SK Innovation Co., which owns South Korea's largest refiner, expects refining margins to remain firm in 4Q due to low oil product inventories and seasonal demand.
By the year 2020, more than 50 B devices are expected to be connected to the internet. These devices are getting smarter and consequently, will help make manufacturing smarter.
The 90,000 square foot facility is part of a $200-MM investment to expand ExxonMobil’s integrated chemical and lubricants complex in Baton Rouge, which is already one of the largest petrochemical hubs in the world.
Freed from a layer of fusty bureaucracy, India's state refiners are helping the country evolve an oil market that reflects its status as both the world's fastest growing major economy and oil consumer.
India may turn into a net importer of fuel oil as its state-owned refiners are making multi-billion dollar investments to upgrade their refineries.
Top global oil exporter Saudi Arabia is looking at new ways to sell crude to China, offering more cargoes at spot prices and more lenient payment terms.
Schneider Electric has introduced new cybersecurity protection services designed to help industrial customers manage and secure their connected plants.
Emerson introduces the AMS ARES Platform, designed to prioritize and deliver asset and device health data, enabling maintenance decisions that increase operational and asset availability.
China’s Dongying Qirun Chemical Co. will license Honeywell UOP’s Unicracking technology for the production of diesel and naphtha at its refinery in China’s Shandong Province to meet growing domestic demand for transportation fuels.
Croatia is considering shutting down or changing the use of one of its two oil refinery sites, implying the government does not expect to secure investment to finance an upgrade of the plant.