Project Management
Business Trends: Global petrochemical overview—Part 2
Part 1 of this series provided an overview on the present state of the petrochemical industry, a breakdown on construction project numbers by region, as well as major trends in Africa, the Middle East and the US. Part 2 examines the landscape in Asia-Pacific, Canada, Europe and Latin America.
People
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.
Strategic assessment of the Iranian petrochemical industry
The recent agreement between Iran and the international community represents clear opportunities and challenges for petrochemical producers.
In-depth and preemptive front-end planning yields positive project results
Despite the challenges that major projects can present (short deadlines, budget constraints and overruns, unforeseen problems onsite and tension throughout executive teams), they can also prove to be a win-win for both the owner and the engineering, procurement and construction (EPC) firm.
Viewpoint: Pave the way to safer, more productive plants with the IIoT
The next generation of manufacturing will be driven by connectivity. It is happening today in modern plants: the Industrial Internet of Things (IIoT) is enabling manufacturers to embed physical objects with the capacity to both communicate with and sense the world around them.
People
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.
SOCAR selects KBR venture to manage Baku refinery modernization
Total capacity will be increased from 6 MMtpy to 7.5 MMtpy, while the catalytic cracking unit will be raised from 2 MMtpy to 2.5 MMtpy. Euro 5 standards will be established for all refined products.
Central American nations beef up import infrastructure, fuel production amid demand shift
   Methanex’s methanol facility in Trinidad.
Automation Strategies: Data analytics solutions require valid data
Process plants collect enormous amounts of data, both from the sensors connected to the control system and from other sources, including edge devices in the plant and remote devices in the cloud.
Project Management: Protect operating margins with outsourced asset management
The oil and gas sector is under pressure to maintain operating margins. Although oil prices have stabilized in recent months, they have, nonetheless, fallen dramatically in the last year. This has bee..
- Technip Energies awarded two large contracts by BPCL for new units at Bina and Mumbai refineries in India 1/28
- ADNOC and TAQA announce 27-yr utilities agreement with TA’ZIZ, enabling world-scale chemicals production at Ruwais 1/28
- BASF to open global digital hub in India in Q1 2026 1/28
- Solvay inaugurates Europe’s first bio-circular silica facility in Italy 1/28
- Nikkiso’s next-generation marine fuel cryogenic pump skids to support dual-fuel vessel conversions 1/28
- Indian diesel exports to West Africa jump as EU bans Russian crude-derived fuel 1/28
