Information Systems
DNV launches recommended practice for a common digital language in the energy sector
DNV has released DNV-RP-0670 Asset information modeling framework to improve asset information management in the energy sector. This recommended practice (RP) addresses challenges in engineering assets by enhancing information flow among organizations, individuals and IT applications.
Digital Exclusive: The implementation and automation of an alarm management system in a complex control environment at KNPC’s Mina Al-Ahmadi refinery
With the recent advancements in technology and availability of control support applications, the role of an alarm management system (ALMS) has taken a center stage to fulfill the requirements of safe and enhanced operations. This article details how refinery personnel implemented an ALMS at KNPC's Mina Al-Ahmadi refinery in Kuwait, especially with the facility's complex control rooms and multiple distributed control 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.
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.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
