Refining
CERAWeek '12: Energy industry can be key economic engine - study
A new study says the energy industry has the potential to be a key engine of economic growth and recovery after proving resilient throughout the recent recession compared with other sectors.
Fluor to design, build Joule US renewable fuel plant
Fluor was awarded an engineering, procurement and construction management (EPCM) contract by Joule to design and build a renewable fuel production facility in New Mexico. Financial details were not disclosed.
Car accident shuts major US oil pipeline for days
A major oil pipeline will be shut down for several days after a spill and fire near Chicago caused by a freak car accident. The pipeline was shut down within hours of the accident early Saturday morning and will remain shut down until Thursday morning, an Enbridge spokeswoman said.
BP reaches $7.8bn settlement over Gulf oil spill
BP says it has reached a settlement with the Plaintiffs' Steering Committee (PSC), subject to final written agreement, to resolve the majority of economic loss and medical claims stemming from the Deepwater Horizon accident and oil spill. The cost is approximately $7.8 billion, the company said.
Pakistan rejects US call to drop Iran gas pipeline
Pakistan isn't shying away from a fight with the US over Washington's threat of sanctions if Islamabad continues to push ahead with plans for a gas pipeline to Iran. New Delhi, too, has argued that it needs Iranian crude oil to meet its energy needs, despite pressure from the US to cut back.
BP shuts down Alaska oil processing hub after fire
BP said late Thursday it has shut down an oil-processing center at Alaska's Prudhoe Bay oil field, following a fire. No one was injured and the fire extinguished itself, according to the company. Fire crews found little or no damage inside the building, but facility managers decided to shut down the plant.
Oil trader Gunvor to buy, restart Petroplus refinery in Antwerp, Belgium
Oil trading and logistics company Gunvor Group said Friday it will buy the 107,500 bpd refinery that insolvent Swiss oil refiner Petroplus had shut down in Antwerp, Belgium. The deal is expected to close in six to eight weeks, the company said. Financial details were not disclosed.
Closed-loop control can clamp down on crude unit corrosion
Automating the detection process and controlling applications in real time dramatically boosts performance
Reduce CO2 in acid gas from amine-based TGTUs
Improve furnace temperature and sulfur recovery
Choose a facility configuration based on financial metrics
Linear program (LP) modeling can provide an unbiased, cost-based preview of a refinery or petrochemical plant design
- U.S. firms to develop Syria energy masterplan after Trump lifts sanctions 7/18
- Russian seaborne diesel exports for July 1–15 fall 6% month-on-month 7/18
- INEOS invests £30 MM to slash emissions at Hull site by 75% 7/18
- Mitsubishi Chemical Group invests in Licella Holdings, oil conversion technology using supercritical water 7/18
- BASF and Equinor sign 10-yr natural gas supply agreement 7/18
- Oil prices rise after new EU sanctions on Russia 7/18
