Project Management
US, Vietnam firms sign MOU for oil and gas cooperation
The MOU formalizes the deepening relationship between Honeywell and PetroVietnam and further confirms a common vision of developing a cooperative partnership in oil and gas.
Reliability: Principles are more important than strategies
A number of US oil refineries have recently asked the question, “When should an equipment repair be classified as rework?”
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.
- Europe's chemical industry seeks a lifeboat to stay in business 7/21
- BlackRock-led group set to invest in $10 billion Aramco Jafurah infrastructure deal 7/21
- Yara announces possible new ammonia projects in the U.S. 7/21
- German chemical lobby VCI sees no sector recovery before 2026 7/21
- India's Numaligarh Refinery extends key green hydrogen tender date amid Assam policy uncertainty 7/21
- Hynfra and JK Srivastava Group to build $4-B green hydrogen and ammonia hub in India 7/21
