The 2018 Atlantic hurricane season, including the recent Hurricane Florence, has brought an uncomfortable amount of uncertainty in predicting the severity of each developing storm, the American Chemistry Council (ACC) said.
Downstream operators are using the latest technology to accelerate execution of turnarounds, maintenance and major projects, but many projects are often missing the communication aspect, according to analysts.
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...
