Digital Technologies
How to make your first $100 MM with digitalization
Digital transformation in the oil and gas industry has spurred a lot of interest from industry professionals over the last decade. However, the implementation of many of these projects has failed to impact the bottom lines of processing plants. While these projects may deliver technological integrations and flashy dashboards, the expected value from these projects may be missing. While this article will not explore the reasons for that, it will define a solid methodology to deliver value constantly.
Industrial AI: A game-changer in fast-tracking digital transformation in the energy sector
To mark the official opening of Schneider Electric’s flagship Energy Innovation Center in Houston, Texas (U.S.), Hany Fouda, Senior VP of Process Automation, highlights the largely untapped potential of Industrial AI and warns that the energy and chemicals sectors must embrace and fast-track digital transformation to catch up with other industries.
Emerson’s ‘Project Beyond’ to modernize and seamlessly integrate the industrial automation technology stack
Global industrial technology leader Emerson is pioneering a new software-defined enterprise operations platform – dubbed Project Beyond – that will fundamentally change today’s approach to industrial automation.
UAE to up value of U.S. energy investments to $440 B by 2035
The United Arab Emirates plans to raise its energy investments in the United States to $440 B in the next decade, it said on Friday, boosting U.S. President Donald Trump's efforts to secure major business deals on a Gulf tour.
Schneider Electric unveils industrial Gen AI Copilot in collaboration with Microsoft
Schneider Electric, a leader in energy management and automation, has introduced its industrial copilot, developed in collaboration with Microsoft. Designed to boost productivity and enhance workforce efficiency, it integrates Microsoft Azure AI Foundry with Schneider Electric's advanced and secure industrial automation solutions.
Emerson's Aspen Technology business releases new software with expanded AI capabilities, enhanced visualization and simplified workflows
Emerson announced a new release of the flagship software of its Aspen Technology business. The release introduces a significant expansion of industrial AI capabilities, enhances user experience, provides new capabilities to accelerate progress toward sustainability goals and improves operational performance.
ABS and Akselos complete technical assessment for FPSO digital twin technology
ABS, a global leader in providing classification services for marine and offshore assets, with Akselos S.A., a global leader in structural performance management (SPM) software, have completed a technical assessment for structural digital twin technology. This marks a significant advancement in the application of digital twin technology for FPSO units, enabling more accurate and reliable assessments of structural integrity.
Hydrocarbon value chain optimization: Non-CAPEX opportunities to improve gross margins for the downstream sector—Part 2
Part 2 will outline additional opportunities across quality giveaway reduction, hydrocarbon loss measurement, refinery mass balance and energy management in downstream functions without the need for capital expenditure (CAPEX) or software infrastructure upgrades.
Digital Exclusive: From safety silos to strategic insights: Digitally transforming SIS management
When it comes to digital transformation, refining and processing operators face unique challenges. Unlike other industries already leveraging digital twins to improve design, enable predictive maintenance and boost operational efficiency, the refining and processing sectors often struggle with data management.
Manage reliability and asset management performance by implementing a reliable operations committee program
This article examines how the author's company instituted a reliable operations committee program at its refinery in Yanbu, Saudi Arabia. The main goal of the program is to oversee the implementation and performance of maintenance and reliability programs to ensure a culture of optimum reliability and endorse new initiatives and programs that enhance maintenance performance in the facility.
- Petroecuador declares emergency at Ecuador's biggest refinery after fire damages 5/30
- U.S. administration considers plan to clear record backlog of small refinery biofuel waivers 5/30
- Sinopec sets up $690-MM hydrogen-energy-focused venture capital fund 5/30
- Wartsila bets flexibility key for ethanol power generation in Brazil 5/30
- Lotte Chemical Titan signs contract to buy naphtha from Aramco Trading Singapore 5/30
- India's May diesel exports to Southeast Asia seen at multi-year highs on higher margins 5/30
