Winter is coming and we may be facing our worst energy crisis in our lifetime.Is your business ready? • The Nord Stream 1 pipeline remains shut off.• European natural gas prices are about 10 times more than US natural gas prices.• Can you imagine your current energy bill being 10 times more expensive than it […]
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The largest refinery in the Midwest should resume normal operations within the next few days after being disrupted by a fire last week, which threatened its 430,0000 barrel-per-day operations. British Petroleum’s (BP) facility in Whiting, Indiana had an electrical fire in the powerhouse portion of their complex and caused a loss of cooling water. With […]
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After the historically low temperatures across the south this week, it may take weeks for some of the largest refineries in the country to get back up to full production.
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The oil patch is rallying today being led by refined products. This is due to the fact that Hurricane Sally has left a trail of “catastrophic” rainfall in Alabama earlier this week and is now barreling through the Carolinas and is hindering supply at petroleum terminals.
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The use of drones are being utilized in various industries all the time, from the military to recreation, but could we see the use of drones in the oil and gas industry? Of course, the drone model DJI M300 is used quite frequently in refinery inspections. “The accuracy of measurement increases with every new DJI […]
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Philadelphia Energy Solutions (PES) announced the closing of their doors a couple of weeks ago, but there was, and still is, a lot of uncertainty for what that means for the future of the union workers and the physical plant itself. PES recently announced its commitment to extend pay for union workers through August 25th, […]
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Philadelphia Energy Solutions Inc (PES) announced Wednesday that they are shutting down operations within the next month after the explosion and fire that occurred in the early morning of June 21. The refinery is the oldest and largest on the East Coast of the United States that once produced 335,000 barrels-per-day. The cause of the […]
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Analysts are getting increasingly worried that the refining industry will not be prepared in time to meet the lower sulfur regulation under the new International Maritime Organization (IMO) set to begin January 1, 2020 and will subsequently increase diesel prices in relation to crude oil.
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