Industry News

Honeywell And Wood Collaborate To Deliver Advanced Refining And Petrochemical Solutions Through Connected Plant Technology

By nisa | 9th April 2019

DES PLAINES, Ill., March 18, 2019 /PRNewswire/ — Honeywell (NYSE: HON) and Wood will work together through the Honeywell Connected Plant platform to commercialize digital services that help oil refiners make their operations safer, more efficient and more reliable. Honeywell UOP, a leading provider of technologies for the oil and gas industry, has partnered with Wood to embed Wood’s process…Read more

Malaysian govt welcomes tech firm’s commitment to IR 4.0

By nisa | 9th April 2019

A recent report noted that a Fortune 100 global technology and software-industrial company, has reaffirmed its strong commitment and continued contribution towards the growth and development of Malaysia’s Industry 4.0 agenda. This was welcomed by the International Trade and Industry Minister during his visit to the firm’s Technology Experience Center (HTEC) in Washington DC, USA. The Minister…Read more

AXENS’ Technologies for HPCL Rajasthan Refinery in India

By nisa | 9th April 2019

HPCL Rajasthan Refinery Ltd. (HRRL), a joint venture company between HPCL and the Government of Rajasthan, India, has selected Axens (Rueil-Malmaison, France; www.axens.net) to supply several advanced technologies for its state-of-the-art 9 MTPA integrated refinery and petrochemical complex to be set in Pachpadra Tehsil of Barmer District of Rajasthan. As part of the project, Axens will…Read more

How AI is bringing sweeping changes to the oil industry

By nisa | 9th April 2019

FUTURE technologies such as artificial intelligence and machine learning are sweeping businesses across all industries, transforming them in ways that never before thought possible. Among the many sectors that have started to reap the benefits of embracing AI is the oil and gas industry, and the technology is expected to boost the efficiency and safety of…Read more

Adnoc, Mubadala to explore downstream, refining prospects

By rahmah | 14th December 2018

The Abu Dhabi National Oil Company (Adnoc) and Mubadala Investment Company have partnered to explore growth prospects in Mubadala’s refining and petrochemicals assets and Adnoc’s downstream investment ambitions. The Abu Dhabi National Oil Company (Adnoc) and Mubadala Investment Company have signed a framework agreement to explore potential global growth opportunities that build on Mubadala’s diverse…Read more

The Race Is On For Philippines’ First LNG Terminal

By rahmah | 14th December 2018

News coming out of the Philippines is that yet another group of companies is trying to be the first to build a working liquefied natural gas (LNG) receiving terminal in the Philippines. On Wednesday,  Philippine power company First Gen Corp. and Tokyo Gas said they had signed a preliminary agreement to jointly develop a LNG import terminal…Read more

Pertamina ready to work on the Bontang refinery project

By rahmah | 14th December 2018

PT Pertamina (Persero) and Overseas Oil & Gas (OOG) are committed to running the grass root refinery (GRR) project or the construction of a new refinery in Bontang. This commitment was marked in a Framework agreement between the two companies to build a 300 000 bpd refinery and Petrochemical in Bontang, East Kalimantan. OOG is a…Read more

India’s energy sector to attract $300 bn investment in coming decade: Pradhan

By rahmah | 14th December 2018

New Delhi: Oil Minister Dharmendra Pradhan today said that the global investor industry has its eyes on India’s growing energy sector and investments in the tune of $300 billion is expected in the sector in the coming decade. “The global investor industry is today keenly looking at Indian energy sector as an attractive investment destination. About 300…Read more