Middle East
Global refined oil product demand to lag supply over next two years - IEA
More than 1 million bpd of new refining capacity is likely to come online this year, and a further 1.3 million bpd in 2013, compared with 400,000 bpd in 2011. The additions to capacity will grossly outpace demand growth for oil products, which the IEA estimates will average 800,000 bpd this year.
Aramco ships Europe fuel oil to Red Sea, eyes more
Saudi Aramco is shipping fuel oil from Northwest Europe to the Red Sea to meet Saudi Arabia's peak summer demand, taking advantage of arbitrage economics that have been favorable up until recently.
Nigeria signs $4.5bn refinery deal with US company Vulcan Energy
The deal between US-based Vulcan Energy, the Nigerian government and a local firm, aims to build six refineries with a combined capacity of 180,000 bpd, Nigeria's Trade and Investment Ministry said in a statement, which also listed the 697.5 billion naira ($4.5 billion) price tag.
Catalyst developments: The past 90 years
While catalysis has made many advances in the last 90 years, the application of new technologies developed in other areas may offer great promise for future breakthroughs.
LNG and GTL drive 50 years of technology evolution in the gas industry
The technologies needed to shape an industry transformation exist and have been proven on a large scale, the authors say.
A portrait of process safety: From its start to present day
The driving force for process safety has been primarily based on catastrophic events.
Impact of advanced engineering and design software on the HPI
Future industry innovations may include more integration of tools and information, improved hardware/software access, and the development of new energy resources.
Process control in the HPI: A not-so-sentimental journey
As long as there have been hydrocarbon processing industry (HPI) facilities to process crude oil and intermediates, there have been instruments in place to assist plant operators in measuring, recordi..
Benchmark oil, gas prices poised for divorce
In the global HPI, changing market dynamics are putting a premium on petrochemical and refining units that can crack ethane.
The military and the hydrocarbon: A love affair of over 100 years
The relationship between the military and the petroleum industry dates back to the years before World War I (WWI), when the US and British navies started to switch from coal to oil as a fuel source. M..
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