Refining
GE and Baker Hughes to create fullstream digital industrial service company
GE and Baker Hughes have entered into an agreement to combine GE’s oil and gas business and Baker Hughes to create a world-leading oil and gas technology provider with a unique mix of service and equipment capabilities.
ExxonMobil warns low oil prices may dent reserves nearly 20%
Exxon Mobil Corp. warned it may need to slash proved reserves on its books by nearly 20% if oil prices stay low for the rest of 2016.
S.Korea's SK Innovation sees firm refining margins on tighter market
SK Innovation Co., which owns South Korea's largest refiner, expects refining margins to remain firm in 4Q due to low oil product inventories and seasonal demand.
Rockwell Automation expands information solutions offerings
By the year 2020, more than 50 B devices are expected to be connected to the internet. These devices are getting smarter and consequently, will help make manufacturing smarter.
ExxonMobil begins production at Port Allen aviation lubricants plant
The 90,000 square foot facility is part of a $200-MM investment to expand ExxonMobil’s integrated chemical and lubricants complex in Baton Rouge, which is already one of the largest petrochemical hubs in the world.
Rule changes help India's oil market act its size
Freed from a layer of fusty bureaucracy, India's state refiners are helping the country evolve an oil market that reflects its status as both the world's fastest growing major economy and oil consumer.
India's $20-B refinery expansion to cut fuel oil output
India may turn into a net importer of fuel oil as its state-owned refiners are making multi-billion dollar investments to upgrade their refineries.
Saudis, Mideast producers vie for China's teapot crude imports
Top global oil exporter Saudi Arabia is looking at new ways to sell crude to China, offering more cargoes at spot prices and more lenient payment terms.
Schneider Electric reduces risk, enhances maintenance with cyber protection services
Schneider Electric has introduced new cybersecurity protection services designed to help industrial customers manage and secure their connected plants.
Emerson launches holistic asset monitoring platform to improve reliability and plant availability
Emerson introduces the AMS ARES Platform, designed to prioritize and deliver asset and device health data, enabling maintenance decisions that increase operational and asset availability.
- Shell, CNOOC take FID on 1.6-MMtpy petrochemical complex expansion in China 1/15
- Plug Power seals huge deal with Allied Green Ammonia for 3-GW electrolyzer system 1/15
- Russian oil products trapped at sea by U.S. sanctions 1/15
- California (U.S.) withdraws clean truck EPA waiver request ahead of Trump inauguration 1/15
- Amazon orders 200 new electric heavy trucks from Daimler for Germany, UK 1/15
- Colonial Pipeline shuts main gasoline artery after potential gasoline spill 1/15
