Loss Prevention
Straight talk on fire risk assessments
For refineries, chemical plants, oil and gas pipelines and oil/gas exploration, fire and explosion hazards are omnipresent. Process hazard analysis (PHA) and fire risk assessments (FRAs) play a vital role in managing fire risk at an acceptable level. While there are various causes for fires and explosions, robust FRAs based on pragmatism and optimum allocation of resources could help minimize fire/explosion mishaps.
Thai SCG Chemicals unit seeks Vietnam tariffs as operations at new complex remain suspended
Vietnam's Long Son Petrochemicals, a unit of Thailand's SCG Chemicals, is lobbying Vietnam to impose tariffs on imported polyethylene and polypropylene, as operations at its new $5.4 billion petrochemical complex remain suspended due to low margins.
Zeeco offering presents comprehensive industrial-scale pilot plant solutions
Zeeco’s Advanced Research Complex (ARC) is the newest addition to Zeeco’s Global Technology Center (GTC) in Broken Arrow, Oklahoma (U.S.), which is also home to the world’s largest industrial-scale combustion research and test facility. Company leaders say the ARC concept was designed to provide heavy industries with multiple fully equipped pad sites ready to be utilized for the design, development and testing of new combustion and pollution control technologies.
Chevron to lay off up to 20% of global workforce
Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said, as it seeks to cut costs, simplify its business and complete a major acquisition.
Alfa Laval to acquire NRG Marine, offering ultrasonic anti-fouling solutions
Alfa Laval has signed an agreement to acquire NRG Marine, a leading provider of ultrasonic anti-fouling solutions for marine, oil and gas, and industrial applications, headquartered in the UK.
Pertamina partners with ABL to enhance asset management at its Cilacap refinery (Indonesia)
Pt. Kilang Pertamina Internasional has appointed ABL’s asset integrity management unit to further enhance asset management at the Indonesian national energy company’s Cilacap Refinery Unit IV, located in Central Java, Indonesia.
Russia's Sibur suspends output at petrochemical plant east of Moscow after drone attack
Russian petrochemicals giant Sibur said on Wednesday it had temporarily suspended production at its plant in the Nizhny Novgorod region due to a Ukrainian drone attack.
Banyan Software acquires FoxInsights, an IoT-based remote tank monitoring solutions provider
Banyan Software, a leading acquirer and permanent home for great enterprise software businesses, has acquired FoxInsights GmbH, a market leader in Internet of Things (IoT)-based remote tank monitoring (RTM) and data-driven asset management solutions for the energy sector.
Schneider Electric, MaxGrip partner to improve asset performance for customers
Leveraging MaxGrip’s Asset Improvement Program, Schneider Electric will further support customers in their digital transformation journey by providing a comprehensive asset lifecycle management program.
Update to ISA/IEC 62443 Standards addresses organization-wide cybersecurity
The International Society of Automation (ISA) — the leading professional society for automation — has announced the publication of ANSI/ISA-62443-2-1-2024, “Security for industrial automation and control systems.” This is the latest update to the ISA/IEC 62443 series of standards, the widely used global consensus-based automation and control systems cybersecurity standards.
- Borouge set to boost production capacity to over 6.6 MMtpy 4/28
- Sri Lanka to begin talks with India, UAE for new energy hub 4/28
- S-Oil posts refining, petrochemical losses; expects US tariffs to affect margins in Q2 4/28
- Kuwait Petroleum's stake investment in China Wanhua Chemical's unit valued at $638 MM 4/28
- Chemical maker LyondellBasell misses quarterly profit estimates on weak volumes 4/28
- Trump administration (U.S.) to allow temporary sales of summertime higher-ethanol fuel 4/28
