Industry News
In order to keep the Inspectioneering community up-to-date with current events and breaking stories, we routinely share relevant, useful, and/or interesting stories related to the topics we cover and the industries we serve.
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Press ReleaseOlympus, December 1, 2020Enabling fast, easy and accurate long-distance inspections, Olympus' IPLEX™ GAir long videoscope solution combines maneuverability with high-quality, wide-view images to make complex pipe inspections fast and efficient.
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NewsReuters, November 30, 2020Neste will shut down its refinery in Naantali, Finland and cut 370 jobs to seek savings worth 50 million euros ($59.9 million) due to declining demand for fossil oil products, the Finnish biofuel producer and oil refiner said on Monday.
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NewsReuters, November 27, 2020Royal Dutch Shell PLC may begin the permanent shutdown of its 211,146 bpd Convent, Louisiana, refinery early next week, people familiar with plant operations said on Monday.
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NewsBloomberg, November 24, 2020China is on track to eclipse the U.S. as the world's top refining power, a position it has held since the mid-19th century, following a series of major refinery closures in the states.
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Partner ContentAuto-refrigeration can impose low temperatures onto process vessels and piping causing them to be at risk of brittle fracture, the sudden break-before leak phenomena that can result in catastrophic rupture of the equipment.
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NewsReuters, November 24, 2020Sasol Ltd said on Tuesday it had agreed to sell its 50% interest in a high-density polyethylene (HDPE) manufacturing plant in Texas, to INEOS Gemini HDPE Holding Co for $404 million.
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NewsPhillips 66, November 23, 2020Phillips 66 recently started up two natural gas liquids fractionators at its Sweeny Hub in Texas, quadrupling processing capacity to 400,000 barrels per day.
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NewsReuters, November 19, 2020A U.S. subsidiary of state-owned Thai oil and gas company PTT PCL said it is working to “move forward” a proposed petrochemical plant in Ohio that will turn ethane into plastics and provide a regional economic boost.
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NewsU.S. Chemical Safety Board, November 18, 2020Bruce Walker has been appointed to a Senior Advisor post at the U.S. Chemical Safety and Hazard Investigation Board (CSB), where he will work in policy and outreach in support of Chairman Lemos.
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NewsReuters, November 18, 2020BP Plc notified officials in Chicago and the state of Illinois of possible layoffs affecting more than 250 salaried employees at the company’s offices, BP said in a statement.
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Press ReleaseOlympus, November 17, 2020Olympus’ release of its WeldSight™ companion PC software for the OmniScan™ X3 phased array flaw detector provides inspectors with powerful tools to push the boundaries of flaw characterization and sizing.
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Press ReleaseOlympus, November 12, 2020Laser microscopes are essential equipment for quality assurance due to their powerful capabilities. Olympus' LEXT™ OLS5100 laser microscopes offer accuracy and precision with smart features that make experiment workflows faster and more efficient.
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NewsReuters, November 12, 2020Permanent refining capacity closures expected for 2020-2021 have risen to about 1.7 million barrels per day (bpd) as the COVID-19 pandemic hammers demand for oil products, the International Energy Agency said on Thursday.
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NewsReuters, November 11, 2020
Royal Dutch Shell will halve crude processing capacity and cut jobs at its Pulau Bukom oil refinery in Singapore as part of an overhaul to reduce its carbon emissions.
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NewsU.S. Energy Information Administration, November 10, 2020Since April, when coronavirus reduced demand for refined products such as gasoline, distillate fuel, and jet fuel, gross inputs of crude oil and other raw materials to U.S. refineries have been lower than the five-year range (2015–19).
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NewsEvonik, November 10, 2020The first plant of Evonik's new polyamide 12 complex was completed on schedule in mid-October and is currently being commissioned. Further plants will follow by the first quarter of 2021, with full completion expected in the first half of 2021.
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