Turnarounds and capital projects are more complex than ever, and incur significant financial risks, but some owners are finding multimillion-dollar savings by automating manual paper-based processes.
Drone developments including sense and avoid technology, algorithms to analyse machine learning, automated flight patterns, and weather proofing are allowing petrochemical and energy project teams to inspect complexes faster and safer after major storm events...
The energy industry is lagging other sectors on the race to adopt digital technology, but increases in capital investment are pushing digital transformation now more than ever, industry analysts told Petrochemical Update.
The U.S. Shale boom is fueling another wave of petrochemical projects and with $185 billion expected in potential capital investment, effective contract provisions and controls for managing these projects is paramount, an industry attorney told Petrochemical...
Craft labor supply is under pressure from rising construction demand and a new online tool is set to simplify productivity metrics and benchmark against other projects to cut costs and spur workforce development.
Refinery operators must integrate priority Key Performance Indicators (KPIs) into the tendering and planning of turnarounds and collaborate early with contractors in order to control costs, industry experts said.
