Loss Prevention
Libya needs a week to repair blown-up oil pipeline
TRIPOLI/BENGHAZI, Libya (Reuters) — A Libyan crude oil pipeline blown up on Tuesday will take about a week to repair, the head of state oil firm NOC told Reuters on Wednesday.
Ineos presses ahead with crude pipeline repairs
LONDON (Reuters) — Ineos said repairs to Britain’s Forties crude pipeline were underway on Wednesday, after a crack was found that closed the pipeline on Dec. 11.
Britain's biggest oil pipeline shut ‘for weeks’ for repairs
LONDON (Reuters) — Britain's largest oil pipeline could shut down for weeks for unscheduled repair work, sending the price of crude to new 2-yr highs and triggering a steep rally in natural gas prices, just as a cold snap sweeps the country.
Explosion at Petroperu crude oil tank kills two workers
LIMA (Reuters) — An explosion at a Petroperu crude oil tank killed two men who had been performing maintenance work on Wednesday, the state-owned oil company said.
Honeywell survey shows low adoption of industrial cyber security
HOUSTON — Honeywell released a new study showing industrial companies are not moving quickly to adopt cyber security measures to protect their data and operations, even as attacks have increased around the globe.
Catcracker halted at Venezuela's Cardon refinery
PUNTO FIJO, Venezuela (Reuters) — The catalytic cracker at Venezuela’s 310,000 bpd Cardon refinery has stopped due to faults, a union leader and two workers said on Friday.
ADIPEC ’17: Energy sector overtaking finance as cyber-crime target in Middle East
ABU DHABI, UAE — Energy is overtaking banking and finance as a target for cyber-criminals in the Middle East, yet companies in the sector are leaving themselves significantly more open to a successful attack, leading international experts have told the Security in Energy conference in Abu Dhabi.
Tenable, Siemens form partnership to secure critical infrastructure
Tenable, Inc., a cyber exposure company, and Siemens announced a strategic partnership to help energy, utilities and oil and gas companies close the industry readiness gap with a new solution for industrial asset discovery and vulnerability management.
XOS launches analyzer for testing critical elements in petroleum refineries
ALBANY, N.Y. — XOS has announced the worldwide release of Petra MAX, a new D4294 analyzer with combined analysis of 13 elements from P to Zn. Petra MAX delivers high-precision sulfur analysis in addition to rapid monitoring of critical elements like Ca, Fe, K, Ni, and V at sub-ppm levels.
Using an improved method of capitalized cost to evaluate alternatives
The method of capitalized cost is often used to determine the most desirable economic alternative. In its most simplified form, it consists of the original cost of an alternative plus the capital cost of a perpetuity needed to generate funds to replace the item at known intervals of useful-life.
- The Shipping Corporation of India and Mazagon Dock Shipbuilders sign contract for methanol dual fuel platform supply vessel 3/20
- Technip Energies invests in Verso Energy’s DEZiR eSAF project in Rouen 3/20
- Honeywell’s commercial launch of AI-powered control room assistant follows successful pilot 3/20
- Serbia secures U.S. sanctions waiver for its NIS oil firm 3/20
- Tanker carrying fuel originally bound for Cuba diverts to Trinidad 3/20
- Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices 3/20
