Information Systems
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.
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.
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.
- Envision Energy powers world's first green marine ammonia bunkering 7/25
- New catalyst breakthrough could make clean ammonia easier to produce 7/25
- U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses 7/25
- CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions 7/25
- PetroChina makes FID for new northeast refinery complex 7/25
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
