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Oil demand likely to grow despite pandemic, study says

July 13, 2021 - in Energy, News, Oil & Gas

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…

5 largest oil and gas companies’ 2020 revenue drops 30% despite posting $1 trillion in sales

May 24, 2021 - in Energy, News, Oil & Gas

Although the coronavirus pandemic heavily impacted the energy sector in 2020, some of the leading companies under the oil and gas category still posted…

Asia spearheads global refinery FCCU capacity additions through 2025, reveals GlobalData

May 21, 2021 - in Energy, News, Oil & Gas

Asia is expected to register the highest refinery fluid catalytic cracking units (FCCU) capacity additions globally during 2021 to 2025, contributing…

GECF to unveil latest edition of flagship publication ‘Global Gas Outlook 2050’

February 12, 2021 - in Energy, News, Oil & Gas

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…

Siemens Energy and Bentley Systems Introduce Asset Performance Management Solution for Oil and Gas Operators

October 19, 2020 - in Corporate, Energy, News, Oil & Gas, Products, Technology

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…

Growing Demand for Greasezilla System as FOG Separation Technology Expands into New Vertical and International Markets

May 4, 2020 - in Energy, News, Oil & Gas

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,…

Tight spaces tip presence of petrochemicals

April 14, 2020 - in Energy, News, Oil & Gas

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.…

Crude Oil Plummets to 18-Year Low

March 30, 2020 - in Energy, News, Oil & Gas

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…

New ASCE Publication Provides Safety Recommendations for New and Existing Petrochemical Facilities

March 12, 2020 - in Energy, News, Oil & Gas

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…

Wärtsilä signs 15-year Operation and maintenance agreement for El Salvador power plant

March 6, 2020 - in Energy, Oil & Gas

Wärtsilä will operate and maintain Energía del Pacífico’s 378 MW power plant in El Salvador for the next 15 years when the plant commences operations at the end of 2021. The technology group Wärtsilä has signed a long-term Operation & maintenance…