Production & SCM
Part 2: Some parts of the refining segment have emerged as beneficiaries of these confusing market conditions. So how are refiners taking advantage of this prosperity–while it lasts?
The U.S. is now one of the major oil and gas producing countries of the world. The shale fracking revolution brought the country to where it is today.
Application Update: Comprehensive front-end engineering and design (FEED) can reduce risk and lower total cost of ownership for small and large capital projects. A FEED executed for ConocoPhillips optimized the project’s site selection, identified pipeline specifications, and provided refinery process design basis and preliminary piping and instrumentation diagrams (P&IDs) and other attributes. FEED improved delivery 14% under the high end of the estimate, to 39 weeks, down from 43 weeks. See FEED tips, advice, and six questions to ask.
ABB is investing $30 million in building a new manufacturing site in Memphis, Tenn., that will focus on smart products and the Internet of Things (IoT) for industries like oil and gas, power generation, mining, and health care.
Ramanan Krishnamoorti, the chief energy officer at the University of Houston, talked about some of the developments and research they are performing including nanotechnology, distributed acoustic sensing, and using real-time data in exploration.
Mexico is undergoing a major change within its petroleum industry after a ban on foreign oil companies working in the country was lifted when new legislation entered into force in 2014. The country is going though some turmoil as it adjusts to the new laws, allowing foreign companies to explore for and produce oil. In addition, state-owned PEMEX is being transformed into a private company; a major shock, as it has always been an integral part of the Mexican government.
Technology such as document management, CAD visualization, engineering data warehouses, and Web-based collaboration solutions are all helping to make the handoff process more effective, but ultimately it comes down to the human element.
Oil & Gas Engineering spoke with Harry Ebbeson, manager of technical services and customer support at PCS Ferguson, to get a better idea about what some of the specifics are for engineers working in the oil and gas industry. Harry paints a multifaceted, in-depth picture of working within 300 ft of the well site.
Top 5 Control Engineering articles, February 2-8: Selecting and applying VFDs, integrating and self-regulating processes, control system implementations, more
Articles about selecting and applying VFDs, integrating vs. self-regulating processes, faster and simpler control system implementations, a profile on Saudi Arabia, and heating heavy oil benefits were Control Engineering’s five most clicked articles from last week, February 2-8. Miss something? You can catch up here.
How and why do oil and gas producers make operational decisions at production levels? With such a large and complex industry, can we make sense of it all?