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But in reality, the most transformative phase of the experience takes place inside a refinery—where unrefined crude oil turns into the lifeblood of our modern-day economy: clean, usable energy. The post Oil Refinery Process: From Crude to Clean Energy appeared first on PetroSync Blog.
In today’s complex industrial environments, predictive maintenance remains a key challenge for Energy, Utilities, and Manufacturing sectors. McKinsey estimates mid-size refineries lose $20–50 million annually due to reliability issues. This post outlines an agentic solution for predictive maintenance using generative AI agents.
Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).
The entire industry undergoes maintenance in Q4, affecting both production and refining. Focusing solely on refinerymaintenance shows clear bias. Energy Outlook Advisors' Newsletter is a reader-supported publication. About half of the announced increases reached global markets.
This was followed by Gasoline Stations with Convenience Stores, with 1,388 postings, Petroleum Refineries, with 849 postings, and Natural Gas Distribution, with 636 postings, TIPRO highlighted in the statement. We’d love to hear from you, join the conversation on the Rigzone Energy Network.
As global economic conditions and trade relationships realign, adjustment in employment, capital expenditures, and production are outcomes that provide for long term stability in energy production,” he added. We’d love to hear from you, join the conversation on the Rigzone Energy Network.
The pressure on supplies has been driven by refinery closures on both sides of the Atlantic and a slew of recent outages, as well as the impact of production curbs by key OPEC+ producers. of global output of oil products, well below the seasonal average, according to figures from Energy Aspects Ltd.
Department of Energy has authorized the exchange of up to 1 million barrels from the Strategic Petroleum Reserve (SPR) to ease the crude shortage at Exxon’s refinery in Baton Rouge, Louisiana, after quality issues with the Mars crude grade emerged last week. (Oil Price) – The U.S.
(Investing) – LONDON -OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and refineries’ crude intake would remain elevated to meet the uptick in summer travel, helping to support the demand outlook. Global refinery crude intake posted a sharp increase of 2.1
Image by Chaloemphan via iStock Russia’s oil product exports dropped in June to the lowest in eight months amid extended work at refineries supplying Baltic ports, coupled with efforts to stabilize domestic fuel supplies before the upcoming seasonal surge in agricultural and holiday consumption. 700K Industry Pros can’t be wrong.
Israel’s refinery output for Q1 dropped 16% from the previous quarter to 243,500 b/d, or 82% of nameplate capacity, according to the latest filings from the country’s two refineries: the 197,000 b/d Bazan Refinery at Haifa in the north and the 100,000 b/d Ashdod Refinery in southern Israel.
East Coast slowed due to refinerymaintenance and the Dangote refinery drove up Nigeria’s demand for inputs, the U.S. Energy Information Administration said in a note on Tuesday. The United States became a net exporter of crude oil to Nigeria in February and March, as crude demand on the U.S.
BPs refinery in Rotterdam had both its crude units offline on Tuesday morning, Reuters reports, citing energy consultancy Wood Mackenzie. This follows the shutdown of the other 200,000 bpd crude unit in early May for planned maintenance. A crude unit with a capacity of 200,000 barrels per day (bpd) went offline early on Tuesday.
(Investing) –HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. refinery utilization stood at 85.6% Gulf Coast pressured that market lower. premium to U.S.
crude oil stockpiles rose and fuel inventories fell last week as seasonal refinerymaintenance season ticked along, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 1.4 million barrels to 435.2
Asian markets have been oversupplied with light grades for most of this cycle, driven by outages at Japanese refiners, increased UAE availability this cycle following the accelerated OPEC+ unwind, and planned maintenance at Saudi Arabia's Petro Rabigh refinery, Energy Aspects analyst
April 30, 2025 Energy Outlook Advisors' Newsletter is a reader-supported publication. Analysts fear prolonged refinerymaintenance could further reduce gasoline and distillate inventories and raise their prices. To receive new posts and support my work, consider becoming a free or paid subscriber. Read more
Gasoline inventories are currently at a comfortable level, but refinerymaintenance might lead to low levels at the start of summer. March 12, 2025 EOA’s Main Takeaway Although changes in inventories followed historical trends, the bad weather in Texas has influenced exports and imports.
Energy Market Assessment: Expectations and oil prices have bottomed with heading up to summer- oil and gas 360 The drop in the price of crude oil, from its Winter high to a Spring-Time low exaggerated by Tariff Fear has us conclude the drop has bottomed. The consensus is set up to be caught short by refinery runs next increasing.
million metric tons—as Reliance Industries, the country's largest refiner, reduced output for maintenance amid strong domestic demand. Mangalore Refinery and Petrochemicals also reduced exports, favoring domestic sales and jet fuel production due to better margins. This marked a sharp decline from March.
From predictive maintenance to real-time data analytics, AI solutions are revolutionizing how oil and gas companies operate, analyze vast amounts of data, and reduce risk across the board. AI-powered predictive maintenance analyzes vast amounts of operational data in real time to detect early warning signs of potential failures.
Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the General Assembly meeting of the Egyptian Company for Operation and Maintenance of Projects (EPROM) to review its 2024 business performance. The post EPROMs 2024 Net Profits Reached EGP 1.096B first appeared on Egypt Oil & Gas.
When asked to describe The Future Digital Energy System in only two words, I instantly say decarbonized and decentralised. Decarbonisation perfectly expresses the physical aspects of energy systems of tomorrow, which rely on a selection of technologies that minimize any excess carbon atoms emitted into the atmosphere.
Several pieces of energy-industry legislation are teed up for debate as state legislatures reconvene for their first sessions of 2021. For a comprehensive list of energy legislation to be heard in upcoming state legislative sessions, see: [link]. [1] Senate Bill 119 ( S. 1] [link]. [2] 2] [link]. [3] 3] [link]. [4] 4] [link]. [5]
This development comes on the heels of another report that lingering strikes and protests in the French refining sector and seasonal maintenance at plants elsewhere in Europe cut into the OPEC producers sales.
Several pieces of energy-industry legislation are teed up for debate as state legislatures reconvene for their first sessions of 2021. For a comprehensive list of energy legislation to be heard in upcoming state legislative sessions, see: [link]. [1] Massachusetts lawmakers recently re-filed a historic climate bill ( S. 1] [link]. [2]
Saudi Arabia has nine local refineries with a combined capacity of 3.33 The kingdoms domestic refineries processed 2.94 million bpd so far in May, according to data from ship tracking firm Kpler, likely reflecting refinery turnaround. It also supplied 53% of the crude used by its joint venture refineries abroad.
Given planned refinerymaintenance and announced closures, we are concerned that low distillate inventories might raise diesel prices, even if oil prices do not rise. March 26, 2025 Subscribe now EOA’s Main Takeaway Changes in inventories followed historical trends.
due to seasonal maintenance. Gasoline inventories fell by 1 million barrels, 3% below the five-year average, and refinery utilization rose to 90.2%. million cubic metres as Turkey aims to reduce its over 90% energy import reliance and enhance supply security. bcm, crude oil increased 1.5% million tons, and coal climbed 3.8%
refinery shutdowns of 400,000 bpd are contributing to the surplus. bcfd, negative Waha Hub prices caused by pipeline maintenance, and mild weather forecasts through April. billion in the first two months, led by Constellation Energys $16.4 The post Valor | Energy Connection Mar. million bpd in 2025. Read more U.S.
US President Trumps visit to the Middle East has the potential for significantly impacting oil markets, according to energy consultancy Rystad Energy Brent oil is hovering around US$65/bbl, buoyed by progress made on US-China trade negotiations, which have also eroded some demand side pessimism.
The Positive Impact of Donald Trumps Reelection on the Oil and Gas Industry With Donald Trumps recent reelection, the American oil and gas industry is eagerly anticipating a new era of supportive policies and regulatory changes designed to prioritize energy independence and economic growth. In 2018, U.S. This approach gave the U.S.
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