Information Systems
Digital Exclusive: Optimize plant design in the hydrocarbon processing industry with advanced CAD tools
Hydrocarbon processing transforms crude oil and natural gas into valuable products such as petrochemicals and fuels. These transformations occur in hydrocarbon processing plants popularly known as refineries, which comprise different processing systems that must work together to ensure efficiency and safety. These systems include electrical, air, cooling, compression and flaring, just to name a few. System components must be installed so they maximize efficiency without hindering production. This article will explore the evolution of computer-aided design (CAD) technology, its advantages and uses throughout the hydrocarbon processing industry (HPI).
Digital Feature (sponsored): Three questions oil and gas companies should ask to improve their operations risk management
The article will discuss the five broad categories that most of this industry’s risk falls under and address the three—equally important—areas that can have a major impact on the quality of an oil and gas company’s overall operations risk management (ORM) strategy.
Hexagon prepares for the spin-off of its Asset Lifecycle Intelligence division and related businesses
Hexagon AB has announced that the board of directors, after a comprehensive assessment, has directed management to prepare for the separation of its Asset Lifecycle Intelligence (ALI) division and related businesses (NewCo) by way of a Lex Asea distribution (or spin-off) to its shareholders, as previously announced on October 25, 2024.
Improve reliability with predictive maintenance insights
Machine-learning-equipped advanced analytics platforms empower SMEs to solve some of the toughest process problems efficiently, implement effective process improvements, transition from reactive to predictive maintenance strategies, increase productivity and uptime, and operate more profitably.
Use AI to replace spectrometric analyzer chemometric modeling
This article compares the two approaches in blending practices—classic chemometrics and AI—highlighting the superiority and practicality of using AI.
IT dependencies complicate OT security
Cyber-securing oil and gas automation to ensure safe, reliable and efficient physical operations is becoming more challenging. This article explores the modern yet evolving threat environment, how expectations for cybersecurity are changing, how information technology/operational technology (IT/OT) dependencies have emerged as an important issue in most cybersecurity programs, and how owners and operators are addressing this new issue.
Strategies to resolve process variability via regulatory process control
This article discusses strategies to address process instability for effective process control.
Preem partners with Imubit for closed-loop AI optimization at Lysekil refinery
Imubit, a global leader in closed-loop artificial intelligence optimization (AIO), and Preem, Sweden’s largest fuel company, have formed a partnership aimed at accelerating Preem’s sustainability journey through Imubit’s closed-loop AIO technology.
Yokogawa enhances IT/OT integration with new release of OpreX Collaborative Information Server
Yokogawa Electric Corporation announced the release of the latest version of OpreX™ Collaborative Information Server (CI Server), with enhancements that streamline application assembly and improve external connectivity.
Emerson to acquire remaining outstanding shares of AspenTech
Emerson will acquire all outstanding shares of common stock of AspenTech not already owned by Emerson for $265/share pursuant to an all-cash tender offer. The transaction values the minority stake being acquired at $7.2 B, and values the total company at a fully diluted market capitalization of $17 B with an enterprise value of $16.8 B.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
