will set up a management center next month to allow the owners of one of Taiwan’s biggest conglomerates to reduce their role in the management.
Pemex could give up majority stakes in refineries
Pemex's CFO says the company is seeking partners to operate its money-losing refineries and plans to "dilute" its ownership in the plants.
Take steps to achieve lubrication maintainability
Do not accept that what the OEM delivered, or how the equipment has been configured for the past 30 years, must be maintained into the future. Optimize yourPM program and look for maintainability improvements to ensure that the right work can be performed in the right way and at the right time.
Failure prevention—The ultimate asset management strategy
The primary cause for losses and lost opportunities at refineries, chemical complexes, pipeline networks and gas processing facilities is equipment failures.
Lifting of US crude export ban will impact process safety management
Since the Arab oil embargo in the 1970s, the US government has restricted the export of crude oil to curb dependence on crude oil imports.
Reliability: Principles are more important than strategies
A number of US oil refineries have recently asked the question, “When should an equipment repair be classified as rework?”
People
Elliott Group has made changes to its executive team. Michael Lordi has been named as chief operating officer (COO), succeeding Art Titus, who is retiring after nine years.
In-depth and preemptive front-end planning yields positive project results
Despite the challenges that major projects can present (short deadlines, budget constraints and overruns, unforeseen problems onsite and tension throughout executive teams), they can also prove to be a win-win for both the owner and the engineering, procurement and construction (EPC) firm.
Reliability: Transform ODR-OPPM into a worthwhile initiative
ODR, which stands for operator-driven reliability, has recently morphed into a new arrangement of letters: OPPM.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
