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.
When I started working in industry 50 years ago, it was management’s job to have a senior engineer watch over my work. Much of the quality of my analytical work and technical discipline were formed early in my career with help from these engineers.
Energy producers are under tremendous pressure to reduce operational costs and maximize efficiency throughout the value chain. This is easier said than done.
In the publishing business, a key editorial responsibility is ensuring the integrity of all articles that are chosen for publication. This column elaborates on additional ways that prospective authors can help ensure that readers trust what we print.
Owner-operators across the hydrocarbon processing industry (HPI) strive to gain maximum business value from their process plant assets. Here, automation assets and other operational technology (OT) typically play a major role.
The world economic order is rapidly changing. A transition is underway, led by the sudden collapse of crude oil and natural gas prices. Here, the pros and cons of modularization vs. field construction are outlined.
Gathering accurate data is essential for failure analysis and other types of research.
In the downstream industry, where production is at an all-time high and uncompromised safety is imperative, plant owners and operators are responding by implementing the latest time-saving technologies and systems to automate and improve human processes.
GE and Baker Hughes have entered into an agreement to combine GE’s oil and gas business and Baker Hughes to create a world-leading oil and gas technology provider with a unique mix of service and equipment capabilities.
Commercializing a new chemical process can be as simple as installing one or more homogenous batch reactor(s), or as complex as designing a fully integrated chemical complex requiring one or more heterogeneous reaction steps processing gas, liquid and/or solids, with other units required to prepare feeds, recover products/byproducts and recycle streams.