Refining
US energy stocks, darlings last year, stumble in 2017
NEW YORK (Reuters) -- The energy sector is the stock market's dud so far in 2017 after a banner performance in 2016, and the rest of the year may also be rocky for investors due to the unclear path for crude oil prices.
Asia fuel oil: Buyers re-emerge to narrow cash discounts, spreads sag
DUBAI (Reuters) -- Buyers of physical cargoes re-emerged in the Platts window on Monday helping narrow cash discounts of Asia's 380-cst fuel oil, but a prevalence of bearish sentiment in the paper markets weighed on near-dated time spreads of the fuel.
PetroChina Dalian refinery exports first Australian-spec diesel cargo
BEIJING (Reuters) -- PetroChina's Dalian oil refinery exported on Feb. 27 a 40,000 t cargo of diesel fuel with that met Australian fuel quality specifications, the first shipment of its kind from China, according to a statement posted on the website of the state assets regulator on Monday.
Guyana says future oil output could be refined in Trinidad, Suriname
GEORGETOWN (Reuters) -- The South American nation of Guyana could send future oil production to Trinidad and Tobago or Suriname for refining, a government official said on Thursday.
China's largest 'teapot' refiner, CEFC team up in Shandong oil terminal venture
BEIJING (Reuters) -- Dongming Petrochemical, China's largest independent or 'teapot' refiner, has signed a deal with privately run CEFC China Energy and a local port authority to build a crude oil terminal in Shandong province, seeking to ease a logistics bottleneck gripping the country's teapot oil sector.
Industry Metrics
The European market saw stronger domestic demand amid gasoline export opportunities to West Africa and higher volumes of naphtha and fuel oil to Asia, fed by continued strong demand in that region. After recovery from the impact of the Colonial Pipeline outage, US refinery runs have risen, mainly in the USGC, taking advantage of stronger export opportunities and ahead of the spring maintenance season.
Business Trends: Africa—Will increasing demand spark downstream capacity builds?
Over the past decade, Africa’s oil demand has increased by more than 1 MMbpd, to nearly 3.9 MMbpd. Africa’s oil production is more than double the amount it consumes, but lack of investment, failing infrastructure and inadequate refining capacity force the continent to rely on imports to satisfy increasing fuel demand.
Alternatives to flare gas recovery for sour refinery flare gas
For many sour gas streams present in a flare header, less expensive options than flare gas recovery may exist. The compressors, liquids management, downstream treating and other systems required for flare gas recovery (FGR) can be expensive to install and/or operate reliably. Some refineries allow the flaring of sweet gases.
Vibration studies offer valuable lessons for correcting problematic operations
All plants have a vibration monitoring program for rotating equipment. Portable instruments measure vibration at the bearing housing of machines at horizontal (x), vertical (y) and axial (z) directions. The frequency spectrum helps diagnose the causes of vibration.
Advance analytics to keep pace with production
Predicting the state of the energy industry a year or two from now is difficult. At best, potential scenarios can be envisioned, as in the International Energy Agency’s (IEA) World Energy Outlook 2016. Through this analysis of data and market reports, the IEA casts its projections for different scenarios to the year 2040. The IEA expects the fastest growth to occur in renewable energy, given recent climate pledges by global governments.
- OCI Global completes $1.9-B sale of OCI Methanol to Methanex Corporation 6/30
- Partnership for sustainability: Pekutherm and POLYVANTIS launch circular economy initiative 6/30
- Univation Technologies and C3 AI collaborate to deliver enterprise AI solutions for advanced predictive maintenance across the global petrochemical industry 6/30
- Lloyd’s Register signs strategic collaboration with DAI Infrastruktur for green ammonia Project Ra 6/30
- Alleima expands product portfolio for the urea industry with SAF™ 2906 6/30
- UK's Lindsey oil refinery insolvent, 420 jobs at risk 6/30
