Petrochemical businesses often purchase equipment as an investment for tomorrow. However, owning rather than leasing can be a cost that doesn't pay off over time. Renting, over time, helps control cost and save money. more

Feb 27, 2018 1:22 PM Plant Management & Operations

Total, Borealis and NOVA Chemicals announced that affiliates of the three companies have signed definitive agreements to form a joint venture in petrochemicals on the U.S. Gulf Coast. more

Feb 22, 2018 10:55 AM Engineering, Procurement & Construction

Successful turnarounds require the safe completion of all tasks – which means that safety has to be everyone’s responsibility. To ensure total commitment to safe turnarounds, every process and safety team member should be involved at every phase. more

Feb 19, 2018 12:00 AM Health, Safety & Environmental

We’re producing oil in the United States, and a lot of this production is light, sweet crude. more

Jan 24, 2018 1:32 PM Drilling & Exploration

OPEC has raised its forecast for oil supply from non-member countries in 2018 as higher prices encourage U.S. shale drillers to pump more, offsetting an OPEC-led deal to clear a supply glut and a deepening plunge in Venezuelan production. more

Jan 18, 2018 9:01 AM Refining/Petrochemical

Many facilities don't have a structured, ongoing hose maintenance program. OnGuard, provides a hose management solution tags the asset, tracks when the system goes into service, and alerts the facility when service or replacement is necessary. more

Jan 15, 2018 4:23 PM Maintenance & Reliability

EIA’s January Short-Term forecasts Brent crude oil to average $60/b in 2018 and $61/b in 2019, slightly higher than the $54/b average in 2017. Because crude oil prices are expected to be relatively flat through 2019, U.S. gasoline prices are also exp more

Jan 13, 2018 7:00 AM Refining/Petrochemical

EIA Figure 1. Wst Texas Intermediate (WTI) crude oil price

Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2018, and CME Group

The price of Brent crude oil averaged $54/barrel (b) in 2017, an increase of $10/b from 2016. EIA’s January Short-Term Energy Outlook forecasts Brent to average $60/b in 2018 and $61/b in 2019. In both 2018 and 2019... more

Jan 12, 2018 7:00 AM Refining/Petrochemical

Murray Industries is disappointed that the FERC has failed to enact the immediate reforms necessary to ensure the reliability, resiliency, and fuel security of our Nation's electric power grids. more

Jan 10, 2018 12:33 PM Refining/Petrochemical

Enterprise Products Partners L.P. announced that the partnership plans to expand its butane isomerization facility at its complex in Mont Belvieu, Texas. This expansion is supported by long-term agreements to provide butane isomerization, storage... more

Jan 9, 2018 11:35 AM Midstream

EIA graph

Source: U.S. Energy Information Administration, Form EIA-860M, Preliminary Monthly Electric Generator Inventory

Nearly all of the utility-scale power plants in the United States that were retired from 2008 through 2017 were fueled by fossil fuels. Of the total retired capacity, coal power plants and natural gas steam turbines accounted for the highest... more

Jan 9, 2018 9:02 AM Power Generation

In late 2016, the difference between U.S. average retail prices for premium and regular gasoline reached 50 cents per gallon. This price spread has been generally expanding since 2000, and the rate at which the spread has grown has accelerated... more

Jan 8, 2018 7:00 AM Refining/Petrochemical

When the administration of U.S. President Donald Trump proposed new subsidies for coal and nuclear plants, it seemed like an obvious way to deliver on campaign promises to boost the nation’s energy industry. more

Jan 5, 2018 9:05 AM Refining/Petrochemical

The U.S. energy industry is facing a massive test of its infrastructure as an intense winter storm roars up the Atlantic Coast, threatening power outages, refinery shutdowns and spikes in heating prices. more

Jan 5, 2018 8:55 AM Refining/Petrochemical

Looking back at 2017 with BIC Magazine. Here are the top 10 most-read articles online for the year. more

Jan 5, 2018 8:55 AM Refining/Petrochemical

Oil giant BP will take a one-off $1.5 billion charge to adjust to new U.S. tax rules, but expects a long-term boost from the corporate-friendly tax rates. more

Jan 3, 2018 7:00 AM Refining/Petrochemical

Some petrochemical producers considering major US projects have pushed final decisions on whether to move ahead with them to 2018, they said. more

Jan 2, 2018 2:46 PM Refining/Petrochemical

Oil prices posted their strongest start to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. more

Jan 2, 2018 9:35 AM Refining/Petrochemical

Oil prices edged up on Thursday, remaining near 2-1/2-year highs after data showed strong demand for crude imports in China and on increased U.S. refining activity that drew more crude from inventories. more

Dec 29, 2017 9:56 AM Refining/Petrochemical

This major milestone brings Chevron Phillips Chemical closer to final completion of its U.S. Gulf Coast petrochemical project. more

Dec 21, 2017 3:39 PM Downstream

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