One of the unfortunate realities of automation in process industries is the stubborn inability to improve on the weakest link of the chain: human beings.
It is no secret that capital costs of major projects have skyrocketed over the past decade. A July 2015 industry report noted that the average megaproject’s cost increase is 80% of its original value, with an average schedule slippage of 20 months.
The drop in oil prices has changed the overall dynamics of the hydrocarbon processing industry (HPI), as well as reduced prices for petrochemical products. Approximately $150 B of oil and gas projects have been canceled or put on hold.
Dr. Christoph Wegner will become president of BASF’s Information Services and Supply Chain Operations division, effective December 1, 2016.
As the industry works through the most volatile conditions in more than a generation, refiners are facing several challenges that will define the industry in the next decade.
Courtney McShane has joined Willbros Group Inc. as director of business development for the Marcellus Shale region and Eastern Seaboard.
Dr. Alexander Horch has been named as the new head of development at HIMA Paul Hildebrandt GmbH.
Amec Foster Wheeler Plc named Halliburton executive Dr. Jonathan Lewis as chief executive officer (CEO), effective June 1.
Elliott Group has made changes to its executive team. Michael Lordi has been named as chief operating officer (COO), succeeding Art Titus, who is retiring after nine years.
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.