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Is Russia-Ukraine War Leading Europe Towards Major Energy Crisis?
3/14/2022
Russia's invasion of Ukraine has sent a shockwave across financial and energy markets in the world. The ongoing crisis has disrupted the oil and gas supply to Europe and raised concerns about the future oil supplies. Invasion pushed the oil and gas prices to record highs. European oil prices soared on news of aggression and are reaching new highs with each passing day. On March 3rd, Brent Crude Futures jumped 3.24% to US$ 116.59 per barrel, after crossing the US $119 earlier this week. U.S. Crude Futures also climbed 3.26% closing at $114.21 per barrel.
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Meeting The Global Methane Pledge
2/9/2022
Carbon emissions have long been the focus of global efforts to reduce the impact of industrial activities on the environment. In September 2021, the US and the EU proposed that the reduction of methane emissions into our atmosphere could have a significant and fast acting impact on the pace of global heating over the coming decades.
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Fast And Efficient Solution For Crude Oil Measurement For Refiners Using NIR Technology To Optimize The CDU Process Rapidly And Proactively
2/9/2022
Historically, optimization in the refinery has been concentrated on final products, (e.g., gasoline and diesel), and has slowly shifted focus to conversion and upgrading process units within the refinery, such as for naphtha conversion, catalytic conversion, upgrading units, and alkylation. Still, there remains one especially important element of the refinery that has not been well optimized: rapid and online characterization of crude oil composition.
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Rising Usage Of SCADA Systems In Oil & Gas And Electric Power Sectors Favors Growth In SCADA Market
1/24/2022
According to the business intelligence report by the Transparency Market Research, the global supervisory control and data acquisition (SCADA) market was initially evaluated at US$ 25.56 billion at the base year of 2015. The report projects that the global SCADA market will rise to hit the evaluation of US$ 40.18 billion by the end of the forecast years 2016 to 2024. It also suggests that the global SCADA market will foresee an excellent growth rate of 5.20 percent over the same period.
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Refinery Improves Boiler Air-To-Fuel Mixture Performance With Help From Multipoint Thermal Flow Meter
12/20/2021
A major oil refinery’s plant team ran into challenging issues when they attempted to optimize their large primary boiler system, which initially perplexed the plant’s process engineers. After extensive study, it was determined there was a problem controlling the boiler’s burner air-to-fuel mixture ratio.
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Controlling Your Natural Gas Burn To Cut Fuel Costs And Emissions
12/17/2021
Nearly all industrial processes and manufacturing operations rely on natural gas as a fuel, even if it is only for plant heating, ventilation and air conditioning (HVAC). Heavy duty industrial plant processes (Figure 1), such as those found in oil and gas, refining, chemical production and electric power generation, as well as those in the manufacturing industries, including steel, aluminum, glass and others, depend heavily on natural gas to fuel the processes used in their production.
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Applications Of IoT Solutions In Energy Industry Endows Efficiency Gains Across Supply Chain
11/29/2021
Internet of Things (IoT)-enabled solutions are getting weaved into smart energy management framework. Globally utility providers and energy producers are expanding their IoT-based asset management capabilities not just to optimize their resources but also to boost process efficiencies. Several industries are pumping in dollars to enrich their supply chain with the IoT paradigm. The oil and gas industry stands to benefit immensely in coming years, for example.
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Remote Sensing And GIS For Oil Sector
11/8/2021
Remote sensing and GIS technologies have become widespread in many areas of human activity, and the oil industry is no exception. Why are these technologies used? They provide advanced capabilities for preventing and resolving a variety of manufacturing problems. However, this is not all. In this piece, we propose to consider in more detail several examples of the use of GIS and remote sensing data in the oil sector.
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Utilities: It's Time To Re-evaluate Headlamp Specifications
10/28/2021
Technological advancement enables intrinsically safe headlamps to improve safety and operator performance more cost effectively.
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Nationwide Water Shortages Demand New Innovative Solutions In Clean Water
10/26/2021
In the spring of 2019, U.S. government-funded research on watersheds revealed a dire outlook for the future of water availability in the United States. Between population growth and climate change, the study reports that “serious water shortages'' are likely to occur within the next 55 years.