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jerryking : oil_refiners   7

Aliko Dangote, Africa’s richest man, on his ‘crazy’ $12bn project
July 10, 2018 | Financial Times | David Pilling 11 HOURS AGO.

On his yacht in Lagos, he talks about his ambitious oil refinery — and his dream of buying Arsenal
Africa  Arsenal  moguls  Nigerians  Nigeria  entrepreneur  Aliko_Dangote  Lagos  oil_industry  oil_refiners  cement  big_bets 
july 2018 by jerryking
Google and Repsol team up to boost oil refinery efficiency
June 3, 2018 | Financial Times | Anjli Raval in London YESTERDAY

Repsol will use Cloud ML, Google’s machine learning tool, to optimise the performance of its 120,000 barrel-a-day Tarragona oil refinery on the east coast of Spain, near Barcelona.

A refinery is made up of multiple divisions, including the unit that distils crude into various components to be processed into fuels such as gasoline and diesel and the entity that converts heavy residual oils into lighter, more valuable products.

Google’s technology will be used to analyse hundreds of variables that measure pressure, temperature, flows and processing rates among other functions for each unit at Tarragona. Repsol hopes this will boost margins by 30 cents per barrel at the facility and plans to roll out the technologies across its five other refineries.

Energy companies are increasingly looking to use the type of analytics often employed by companies such as Google and Amazon for consumer data across their operations, from boosting the performance of drilling rigs to helping to deliver greater returns from refineries.

“Until very recently, [oil and gas] companies have not had the tools or the capabilities needed to operate these assets at their maximum capacity,” McKinsey, the professional services firm, said in a recent report. “Analytics tools and techniques have advanced far and fast.”
artificial_intelligence  efficiencies  energy  Google  oil_industry  oil_refiners  Silicon_Valley  Repsol  tools  machine_learning 
june 2018 by jerryking
Blackwater's Founder Blames U.S. for Its Troubles - WSJ.com
Nov. 17, 2013 | WSJ |By Dion Nissenbaum.

Now, Mr. Prince says, he is done working for t he U.S. government. He has invested millions in setting up Frontier Resource Group, a private-equity firm that operates in more than a dozen African countries. The firm is building an oil refinery in South Sudan, owns a cement factory in the Democratic Republic of Congo, conducts aerial gas and oil surveys across the continent, and is looking at taking over idle oil wells damaged by insurgents in Nigeria, he said.
security_&_intelligence  entrepreneur  private_equity  memoirs  oil_refiners  CIA  Blackwater  books  drones  covert_operations  Africa  political_risk  frontier_markets  natural_resources  Leon_Panetta 
november 2013 by jerryking
Giant New Oil Refinery in India Shows Forces Roiling Industry - WSJ.com
August 29, 2006 | WSJ | By STEVE LEVINE and PATRICK BARTA

Shipping Gasoline to U.S. Pays, And Overseas Demand Is on a Sharp Upswing One Project, 150,000 Workers
oil_industry  India  oil_refiners 
june 2012 by jerryking
Oil Industry Braces for Drop in U.S. Thirst for Gasoline - WSJ.com
APRIL 13, 2009 | WSJ |By RUSSELL GOLD and ANA CAMPOY. Declining gasoline-tax revenue is forcing local and federal governments to search for new sources of funding. Oil refiners, which for decades focused on bringing U.S. drivers more gallons of gasoline, are retooling their businesses. Some have said they could shut down some of their refineries entirely, along with thousands of small gas stations. Oil companies are beginning to invest in biofuels and battery technology.
oil_industry  Exxon_Mobil  economic_downturn  recessions  retailers  gas_stations  decline  oil_refiners 
october 2011 by jerryking
Rivals Secretly Finance Opposition to Wal-Mart - WSJ.com
JUNE 7, 2010 |WSJ | By ANN ZIMMERMAN. Rival Chains Secretly
Fund Opposition to Wal-Mart. Saint Consulting Group is a specialist at
fighting proposed Wal-Marts, and it uses tactics it describes as "black
arts." Mr. Saint, a former newspaper reporter and political press
secretary, founded his firm 26 years ago. It specializes in using
political-campaign tactics—petition drives, phone banks, websites—to
build support for or against controversial projects, from oil refineries
and shopping centers to quarries and landfills. Over the years, it has
conducted about 1,500 campaigns in 44 states. Mr. Saint says about 500
have involved trying to block a development, and most of those have been
clandestine.
Wal-Mart  competitive_intelligence  retailers  clandestine  big-box  unions  countermeasures  counternarratives  political_campaigns  controversies  oil_refiners  dark_side  sophisticated  power_to_obstruct 
june 2010 by jerryking

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