Abstract
This Energy Insights report reviews the major refining companies and their
approach to a refinery of the future, along with information technology vendor
offerings to this segment of the oil and gas industry.
According to Jill Feblowitz, practice director, Business Technology, "The low
margins of refining remain, but the refinery business has changed substantially
with changes in product mix, changes in the quality of crude, further
globalization of an already global industry, and advances in engineering and
information technology. The refinery of the future will give way to the
refinery network of the future."
Table of Contents
- Table of Contents
- Energy Insights Opinion
- In This Report
- Situation Overview
- Current Industry Dynamics - What' s Changed Since 2000
- For Pure-Plays, Refinery Margins Feel the Squeeze
- Figure: Average Annual Worldwide Spot Price FOB Weighted by Estimated Export Volume, 2001-2008
- Figure: Refinery Margins at BP, January 2007-July 2008
- The Product Mix Is Changing in the United States
- Figure: U.S. Refinery Output by Product, 2001-2008
- Crude Resources Shift from High to Low Quality
- A Global Industry Becomes Even More Dependent on the Global Network
- Market Strategies
- Chevron
- British Petroleum
- Table: British Petroleum' s Refinery of the Future
- ExxonMobil
- Table: ExxonMobil' s Refinery Initiatives
- Information Technology
- New Refining Investment Creates Opportunity for Technology
- Continuous Standard Setting Is Never-Ending Story
- Future Outlook
- Industry Impact
- Vendor Profiles
- Table: Technology and Control Vendors at a Glance
- Table: Technology and Control Vendor Visions at a Glance
- Market Strategies
- People - Organizing for Network Optimization
- Process - Using Common, Accepted Approaches
- Technology - Acquiring Data, Standardizing Process, and Speeding up Decisions
- A Note About Design to Operation
- Essential Guidance
- Learn More
- Related Research
- Synopsis
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