Refining

Expanding margins have provided a much needed boost to profits in the low oil price environment, particularly for large integrated operators.

Recent expansion of the global crude oil and petroleum product tanker fleet has resulted in falling or lower tanker rates for much of 2016, according to the EIA.

Honeywell and Flowserve will collaborate to provide Industrial Internet of Things (IIoT) solutions to help industrial customers make their operations, safer, more efficient and more reliable.

Allied Reliability and T.F. Hudgins have announced that their companies will merge.

Mexico’s wide ranging energy reform, which began in 2013, is expected to reverse the country’s declining oil production and increase the share of renewables in the power sector.

Since 2010, the Biennial Valve World Conference & Exhibition has been held at the Düsseldorf Exhibition Centre.

OPGAL has announced the launch of its EyeCGas CO2 and CO products.

Tessella has announced the promotion of Ray Hall to Energy Sector Director.

Voith has announced the release of its new Robust TripCon Trip Block.

Emerson has announced it is targeting US$1 trillion in industry losses with its operational certainty programme.

Total and Petrobras have signed an MoU, forming a strategic alliance for upstream and downstream activities.

Short positions in West Texas Intermediate (WTI) crude oil futures contracts held by producers or merchants totalled more than 540 000 contracts as of 11 October 2016, according to the EIA.

ClearSign was engaged to retrofit Tricor's single burner, 15 million Btu/hr vertical cylindrical refinery heater in Bakersfield, California.

SPIE Oil & Gas Services has been awarded a five year contract with Kuwait National Petroleum Company (KNPC) for its Clean Fuels Project (CFP).

Total petroleum deliveries in September increased 1.0% from September 2015, but were down 2.6% from August to average 19.6 million bpd.