barrel

Oil & Gas and Petrochemical New Business Model

As part of the underlying Oil & Gas and Petrochemical market revolution, the business model for projects is changing. 
In fact, the new business model is a return to the basic of ROI (Return on Investment) calculations.
Thus, the new business model aims to shorten project timeline while controlling costs. Delivering “Fast-track” projects in 2-3 years.

Should Covid-19 mean -19% on your business?

Medias have largely covered the last weeks Ups and Downs of the Oil & Gas and Petrochemical industry. Well, mostly the Downs in fact.

To figure out the reality, we crunched the numbers from our database www.projectsmartexplorer.com
In fact, the outlook of the Petroleum industry is rather different than what has been massively reported.

Mild Hydrocracking

Definition Mild Hydrocracking or MHC is referring to the refining process designed to performs a partial hydrocracking only. In the mild hydrocracking only about 20-60% at ~ 50-85 bar of the feedstock crude oil is cracked. Comments The objective of the Mild Hydrocracking process is to convert 20-60% of the vacuum gas oil at 343°C  to …

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“BOE”

Definition  BOE is the acronym of Barrel of Oil Equivalent – a unit of energy based on the approximate energy released by burning one barrel of Crude oil. One Barrel contains 42 US gallons or 158.9873 litres of light crude oil which will produce 5.8 × 106 British Thermal Units (million BTU or mBTU) according to the US …

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