March 8, 2022

 

 

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U.S. to ban Russian oil imports

U.S. President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices. Read More

 

Today’s advanced tube plugs offer efficient solutions for high-pressure heat exchangers

When heat exchanger or boiler tube plugs start leaking, repair or maintenance work can be costly and time-consuming. An alternative method to isolating the damaged tube from the flow of gas or liquid going through the bundle involves inserting an engineered tube plug, on either a temporary or permanent basis. Read More

Shell announces intent to withdraw from Russian oil and gas

Shell plc today announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner, aligned with new government guidance.

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Report identifies four key trends affecting the U.S. downstream sector in 2022. Only one of them is helping the industry

The key trends shaping downstream growth in the United States, released in advance of the Reuters Events Downstream USA 2022 conference and exhibition in Houston on June 8 and 9, highlights four major headwinds for the industry. Read More

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U.S. to release 30MM barrels of oil, aims to end 'weaponization' of Russian oil

The United States vowed on to release 30 million barrels of oil as part of a global 60 million barrel pledge in an effort to shore up energy markets amid the ongoing Russia invasion of Ukraine, and said it could take further steps as needed.

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The rising cost of cyber insurance

Cyber insurance is so much more than simply providing the money necessary to pay criminals in Bitcoin. Cyber insurance is a specialty insurance product intended to insure against internet-based risks and, more generally, from risks relating to information technology infrastructure, information privacy, information governance liability and other connected activities. Read More

Valuable Resources

  • BIC Social Media: Follow BIC on LinkedIn
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  • BIC Video: In-the-Know with Thomas Brinsko: ExxonMobil planning hydrogen production, carbon capture and storage at Baytown complex
  • BIC Podcast: Houston economy predicted to remain outstanding, even with rising inflation

Top Jobs of the Week

  • Business Development Manager - Houston, TX
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See more at BICRecruiting.com

Upcoming Industry Events

  • AMPP Annual Conference & Expo 2022 - March 8-10, San Antonio, TX
  • AFPM 2022 Annual Meeting - March 13-15, New Orleans, LA
  • 37th Annual World Petrochemical Conference 2022 - March 22-25, Houston, TX
  • SMRP Houston Chapter: 1st Quarter Luncheon - March 30, Houston, TX

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