Parker Delivers GT Inlet Filter Houses to Golden Pass
Kansas, USA - As the USA continues the switch from net importer to net exporter of natural gas, it needs to significantly expand its LNG (liquefied natural gas) export capabilities and infrastructure. As part of this ongoing growth, Parker has recently supplied a total of six gas turbine (GT) filter houses to support the new Golden Pass liquefaction and export terminal currently under construction in Sabine Pass, Texas. The project, due to start exporting from the Gulf Coast in 2024, will delive...
Oil demand likely to grow despite pandemic, study says
HOUSTON – The COVID-19 pandemic has significantly affected both consumer and commercial transportation, but global oil demand will probably continue to grow through 2030, according to a new study. Columbia University’s Center on Global Energy Policy and the University of California, Davis Institute of Transportation Studies studied four scenarios to understand how COVID-19 and other political, economic, social and technological drivers may impact transportation activity and global oil demand...
5 largest oil and gas companies' 2020 revenue drops 30% despite posting $1 trillion in sales
Although the coronavirus pandemic heavily impacted the energy sector in 2020, some of the leading companies under the oil and gas category still posted impressive revenues. However, the companies are yet to hit their pre-pandemic levels as the economic recovery continues. Data acquired by Finbold indicates that the five largest oil and gas companies recorded a cumulative revenue of $1.14 trillion in 2020, representing a loss of about 30.9% or $500 billion from the 2019 figure of $1.65 trillio...
Asia spearheads global refinery FCCU capacity additions through 2025, reveals GlobalData
Asia is expected to register the highest refinery fluid catalytic cracking units (FCCU) capacity additions globally during 2021 to 2025, contributing about 56% of the total capacity additions by 2025, says GlobalData, a leading data, and analytics company. GlobalData’s report, ‘Global Refinery Fluid Catalytic Cracking Units (FCCU) Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Fluid Catalytic Cracking Units’, reveals that Asia is likely t...
GECF to unveil latest edition of flagship publication ‘Global Gas Outlook 2050’
Doha, QATAR : The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing nations, will be launching the latest edition of its flagship GECF Global Gas Outlook 2050 (GGO) on 15 February at 15:00hrs Doha time, with the presence of energy stakeholders from around the world. As in previous years, the 2020 edition of the sought-after publication will encompass the full sweep of the gas industry as it reinforces its reputation as the only outlook in the world on natu...
Siemens Energy and Bentley Systems Introduce Asset Performance Management Solution for Oil and Gas Operators
Solution combines Bentley Systems Inc.’s asset performance software capabilities with Siemens Energy’s oil and gas equipment expertise Enhances equipment uptime and reliability while reducing maintenance costs and safety risks Siemens Energy and Bentley Systems, Inc. (Bentley) have announced a joint solution that delivers intelligent analytics derived from domain experience to reduce operating expenditures associated with oil and gas assets. The new service, known as Asset Performanc...
Growing Demand for Greasezilla System as FOG Separation Technology Expands into New Vertical and International Markets
LANSING, W.Va. – May 4, 2020 – Downey Ridge Environmental Company, developer of Greasezilla™, reports its installed base is expanding beyond its traditional wastewater treatment and grease trap waste hauling sectors and into the biodiesel production, anaerobic digestion, food processing and water reclamation industries. As the leading clean technology in commercial Fats, Oil and Grease (FOG) separation, the Greasezilla hydronic thermal separation system is increasingly becoming a “front-end” pro...
Tight spaces tip presence of petrochemicals
Rice engineers’ study reveals critical role of molecular confinement in interpreting NMR HOUSTON – Rice University engineers have put to rest a long-held theory about the detection of oil and gas that hides inside the nanoscale pores of shale formations. The Rice researchers determined that puzzling indicators from nuclear magnetic resonance (NMR) tools are not due, as thought, to the paramagnetic properties of the rock but solely to the size of the space that traps the petrochemicals....
Crude Oil Plummets to 18-Year Low
Source: Refinitiv Eikon Desperate Times, Desperate Measures Today US WTI Crude oil prices dropped below $20 and have seen the lowest price since 2002. It’s impossible to predict where the prices will go from here, but as demand continues to weaken and the clash between Saudi Arabia and Russia continue, lower seems likely. With the US and China struggling with COVID-19 and the repercussions on the Supply Chain, the world’s two biggest oil consumers are not looking at a recovery a...
New ASCE Publication Provides Safety Recommendations for New and Existing Petrochemical Facilities
Reston, Va. – Seismic Evaluation and Design of Petrochemical and Other Industrial Facilities, Third Edition, provides practical recommendations affecting the safety of new and existing petrochemical and other industrial facilities during and following an earthquake. In the area of new design, this book emphasizes the interpretation of building codes' intent and gives practical guidance on design details and considerations, which are not included in building codes. For existing facilities, eva...