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Maintainable RTO = more uptime = more profit Petro-SIM 7.5 maximizes refinery operations with integrated real-time optimization. Use your existing resources to easily maintain models and optimize ROI. https://okt.to/MTf2Y9 #Refinery #RealTimeOptimization #BringingDecarbonizationToLife

Learn how you can leverage our data-driven analysis and compare your refinery's performance against industry peers in competitive and efficiency performance areas to identify gap closure opportunities, industry trends, and more. The Fuels Study has been an essential tool relied on by refiners for over 40 years. Don’t miss out. Learn more here: https://lnkd.in/gusBdcFU Video Features Solomon Expert: Ian T., Fuels & Lube Study Manager #FuelsStudy #Refining #Benchmarking #GapClosure #Consulting #oilandgas #RefiningIndustry #Fuels #Lube #LubeStudy #PerformanceAnalysis #competitive #efficiency #refiners #RefineryOperations #CompetitivePerformance #OperationalExcellence

REFINERS: help us decide the theme for RefComm Galveston next year! You are the ones with the boots on the ground-- doing the work day to day-- so YOU are the ones who know best what the key issues, challenges, and trends are that we should address at next year's conference. Please take a moment to answer three very short questions: https://lnkd.in/gWraUzGJ The questions are: 1.) What are the refining themes you see emerging this year and next? 2.) What are the pressing issues your refinery faces? 3.) What are the key trends in the refining industry now and coming down the pipeline? We want your boots on the ground perspectives! Feel free to respond using the Google Form link above or reply in the comments. THANK YOU! #refcomm #refining #oil #oilandgas #oilandgasindustry #safety #training Becky Peterson Marlea Stockenberg Coking.Com Inc. CatCracking.com Sulfur Unit Evan Hyde - Coking-com

#refinery #usa #oilindustry The U.S. oil industry saw nearly $200 billion in upstream deals last year, but the refining sector missed out despite plenty of willing sellers as the energy transition away from fossil fuels accelerates and casts doubt over the long-term value of aging U.S. refineries The growing number of operators looking to sell assets reflects the hope that a post-pandemic surge in margins – which for some products nearly quadrupled in 2022 – might have opened up a rare window to exit assets profitably. “Until very recently margins were fairly high and owners might have begun to fantasize that they could get a very good price,” said Garfield Miller, president of downstream-focused investment bank Aegis Energy Advisors. Phillips 66, the third largest independent U.S. refiner, is pursuing a $3 billion divestiture program that will likely include some of its smaller refineries, industry sources said. The U.S. is the world’s top gasoline market and its refineries are mainly geared towards producing the motor fuel. Gasoline consumption, however, likely peaked in 2018 at over 9.3 million bpd and is expected to decline from next year onwards, according to government projections. Refiners are expected to face new headwinds with the wider adoption of electric vehicles and policies intended to phase out fossil fuels. Growing sales of electric vehicles in recent years have led forecasters to bring forward their projections for when global oil use will peak, as public subsidies and improved technology help lower prices for battery-powered cars. Transportation is responsible for about 60% of world oil demand, with the U.S. alone accounting for around 12%, according to the International Energy Agency. That share should fall, as the IEA expects EVs to erase some 5 million bpd of world oil demand by 2030. The rising cost of maintenance and workloads to keep aging plants online have also deterred potential refinery buyers, particularly as companies focus on shareholder returns. For some operators, the bill to repair these facilities can be enormous. Phillips 66 spent $786 million on maintenance in 2023, according to company filings. “Refiners are learning if they don’t invest in their facilities before they put their plants up for sale, interest will dwindle,” Aegis’ Miller said. Source: #energynow 👇 👇 👇 https://lnkd.in/dffgJrCj #globalenergy #oil #m&a

What’s in store for the supply chain in 2024? Our industry experts reflect on how the supply chain changed this year and what to expect in 2024 in the offshore, oilfield services and metals sectors. Dive into this topic with our thought leadership article written by our Head of Supply Chain Research, Audun Martinsen, and our key solution enhancements that can empower success in an ever-evolving market. https://lnkd.in/dnbasX3b #oilandgas #supplychain #cleanenergy #futureofenergy

VIVAKOR Inc (NASDAQ:VIVK) told investors it is now targeting the third quarter of 2024 to close its previously announced acquisition of Endeavor Crude, LLC, Meridian Equipment Leasing, LLC, its subsidiary CPE Gathering MidCon, LLC, Equipment Transport, LLC, its subsidiary ET EmployeeCo, LLC, and Silver Fuels Processing, LLC, known collectively as the Endeavor Entities. The Endeavor Entities are providers of oil and gas logistics, transportation, gathering, blending, storage, remediation, and reuse of crude oil, crude oil byproducts, produced water, and oilfield waste, including truck and pipeline transportation of such commodities, Vivakor highlighted.   More at #Proactive #ProactiveInvestors http://ow.ly/Ap68105z1I5

[Unlock the secret to refinery savings] Discover the game-changing potential of blending light and heavy crudes for substantial savings in your refinery operations. Our latest white paper delves into the critical role of measurement in controlling feedstock composition at the desalter. ⏩Don't miss out on this industry-changing insight – download now for the key to refining success : https://hubs.ly/Q02BRb7J0 #refinery #oilandgas #refineryoptimisation

🛢️ Optimizing Your Commodity Trading Experience with Crown Business Solutions In the ever-evolving world of commodity trading, particularly in the oil and gas sector, Crown Business Solutions stands out as your go-to expert. Our deep-rooted expertise in brokering deals for a range of key commodities is tailored to meet the diverse needs of our global clientele.🌍 Our Specialties: Crude Oil: Unmatched brokering capabilities, ensuring smooth transactions that meet your quality and quantity needs.🔗 Jet Fuel A1: Specializing in aviation industry needs, with a supply network meeting international standards.✈️ Diesel & ULSD: Brokering environmentally compliant diesel with competitive pricing and reliable delivery.🌱 Petcoke & Petroleum Products: Catering to a broad spectrum of petroleum product requirements.🔥 Why Choose Us: 🌐 Global Supplier Network: Our vast network connects you with reliable sources for efficient transactions. 🔍 Tailored Solutions: We understand that each client is unique. That’s why we offer customized solutions to fit your specific needs. At Crown Business Solutions, we're not just facilitating transactions; we're creating smooth, cost-effective pathways for your commodity needs. Stay ahead in the industry with our innovative and client-centric solutions. Explore our services and how we can enhance your trading experience at https://lnkd.in/g773r3Fq, then click 'Enter Site', go to 'More', and check out our 'Blog' section for the latest insights. #CrownBusinessSolutions #CommodityTrading #OilAndGas #CrudeOilExperts #JetFuelTrading #DieselSupply #PetroleumProducts #GlobalTrade #CustomizedSolutions #IndustryLeaders #TradingExcellence #MarketInsights #SupplyChainOptimization #BusinessGrowth #EnergySector #oilandgas #oilandgasindustry #commodities #commoditytrading #commoditymarket #commoditymarkets #oilgas #oil

What if we told you you can get 24/7 access to the unrivaled marketing intelligence platform for the terminal industry, so you can stay steps ahead of your competition? Meet our TankTerminals.com database tool. TankTerminals.com is an online platform, consisting of the most comprehensive data on more than 12.000 tank storage and production facilities worldwide. In our database, you will find data on tank terminal location, connectivity, infrastructure, management, logistical performance, product flows, and much more. The global database has also been enriched by other asset types that handle liquid bulk products, like petroleum refineries, sustainable fuel plants, chemicals plants, LNG liquefaction plants, and vegetable oil plants. This provides a complete and detailed overview of liquid bulk supply chains. This makes TankTerminals.com a groundbreaking Research Tool for the tank terminal sector that will provide you with unparalleled insights into the global terminal business. Check out our video below to discover how TankTerminals.com can help you grow your tank terminal business. #tankterminal #marketintelligence #terminaloperators #tankstorage

Director, Owner Jeffrey W Ubben purchased 458,000 shares at $106.93 of $XOM Exxon Mobil Corporation was founded in 1882 in the state of New Jersey. ExxonMobil divisions and linked firms operate or market products in the United States and most other nations worldwide. The Company’s primary business is the exploration and production of crude oil and natural gas; the manufacturing, trade, transportation, and sale of crude oil, natural gas, petroleum products, petrochemicals, and a wide range of specialty products; and the pursuit of lower-emission business opportunities such as carbon capture and storage, hydrogen, and lower-emission fuels. Exxon Mobil Corporation is divided into numerous departments and includes hundreds of affiliates, many of which have names like ExxonMobil, Exxon, Esso, Mobil, or XTO. ExxonMobil has a long history of investing in exclusive technology development. They offer diverse research programs tailored to the needs identified in each of their business areas. At the end of 2022, ExxonMobil had over 8000 active patents worldwide. Opinion: Exxon is making all the right moves. The purchase of Denbury, combined with their own efforts, made them overnight the world leader in carbon sequestration. The Company acquired 120,000 gross acres in the Smackover formation of southern Arkansas for more than $100 million from exploration company Galvanic Energy. The Arkansas prospect can contain 4 million tons of lithium carbonate equivalent, which is sufficient to power 50 million electric vehicles EVs. In late July, Ukraine issued its own warning, saying it would treat ships headed to Russian ports as potential military targets. This was an apparent attempt to turn the tables on Russia by imposing an “insurance blockade,” a freezing of commercial maritime activity that would happen if insurers refused to cover civilian ships heading to and from Russian ports on the Black Sea. We are one oil tanker being blown up away from a super spike in oil. Full article at: https://lnkd.in/guRufG3U