Digital transformation in oil and gas: Is the hype justified and is the industry going far enough?
Until a few years ago, the term Industrial Revolution referred to the significant technological changes that began in the late 1700s with the advent of the steam engine, leading to the mechanization of work and the unprecedented economic growth and prosperity that followed.
In April, ExxonMobil launched its 2018 Basestocks Industry Pulse Report. Supported by survey responses from 300 base oil decision makers around the world, the report reveals their own perspectives into the key market trends and industry drivers in the base oils business.
The oil and gas industry is no stranger to the power of Industry 4.0 solutions that aggregate sensor and planning/forecasting data into a single shared view, as well as deliver valuable analytics and real-time alerting capabilities.
As the technology surrounding unmanned aerial vehicles (UAVs), or drones (FIG. 1), continues to advance, so too do the ways they are used.
In the recent past, many US refineries have been reconfigured to process heavy opportunistic sour crudes.
Miles of cables of various diameters are routed into new process plants, industrial plants, petrochemical plants, refineries and other industrial applications.
The sheer volume of equipment in a refinery—from vessels, columns, huge structures and mazes of pipes to pumps, valves, controllers and instruments—is staggering.
Jenny Hebert and George Yaluris of Albemarle accept the HP Award for Best Catalyst Technology.