Refining

Imubit has launched the process industry’s first closed loop AI optimisation solution powered by reinforcement learning to aid industrial challenges.

TransTech Group’s subsidiary, Metalforms, has acquired the North American business of Koch Heat Transfer.

GlobalData says that the oil and gas industry is slowing their energy transition pursuit as the focus shifts back to fossil fuels.

Sulzer has opened a new service centre in Europe to boost the process industry resilience.

More jet fuel has been in US West Coast inventories than over the previous five years for 29 out of 35 weeks so far in 2024, according to the US Energy Information Administration's (EIA) Weekly Petroleum Status Report (WPSR).

KBC (A Yokogawa Company) has announced its acquisition of Flaretot® Ltd, a leading simulation software provider specialising in the design and evaluation of flare systems for hydrocarbon processing plants.

MAIRE has announced that NEXTCHEM, through its subsidiary NextChem Tech, has been awarded by SOCAR two contracts to upgrade and expand the capacity of the Heydar Aliyev Oil Refinery (HAOR) industrial complex in Baku, Azerbaijan.

Axens has been awarded by Shell Deutschland GmbH the Engineering, Procurement and Fabrication contract to supply electrical tubular heater for Shell’s base oil distillation unit in Wesseling, Germany.

NewEnergyBlue, the clean-technology designer of biomass refineries that turn agricultural waste into decarbonised biofuels and biochemicals, has finalised its purchase of Inbicon biomass-conversion technology from Ørsted.

KBR has been awarded a contract for its ROSE® supercritical solvent de-asphalting (SDA) technology from Zhejiang Petroleum & Chemical Co. Ltd. (ZPC), a subsidiary of Rongsheng Petrochemical Co. Ltd. in China.

The US Energy Information Administration (EIA) expects that Brent crude oil prices will return to above US$80/bbl this month, after dipping to US$73/bbl on 6 September.

Operators of offshore, refinery and pipeline equipment are being encouraged to adopt new Artificial Intelligence (AI) technology, which can help reduce time and cost in the general inspection of critical plant and equipment.

EET Fuels (trading name of Essar Oil (UK) Ltd), which plans to create the world’s leading low-carbon process refinery, has progressed to the front-end engineering design (FEED) stage of its industrial carbon capture (ICC) project.

In 2022, energy expenditures – or the amount of money US consumers spent on energy – increased 22% from 2021 to more than US$1.7 trillion when adjusted for inflation, according to the US Energy Information Administration's (EIA) State Energy Data System (SEDS).

Shell and Akselos have signed an enterprise agreement for structural performance management.