Management
Viewpoint: Pave the way to safer, more productive plants with the IIoT
The next generation of manufacturing will be driven by connectivity. It is happening today in modern plants: the Industrial Internet of Things (IIoT) is enabling manufacturers to embed physical objects with the capacity to both communicate with and sense the world around them.
People
Marathon Petroleum Corp. has named Gary Heminger, the company's president and CEO, to succeed Thomas Usher as chairman of the board, in addition to his current duties.
Editorial Comment: Corrosion prevention is a necessary cost
Corrosion is a major maintenance and reliability concern because it has the potential to impact not only plant operations and costs, but also the environment and worker health and safety.
Project Management: Protect operating margins with outsourced asset management
The oil and gas sector is under pressure to maintain operating margins. Although oil prices have stabilized in recent months, they have, nonetheless, fallen dramatically in the last year. This has bee..
People
Clariant has appointed Britta Fuenfstueck as a new member of its executive committee.
Enhance PSM design with metrics-driven best practices
This study shows the attributes and benefits of a data- and metrics-driven system focused on the process safety design integrity, reliability and control of process plant flares and pressure relief systems.
Innovations
In a market with reduced capital investment budgets, revamps and upgrades are becoming increasingly prevalent to extend asset service life.
People
Smaller-scale gas-to-liquids (GTL) specialist Velocys Plc has named David Pummell as chief executive officer (CEO).
Honeywell acquires remaining 30% stake of gas processor UOP Russell
In 2012, Honeywell acquired a 70% stake in the Thomas Russell Co. to form UOP Russell, which became part of Honeywell UOP.
Use discrete event simulation as decision support for storage and shipping—Part 1
Over the past decades, one engineering firm has been using discrete event simulation (DES) to study shipping and storage as an integral part of project execution throughout all phases of a process facility’s design, construction and operations.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
- Baker Hughes, Giammarco Technologies to advance and commercialize hot potassium carbonate for post-combustion carbon capture 1/30
