UK’s acute cyber-security talent shortage is “a ticking time-bomb”, finds new study
10/09/2020 – News / Business / Cyber-Security / Online / Remote Working / Skills Gap / HR / UK / Infosec
A new study suggests that half of UK companies do not have adequate cyber-security provision to allow for 100-per-cent remote working. And in Europe as a whole, the situation is even more concerning.
Virtalis and Lanner’s digital twins mean firms can now watch, replay and fast-forward their businesses
28/08/2020 – News / Technology / 3D / Simulation / Visualisation / Digital Twin / Lanner / Virtalis
Lanner, a company of Royal HaskoningDHV, and Virtalis have announced they are further strengthening their partnership to deliver the value of integrated predictive simulation and visualisation capabilities for digital twin environments.
Europe’s gas experts to converge in Croatia
27/08/2020 – News / Event / Exhibition / Gas / Technology / Croatia
For the 35th time, Croatia will host southeast Europe’s leading international gas conference and expo, with professionals set to explore key trends, challenges and technologies emerging across the entire natural gas chain.
Amid Covid-19, Saudi Electric offers support to boost KSA’s industrial activity
04/08/2020 – News / Energy / Power Utilities / Saudi Electricity Company / SEC / Saudi Arabia
Covid-19 has negatively impacted firms across all industries, yet power utilities have been quick to adapt to the situation and ensure business continuity. Saudi Electricity Company (SEC) – the Kingdom’s state-owned utility – has launched numerous measures designed to support its industrial customers and boost the economy.
IE Expo to help advance China’s ambitious environmental roadmap
17/07/2020 – News / Environment / Technology / Sustainability / Event / Tradeshow / IE Expo / China
IE Expo China – Asia’s leading trade fair for environmental technology solutions – returns to Shanghai from 13–15 August, opening its doors following the Chinese government’s announcement of a new 15-year ecological protection and recovery plan aimed at building a “Beautiful China” by 2035.
Liebherr develops remote service app
13/07/2020 – News / Technology / Service App / Digital / Maritime / Cranes / Liebherr
Liebherr has expanded its digital product portfolio for crawler cranes, deep foundation equipment and maritime cranes with the development of a Remote Service tool. The technology is proving particularly advantageous during the current Covid-19-related restrictions.
Innovative pipeline solutions to be showcased at dedicated TOGC 2020 expo
07/07/2020 – News / Oil & Gas / Energy / Pipelines / Technology / Innovation / Exhibition / TOGC / Italy
From 16–17 November 2020 in Milan, Italy, the closed-door Transportation Oil & Gas Congress 2020 (TOGC 2020) will see midstream industry experts gather to explore cutting-edge technologies and solutions for the pipeline industry, with groundbreaking products and services set to be presented within the TOGC focus exhibition area.
Metso Minerals merges with rival Outotec
01/07/2020 – News / Minerals / Metals / Aggregates / Metso / Outotec / Finland
Finnish industrial rivals Metso and Outotec have jointly announced the combination of Metso Minerals and Outotec to create a leading company in process technology, equipment and services serving the minerals, metals and aggregates industries. Meanwhile, Metso Flow Control will become a separately-listed, independent flow control equipment and services company under the name of Neles Corporation.
New transparent pressure tanks set to halve R&D time and enhance production
22/06/2020 – News / Science & Technology / Engineering / R&D / SR-TEK / CT Series / Pressure / Tanks
A newly launched series of clear pressure tanks from SR-TEK is reducing research and development time by allowing engineers and scientists to observe reactions and make changes in real-time.
Wärtsilä to deliver advanced emissions abatement tech for Knutsen shuttle tankers
06/06/2020 – News / Maritime / Shipping / Tankers / Emissions / CO2 / Wärtsilä
A new contract will see Wärtsilä Corporation’s deliver advanced emissions abatement technology to be utilised in new generation of shuttle tankers, driving down these vessels’ CO2 equivalents (CO2e) emissions by as much as 35 per cent.
ABB inks deal to supply tech for new Finnish bio-product mill
21/05/2020 – News / Technology / Bio-products / Pulp / Electrification / ABB / Metsä / Finland
ABB has signed a preliminary, binding agreement that would see the technology leader deliver approximately €40 million worth of electrification and drive technology solutions to a planned bio-product mill in Kemi, northern Finland owned by Metsä Fibre – the world’s largest producer of softwood pulp.
Supply-chain diversification from China creates opportunities for global power utilities and OEMs
13/05/2020 – News / Power / Equipment / Technology / Utilities / OEM / China / Asia / GlobalData
The diversification of power equipment suppliers from China is likely to intensify as firms increasingly look to new markets in South East Asia for their supply chain needs, according to GlobalData.
Signing of KSA’s largest BOT agreement heralds major transformation at King Abdulaziz Port
01/05/2020 – News / Shipping / Container Terminal / BOT / Saudi Ports Authority / Saudi Global Ports
Saudi Ports Authority (MAWANI) and Saudi Global Ports (SGP) have signed a new Build, Operate and Transfer (BOT) agreement for the Container Terminals in the King Abdulaziz Port in Dammam over a virtual signing ceremony. Representing an investment of over seven billion Saudi riyals, the new deal represents the largest BOT agreement in the Kingdom’s history.
SUEZ announces solidarity plan in response to Covid-19
29/04/2020 – News / Utilities / Water / SUEZ / Covid-19 / Donations / CSR / Leadership
France-headquartered water utilities giant SUEZ is reinforcing its support measures to provide additional financial resources to fight Covid-19 impacts. These include compensating workers placed on partial unemployment, reducing the Group’s dividend, and its executive committee members donating one-quarter of their salaries to finance research and provide support for healthcare workers during the lockdown period.
InfinityQS to offer free use of quality intelligence platform to support manufacturers during COVID-19 crisis
22/04/2020 – News / Technology / Data / InfinityQS / Enact / Quality / Intelligence / Platform / QC / QA
InfinityQS, a leading player in data-driven enterprise quality, is supporting the manufacturing community during the COVID-19 pandemic by offering free use of its Quality Intelligence platform, Enact®, for three months – at no charge and with no commitment required.
Chemical sector should prepare for extended downturn, say experts
20/04/2020 – News / Business / Chemical Sector / Oil / Global
The global chemical sector should prepare for an extended downturn along with lower-for-longer oil prices, both of which will have big implications for profitability and investments, according to Joseph Chang, Global Editor of Independent Commodity Intelligence Services (ICIS) – Chemical Business.
3D printers can help solve the coronavirus crisis, but firms need more government guidance
17/04/2020 – News / Manufacturing / 3d printers / Covid-19 / Ventilators / Pulsar Fusion
Business owners with additive manufacturing and 3D printing capabilities are calling on the UK government to tell them how they can best help the effort to build more ventilators for the NHS.
PowerCell inks deal with leading European shipyard for fuel cell system development
14/04/2020 – News / Shipping / Marine / Fuel Cell / Technology / Hydrogen / PowerCell / Volvo / Sweden
PowerCell Sweden AB – an industrial spinout from the Volvo Group, established in 2008 – has signed a contract with a leading European shipyard regarding the development and delivery of a three-megawatt marine fuel cell system.
Frost & Sullivan webinar on how to ‘Respond, Reset, and Rebound’ from COVID-19 market impacts
02/04/2020 – News / Business / Webinar / Covid-19 / Frost & Sullivan / Strategy / Crisis Response
Leading consultancy and research firm Frost & Sullivan will be sharing its research and strategy expertise in a webinar next week (Thursday 9th April) designed to help businesses identify an actionable framework for overcoming the market fall-out from the coronavirus crisis.
Eka releases free COVID-19 risk-monitoring app to help firms secure their supply chain
26/03/2020 – News / Technology / Apps / Cloud / COVID-19 / Eka Software Solutions
Eka Software Solutions, the number-one cloud platform for commodity management, has announced the release of its COVID-19 Risk Monitoring – a free app designed to help customers and prospects quickly gain visibility into supply chain risks in order to better assess and mitigate risk.
Autonomous tech can mitigate business impacts of coronavirus
17/03/2020 – News / Technology / Autonomous / Drones / Business / Coronavirus / Percepto
The coronavirus has exposed the soft underbelly of critical infrastructure and industrial sites worldwide – workforce availability. However, autonomous technology can mitigate such business impacts, according to Ariel Avitan, Co-Founder & Chief Commercial Officer at Percepto.
Remote working will become ‘new normal’ that helps many firms through crisis – and comms tech will make it happen
17/03/2020 – News / Remote Working / Audio-Visual / Teleconferencing / Telecommuting / Technology / Aver
In times of crisis, for a business to continue to function through remote working is increasingly important – and with it, advancements in the communications technology that makes it work, says Rene Buhay of AV manufacturer AVer Europe.
Global Water Summit 2020 announces new dates following postponement
16/03/2020 – News / Utilities / Water / Event / Spain
Global Water Intelligence (GWI) hosts the Global Water Summit each year in the spring. This year’s edition was slated to take place 29th–31st March in Madrid. However, due to the ongoing disruption and newly imposed travel restrictions resulting from the COVID-19 outbreak, the Summit has been postponed. Organisers have announced it will now take place on 30th August – 1st September.
Crude collapse to crush US petchem advantage
12/03/2020 – News / Petrochemicals / Crude / Price / Industry / US / Coronavirus / Petrochem
The collapse in crude oil prices is wiping out much of the US petrochemical competitive advantage, while global demand is being slammed by the continuing spread of the coronavirus, reports Joseph Chang, Global Editor, ICIS Chemical Business.
The Big 5 Construct Qatar wins ‘Green Corporate Event’ prize
12/03/2020 – News / Construction / Building / Sustainability / Big 5 / Qatar / Tradeshow / DMG
International construction show The Big 5 Construct Qatar, which is gearing up for its third edition later this year, has taken the prize for ‘Green Corporate Event’ at the fourth annual Qatar Sustainability Awards.
Credit outlook for oil & gas sector changes to ‘negative’ for 2020
10/03/2020 – News / Oil & Gas / Saudi Arabia / OPEC / Russia
The credit outlook for the integrated oil and gas sector in 2020 has worsened to negative from stable, with oil prices set to average well below US$50 a barrel this year – even if Russia and Saudi Arabia ultimately agree to extend their oil output deal.
German business leaders visit KSA to explore opportunities in the Kingdom's transport sector
05/03/2020 – News / Transportation / Saudi Arabia / KSA / Investment / Business / Transport / Germany
The Saudi Minister of Transport, H.E. Saleh bin Nasser Al-Jasser, has met with an official delegation of German business leaders to explore the most promising opportunities in Saudi Arabia’s transport sector. The meeting took place at the received at the Ministry’s headquarters in Riyadh.
Metso celebrates First Pour at new foundry in Vadodara, India
05/03/2020 – News / Metso / India / Vadodara / Foundry / Manufacturing / Metals
In 2018, Finland-headquartered industrial solutions giant Metso announced a greenfield foundry project in Vadodara, in India’s Gujarat state, with a target to increase the casting wears capacity for the mining and aggregate industries. The ‘First Pour’ event of the new project was recently celebrated in India – and the foundry is expected to start production for customer deliveries for local and global markets this month.
GCC industry event addresses global carbon circular economy challenge
02/03/2020 – News / Energy / Saudi Aramco / Event / Saudi Arabia / iCCUS 2020 / CO2
Last month, KSA’s energy giant Saudi Aramco hosted the international Carbon Capture, Utilization & Storage conference 2020 (iCCUS 2020) in Riyadh, as the region’s industrial community explores one of the major solutions for limiting CO2 emissions.
The Big 5 Saudi expands heavy machinery offering amid KSA’s infrastructure demand
18/02/2020 – News / Construction / Infrastructure / Heavy Machinery / DMG Events / The Big 5 Saudi
Organiser of The Big 5 Saudi, dmg events LLC, has announced the addition of a new outdoor area to facilitate the increased presence of PMV and heavy machinery exhibitors at the premier event, which returns to Jeddah in March for its 10th edition.
Ørsted’s remarkable transformation earns it world’s most sustainable business accolade
18/02/2020 – News / Renewables / Orsted / Denmark / Sustainability / Energy / Decarbonisation
Danish energy firm Ørsted is the world's most sustainable company, according to the recently announced Global 100 ranking. Having completed a fundamental business transformation from fossil fuels to renewables over the past decade, Ørsted is now urging all countries and companies to reduce their carbon emissions to help limit global warming to 1.5ºC.
Rebrand of top petroleum show reflects energy industry’s evolution
18/02/2020 – News / Energy / Petroleum / Oil / Gas / Show / Exhibition / Conference / Canada / Calgary
Global Petroleum Show – North America's leading energy event – has announced a complete rebrand to ‘Global Energy Show’ to reflect the industry's continued evolution, as the show builds upon significant technological and sustainable achievements driven by oil & gas and moves to also encompass alternative energy sources. The rebrand comes in advance of the 54th edition of the annual show, taking place in Calgary this June (9th–11th).
Middle East to help boost ‘smart cities’ technology market to US$1.7 trillion by 2023
13/02/2020 – News / GCC / Smart Cities / Technology / 5G / Dhabi / WFES / Transportation
Increased adoption of automation will play a crucial role in boosting the global smart cities market to US$1.7 trillion by 2023, according to industry experts – and developments in the Middle East are helping to drive smart city innovation – from the UAE’s Masdar City, Bee’ah headquarters, and hyperloop connecting Abu Dhabi to Dubai, to Saudi Arabia’s NEOM smart city, and Egypt’s New Administrative Capital in East Cairo.
SAEV to invest $500m in renewables and efficiency tech to diversify energy mix
13/02/2020 – News / Energy / Renewables / Technology / Saudi Aramco Energy Ventures
Saudi Aramco Energy Ventures (SAEV), the corporate venture capital arm of KSA’s state-owned oil giant, is planning to set up a US$500m fund to promote energy efficiency and renewable energy solutions.
6 tech trends that WON’T be ready in 2020
13/02/2020 – News / Technology / Trends / ABI Research / Global
As with every new year, predictions on technology advancements are in abundance. After a tumultuous 2019 beset by many challenges – both integral to technology markets and derived from global market dynamics – 2020 looks set to be equally challenging, according to ABI Research, which has outlined a number of tech trends that it predicts are unlikely to come to fruition this year.
Global chemicals trade threatened by Middle East escalation
11/02/2020 – News / Chemicals / Trade / Iran / Supply / Industry / Risk / Middle East / ICIS
Military action leading to closure of the Strait of Hormuz between Iran and Saudi Arabia could seriously disrupt global trade in chemicals and oil products, says Will Beacham, Deputy Editor of ICIS Chemical Business – with a knock-on effect for the world’s already fragile manufacturing economy.
Carbon tax waiver on coal may pose risk to India’s renewable energy growth
11/02/2020 – News / Coal / India / Power / Renewables / Carbon / Tax / Waiver / Energy
With India’s coal power sector struggling over the past few years, the Indian government has proposed a carbon tax waiver on coal – one that may pose significant risk to the country’s renewable energy sector growth, according to analytics firm GlobalData.
Become a sponsor of south-east Europe's largest gas conference & expo
05/02/2020 – News / Oil & Gas / Event / Europe / Croatia
It is our pleasure to invite you to register for the JUBILEE 35th INTERNATIONAL SCIENTIFIC & EXPERT MEETING OF GAS PROFESSIONALS which will be held from 6–8 May, 2020 in the Congress Centre of Grand Hotel Adriatic in Opatija, Croatia.
Greta Thunberg’s environmental activism is reshaping the global investment industry, says deVere Group boss
24/01/2020 – News / Environment / Industry / Global Investment / deVere Group / Greta Thunberg
Greta Thunberg is not just helping to save the planet – the high-profile environmental campaigner is also reshaping the global investment industry, according to the boss of one of the world’s largest independent financial advisory organisations.
YIT wins €13m contract to build new cruise terminal in Tallinn, Estonia
22/01/2020 – News / Maritime / Construction / Cruise Terminal / YIT / Finland / Port of Tallinn / Estonia
YIT – Finland’s largest construction company – has signed a contract with Port of Tallinn for the construction of a new cruise terminal at the port in Estonia’s capital. The €13-million contract will be entered in the order backlog for Q1 2020. The project will commence this month and is slated for completion in summer 2021.
Wider market context limits effect of US-Iran tensions on oil market, says expert
21/01/2020 – News / Oil & Gas / GlobalData / US / Iran / Global
Following the increased tensions between the US and Iran caused by the assassination of Qassem Suleimani, Will Scargill – Managing Oil & Gas Analyst at GlobalData – has offered a view on how this will impact the global oil market, noting that wider market context will limit a negative effect on supply.
CO2 emissions from payments would almost halve in a cashless society
21/01/2020 – News / Cash / Contactless Cards / eWallets / CO2 Emissions / Global
Switching cash for contactless cards would almost halve the CO2 emissions resulting from the manufacture of polymer, paper and PVC plastic, new research reveals.
World-first pipeline tech to improve performance and safety will feature at UK robotics event
20/01/2020 – News / Technology / Robotics / Innovation / Pipeline Technology / Forth Engineering / UK
With the potential to revolutionise performance and safety in industries around the world, a world-first in pipeline technology is set to feature at a leading robotics conference in the UK city of Manchester later this month.
Global Pipe Company wins major order for Marjan Project
15/01/2020 – News / Oil & Gas / Pipeline / Marjan / Saudi Arabia / GPC / Aramco
Global Pipe Company (GPC), Saudi Arabia’s leading LSAW pipe manufacturer, has received a major purchase order from EPCI company McDermott for the supply of approximately 200km of pipe material – destined for the Kingdom’s mighty Marjan offshore oilfield development.
Nawa Technologies to unveil ‘world-first’ hybrid-battery-powered e-bike concept @CES 2020
09/01/2020 – News / Innovation / Hybrid Battery / Electric / E-bike / Nawa Technologies / CES 2020 / USA
NAWA Technologies, maker of next-generation ultra-fast energy storage systems, has revealed its NAWA Racer – a zero-emission motorbike concept featuring a world-first in electric powertrains: a ‘hybrid’ battery.a
Shorter-cycle investments, shift to natural gas and adoption of new tech will all characterise O&G industry in 2020
09/01/2020 – News / Oil & Gas / GlobalData / Natural Gas / Electric Vehicles / Technology
As 2019 draws to a close, Anna Belova – Senior Oil & Gas Analyst at data and analytics company GlobalData – explores the key trends set to shape the industry in 2020, ranging from a stronger focus on gas developments to a push for shorter-cycle investments.
Yokogawa sign strategic alliance agreement with SABIC
08/01/2020 – News / Yogogawa Electric Corp / Japan / SABIC / Petrochemicals / Saudi Arabia
Yokogawa Electric Corporation has entered into a strategic alliance framework agreement to accelerate collaboration with Saudi Basic Industries Corporation (SABIC) – ranked amongst the world’s largest petrochemical manufacturers.
Finnish researchers develop alternative leather from fungi
18/12/2019 – News / Innovation / Environment / Leather / Fungal Mycelium / Finland
VTT has produced an alternative to leather – composed from fungal mycelium. Now, the Finnish research institute is looking to scale up its manufacturing process of the durable and sustainable material.
China will face 4 big risks if it continues to build more coal plants, says WRI
18/12/2019 – News / Energy / Power Generation / Coal / Climate / Sustainability / China
As the world turns attention to the UN climate meetings this week, news from China has captured global headlines: From January 2018 to June 2019, the country added 443 gigawatts (GW) of net new coal power capacity to its existing 1,000GW coal fleet, while the rest of the world collectively reduced coal capacity by 8GW.
VDMA: German machinery manufacturers see no growth impetus from foreign trade
13/12/2019 – News / Machinery / Germany / VDMA / Export
The country’s industry body, VDMA, says that while exports in the first nine months of 2019 remain positive at 0.6 per cent, exports are down 1.1 per cent in Q3 2019, with France a bright spot for German machinery exports.
Businesses struggle to turn sustainability ambitions into action, finds HSBC survey
13/12/2019 – News / Business / Sustainability / Environment / ESG / HSBC
Sustainability is now firmly on the agenda for management teams of businesses of all sizes, yet only a minority have a clear understanding of how they are performing or how Environmental, Social and Governance (ESG) metrics might apply to them, according to a new survey from banking giant HSBC.
World’s leading AC manufacturers and innovators in running for Global Cooling Prize
11/12/2019 – News / Environment / Innovation / Climate / AC / AirCon / Global Cooling Prize / India
A global coalition led by the Government of India along with Rocky Mountain Institute (RMI) has announced the finalists of the Global Cooling Prize, an international innovation competition to develop super-efficient and climate-friendly residential cooling solutions for homes. The competitors showcased technologies that reduce or eliminate refrigerants linked to climate change, advances that will be vital as the number of room air conditioners nearly quadruples by 2050.
Volvo Trucks launches sales of electric trucks for urban transport
09/12/2019 – News / Transportation / Electric / Trucks / Volvo / Emobility / Europe
Volvo Trucks has announced the start of sales of its Volvo FL and Volvo FE electric trucks in selected markets within Europe, meeting the increasing demand for sustainable transport solutions in city environments.
Saudi Aramco and ADNOC boost global O&G contracts activity in Q3 2019
09/12/2019 – News / Oil & Gas / Aramco / Saudi / ADNOC / EPC
The global oil & gas industry has witnessed a substantial boost from contracts activity in the Middle East – led by state-owned firms Saudi Aramco and ADNOC – resulting in a contract value of US$44.4bn in Q3 2019, according to GlobalData.
Innovation project aims to reduce cost of floating solar plants
09/12/2019 – News / Renewables / Sustainable / Innovation / Solar Photovoltaic / Floating Solar Energy
Large-scale floating solar photovoltaic (PV) plants could be one of the solutions for a sustainable energy supply. A new EU project will help to advance this technology and make it more cost-efficient.
SRECO and Arabian Dream announce $5bn Riyadh mixed-use mega project
28/11/2019 – News / Real Estate / Shopping Centre / Al Akaria / Triple Five Worldwide / Saudi Arabia
Al Akaria Saudi Real Estate Company (SRECO) – one of the largest publicly listed real estate developers on the Saudi stock exchange (Tadawul) – has announced an initial collaboration with Arabian Dream (owned by developer Triple Five Worldwide) to develop a multi-billion-dollar mixed-use entertainment and shopping centre project in Akaria’s Al Widyan site in Riyadh’s northern growth corridor.
HyperloopTT partners with Gaussin to develop self-driving freight vehicles
22/11/2019 – News / Transportation / Technology / Electric / Sustainability / Hyperloop TT / Gaussin
Elon Musk’s vision of a system that moves people and goods at unprecedented speeds safely, efficiently, and sustainably has itself moved closer to reality with the announcement of a new strategic partnership between Hyperloop Transportation Technologies (HyperloopTT) and leading French transport and logistics engineering corporation Gaussin.
New €56m wind farm in Northern Sweden gets the green light
22/11/2019 – News / Energy / Renewables / Wind Farm / Fu-Gen AG / Abraxas Capital Management / Vestas
Swiss energy company Fu-Gen AG has partnered with British asset manager Abraxas Capital Management to construct a wind farm outside Skellefteå for a total investment of €56 million.
MOL Group upgrades 2019 guidance after robust Q3 results
21/11/2019 – News / Oil & Gas / MOL Group / Hungary
Budapest-headquartered international oil & gas company MOL Group has announced its financial results for the third quarter of 2019. Despite a weaker macro environment and much lower oil and gas prices, strong Q3 EBITDA allows MOL Group to raise 2019 full year guidance to “around US$2.4bn” from US$2.3bn.
Tough nut: SPX FLOW sets standard for bolting systems in harsh conditions @ADIPEC
12/11/2019 – News / Oil & Gas / ADIPEC / SPX Flow / US
When a bolt has seized or a flange gasket requires inspection, Bolting Systems tools from SPX® FLOW have long set the standard in the oil & gas industry. This week at ADIPEC in Abu Dhabi, the US-headquartered firm is showcasing its range of flange spreaders, hydraulic nut splitters and hydraulic nuts – utilised the world over to help increase operational efficiency, safety and maintenance.
Nidec ASI presents Variable Frequency Drives with very low-environmental-impact at ADIPEC
12/11/2019 – News / Oil & Gas / ADIPEC / Nidec ASI / Italy
Italian multinational Nidec ASI is presenting its new range of medium-voltage variable frequency drives this week at ADIPEC – one of the leading oil & gas industry events, held annually in Abu Dhabi. The new innovative range focuses on a high level of energy efficiency, low environmental impact and greater useability.
O&G industry is witnessing “wide-scale deployment” of VR tech across value chain
11/11/2019 – News / Oil & Gas / Technology / Virtual Reality / VR Tech / GlobalData
Following the rapid adoption of virtual reality (VR) technology in consumer markets, the oil & gas industry is witnessing wide-scale deployment of this technology across its value chain, according to GlobalData, which reports that such tech is supporting plant simulation and skill development.
Thanks a million: Consortium teams praised for being first to reach major milestone
11/11/2019 – News / Energy / Nuclear / Cumbria Nuclear Solutions / UK
A consortium has become the first to reach one million hours of safe working on a nuclear programme.
3D printing holds huge promise for oil & gas industry, finds study
04/11/2019 – News / Oil & Gas / Technology / 3D Printing / Manufacturing / GlobalData
The use of additive manufacturing, or 3D printing, is gradually increasing in the oil & gas industry. Currently accounting for less than 0.1 per cent of the overall global manufacturing market, it is estimated that the 3D printing market will be worth US$32bn by 2025 and over US$60bn by 2030, according to GlobalData.
Brazil to dominate with highest number of FPSO deployments by 2025
04/11/2019 – News / Crude Oil / FPSO / Floating Production Storage & Offloading Vessels / Brazil
Brazil continues to drive global deployment of floating production storage and offloading vessels (FPSOs), with 21 planned and announced FPSOs during the outlook period 2019 to 2025, according to GlobalData.
Energy storage innovator Azelio sets up commercial project in Sub-Saharan Africa
04/11/2019 – News / Energy / Storage / Innovation / Africa / Azelio / Sweden
Azelio – a public Swedish firm specialising in thermal energy storage – has agreed on a Memorandum of Understanding (MoU) with the Swedish sustainable energy solutions company STELLA Futura, to work together on setting up a small-scale commercial project in Sub-Saharan Africa. The aim is to demonstrate Azelio’s technology in a real-world commercial set-up, paving the way for broader regional implementation together with STELLA Futura.
AUTOMA 2019 reveals new trends, innovations and tech in automation and digitalisation
17/10/2019 – News / Oil & Gas / Event / Automation / Technology / Innovation / AUTOMA / Switzerland
AUTOMA 2019 – the Oil & Gas Automation and Digitalisation Congress – concluded earlier this week in Zurich, Switzerland, having explored the latest trends, projects, innovations and technologies in the increasingly vital spheres of automation and digitalisation.
SUEZ launches comprehensive plan to become global leader in environmental services
16/10/2019 – News / Utilities / Environment / SUEZ / Global
French utilities giant SUEZ has announced a comprehensive strategic plan to position the Group now for the opportunities and the challenges of the next decade.
Power utilities are betting on robotics to boost operations
07/10/2019 – News / Power Utilities / Technology / Robots / Drones / GlobalData
Robots and drones now play a crucial role in the power utilities space as companies are increasingly using robotics to handle the inspection of risky, time-consuming, and hard-to-reach assets, as well as for improving maintainance and operation activities, according to GlobalData.
New IFC study details ‘dirty footprint’ of the world’s broken energy grids
07/10/2019 – News / Energy / Environment / Fossil Fuel / IFC
Fossil fuel burning back-up generators in developing countries produce as much power as 700-1,000 coal-fired power stations, consume up to US$50 billion in fuel costs annually, and emit dangerous chemicals into homes and businesses, according to a new report by the IFC, a member of the World Bank Group.
Can pride rather than guilt save the planet?
27/09/2019 – News / Environment / Sustainability / Climate Change / Warwick Business School / UK
A new study by Warwick Business School suggests that recalling previous green behaviour better motivates us to make green choices in the future.
Oil markets vulnerable after Houthi rebel strikes leave Saudi Arabia on the ropes
25/09/2019 – News / Oil & Gas / Oil Markets / Saudi Arabia
Oil markets stand exposed to price shocks after the crippling attacks on Saudi Arabia’s oil facilities slashed more than half its total production. If the country uses its own oil stocks to make up for the shortage, this gives the market just over a month until the inventories run dry, writes Richard Price, Global Crude Oil Deputy Editor at ICIS.
Aviation stakeholders sign joint declaration on future of the ‘Single European Sky’
24/09/2019 – News / Aviation / The Single European Sky / Air Traffic Management / Europe
Representatives of 21 EU aviation and workers associations have signed a joint declaration committing to a set of concrete actions to implement the vision of a Single European Sky (SES) to enhance Europe’s airspace.
ABI Research: Flexible future of smartphone display screens is closer than you think
24/09/2019 – News / Science & Technology / Flexible displays / Screens / Smartphones
In the wake of Apple's unveiling of a new iPhone at their most recent hardware event last week, ABI Research forecasts that smartphone shipments with some type of foldable, flexible, or rollable display will start picking up steam as early as 2020, with growth to reach 228 million in 2028. Tablets are likewise in line for this enhancement, which will bring the total number of devices impacted to 240 million over that timeframe.
Analysts explain how the drive towards zero-emission vehicles alters outlook for utilities and O&G players
19/09/2019 – News / Energy / Electric Vehicles / Sustainability / Utilities / Oil & Gas
Europe’s energy sector is bracing itself for the impact of the electro-transformation of the auto industry, set to usher forth multiple new challenges – and opportunities. Scope Ratings analysts Sebastian Zank and Marlen Shokhitbayev take a closer look at how the EU’s push toward zero-emission vehicles is altering the outlook for utilities and oil & gas companies.
World’s first precast products manufactured with CO2-cured Solidia Concrete
19/09/2019 – News / Environment / Sustainability / Concrete / EP Henry / Solidia Technologies / US
US firm EP Henry – the leading manufacturer of unit concrete products in North America – in collaboration with cement and concrete tech start-up Solidia Technologies, has introduced the world’s first products made with low-carbon Solidia Concrete. The sustainable products boast up to a 70-per-cent reduced carbon footprint while also saving water, energy and manufacturing time.
Asia to lead global refinery crude distillation unit capacity additions up to 2023
11/09/2019 – News / Oil & Gas / Crude Distillation / Asia / GlobalData
Asia is expected to drive new-build crude distillation unit (CDU) capacity growth in the global refinery industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 36 per cent of global CDU capacity growth by 2023, according to GlobalData.
EY report: Renewable energy enters subsidy-free era
11/09/2019 – News / Renewables / Energy / Subsidy-Free / RECAI / Global
The renewable energy sector is entering a new phase of subsidy-free growth across the world, according to the 53rd EY Renewable Energy Country Attractiveness Index (RECAI).
Tata Power's ‘Club Enerji’ saves over 4 million units of electricity in 2018-19
06/09/2019 – News / Energy / Climate Change / Environment / Sustainability / Tata Power
‘Club Enerji’, Tata Power's nationwide resource and energy conservation initiative with a strategic focus on nation-building, has reported it has sensitised over 23.8 million people across seven cities – New Delhi, Mumbai, Pune, Ahmedabad, Bengaluru, Kolkata and Ajmer – and saved around four million units (MUs) of electricity across 533 schools in 2018-19.
AUTOMA 2019: Digital technologies to boost oil & gas productivity and efficiency
22/08/2019 – News / Oil & Gas / Digital Technology / Event / AUTOMA / Switzerland
AUTOMA 2019, the congress dedicated to automation and digitalisation in the oil & gas industry, will be held from 14–15 October in Zurich, Switzerland, gathering key players from the Upstream, Midstream and Downstream segments to discuss the efficiency of using digital technologies throughout the sector.
New ‘Sim City’-style online learning simulation launched for security practitioners
22/08/2019 – News / Security / Training / Virtual, Online / PerpetuityARC Training / UK
UK-based PerpetuityARC Training, part of Linx International Group, has launched a new interactive and virtual online learning platform – Linxville – that’s visually reminiscent of classic computer games such as The Sims and Sim City, with ‘Perimeter Security’ being the firm’s first bitesize course to launch.
E.ON’s move to supply 100% renewable electricity signals shift in UK power market, says GlobalData
02/08/2019 – News / Energy / Renewables / E.ON / GlobalData / UK
Major power utility E.ON’s move to supply its residential customers with 100-per-cent renewable electricity could potentially influence the Big Six to move towards renewable energy, and signals a changing trend in the UK power market, according to leading analytics firm GlobalData.
Boeing forms strategic tie-up with flying taxi start-up Kitty Hawk
02/08/2019 – News / Aerospace / Boeing / Kitty Hawk Corporation / Flying Taxi / USA
Aerospace giant Boeing and flying taxi start-up Kitty Hawk Corporation have announced a strategic partnership to collaborate on future efforts to advance safe urban air mobility.
Guyana has limited scope to increase oil & gas royalties while maintaining competitiveness, says GlobalData
02/08/2019 – News / Energy / Oil & Gas / Guyana / GlobalData
Guyana’s Department of Energy has announced that it plans to increase the government take by raising royalties payable on oil and gas production in the future licensing round in Q3 2020, Alessandro Bacci, Upstream Oil & Gas Analyst at GlobalData, offers his view on what this means for the country’s future competitiveness in this field.
Abu Dhabi Fund for Development financed $15m solar project launches in Cuba
22/07/2019 – News / Energy / Renewables / Solar / Abu Dhabi Fund for Development / Cuba
Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, together with the Cuba’s Ministry of Energy and Mines and International Renewable Energy Agency (IRENA), has inaugurated a new 10 megawatt (MW) solar PV project. The grid-connected project was financed by ADFD with US$15 million under the IRENA/ADFD Project Facility and will deliver enough electricity to power the equivalent of nearly 7,000 Cuban homes.
High-level event explores development of Baltic offshore wind resources
16/07/2019 – News / Event / Energy / Offshore / Baltic Sea / Polish Electricity Association
Discussion of issues related to the development of the offshore in the Baltic Sea were the main goal of the second edition of the Summer Day event organised by the Polish Electricity Association (PKEE). A meeting with EU officials, new members of the European Parliament, heads of companies, and representatives of accredited organisations took place in Brussels on Wednesday (10th July 2019.
Total E&P Congo adopts Welltec technology to deploy world’s first cementless completion
16/07/2019 – News / Oil & Gas / Total / Congo / Weltec / Cementless / Technology / Africa
The technology of Welltec, a world leader in the development of innovative well intervention and well construction solutions, has played a crucial role in delivering the world’s first deployment of a truly cementless completion. The potentially game-changing technology was deployed in the Republic of Congo at oil major Total E&P’s Moho North Albian field development project.
Bureau Veritas encourages event organisers to “up their game” on sustainability
04/07/2019 – News / Sustainability / Plastic / Green Events / Glastonbury / Bureau Veritas
With Glastonbury festival-goers urged to ditch the plastic at last weekend’s event, Bureau Veritas is encouraging event organisers to ‘up their game’ on sustainability, adding that more needs to be done to speed up the transition to a greener events industry.
ADIPEC Awards: Recognising innovation in transforming the world’s oil & gas industry
26/06/2019 – News / Event / Oil & Gas / Innovation / ADIPEC / UAE
The ninth edition of the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) Awards – hosted by the Abu Dhabi National Oil Company (ADNOC) – is now open for submissions.
OECD report: SMEs are driving job growth, but a “rethinking of entrepreneurship policies” could help boost wages and productivity
24/06/2019 – News / Business / SMEs / Employment / OECD / Global
Small and medium-sized enterprises (SMEs) have proved to be a significant driver of employment growth in recent years, mainly via the creation of new firms, including in high-growth sectors such as ICT. However, a new study issued by the OECD – ‘SME and Entrepreneurship Outlook’, which encompasses 36 country profiles – highlights how most SME job creation has been in sectors with below average productivity levels, and that SMEs typically paid employees around 20 per cent less than large firms.
AUTOMA 2019: Automation and digitalisation congress to explore how the oil & gas sector is riding this new wave of transformation
24/06/2019 – News / Oil & Gas / Event / AUTOMA 2019 / Automation / Digitalisation
On 14-15 October 2019, major upstream and downstream oil & gas companies will gather in Zurich, Switzerland, for this year’s AUTOMA congress, to discuss automation and digitalisation from a variety of angles, and to showcase their experience in these increasingly crucial areas of transformation for the energy sector.
Oil & gas sector is gearing up for robotics adoption
19/06/2019 – News / Oil & Gas / Technology / Robotics / GlobalData / Global
The oil & gas industry is gearing up to deploy robotics across a wide range of applications in the upstream, midstream and downstream segments, primarily to drive productivity and efficiency amid volatility in crude prices, according to a new GlobalData study.
IEA releases Oil Market Report: 2020 vision
19/06/2019 – News / Oil & Gas / Economy / International Energy Agency / Global
World trade growth has fallen back to its slowest pace since the financial crisis ten years ago, and the consequences for oil demand are becoming apparent, says the International Energy Agency (IEA), which has just published its first oil & gas outlook for 2019.
Seaborne iron ore deficit expected to widen in 2019
13/06/2019 – News / Metals / Iron Ore / S&P Global Market Intelligence / Global
With total year-over-year losses of 5 per cent recorded among global iron ore producers in Q1 2019, the seaborne iron ore market is expected to fall into a larger deficit this year than previously anticipated.
Sepio Systems partners with Johnson Controls to mitigate hardware-based attacks
07/06/2019 – News / Cyber Security / Sepio Systems / Johnson Controls / US
Cybersecurity expert Sepio Systems is gaining momentum in the US after adding an important new customer and channel partner – the Integrated Security Solutions business unit of Johnson Controls. The company has also recently strengthened its advisory board.
Falling costs bolster business case for renewable power as driver in energy transformation, finds IRENA report
06/06/2019 – News / Energy / Electricity / Renewables / IRENA
Renewable power is the cheapest source of electricity in many parts of the world already today, the latest report from the International Renewable Energy Agency (IRENA) shows. The report contributes to the international discussion on raising climate action worldwide, ahead of Abu Dhabi’s global preparatory meeting for the United Nations Climate Action Summit in September.
India to become net exporter of Purified Terephthalic Acid by 2022
06/06/2019 – News / Chemicals / Purified Terephthalic Acid / PTA / India / GlobalData
India is set to become a net exporter of Purified Terephthalic Acid (PTA) – used in the manufacture of both polyester fibre and PET – over the next four years, with exports expected to rise at a dramatic 48.9-per-cent CAGR from 2017–2022, to 1.552 million tonnes per annum (mtpa), according to a new report from GlobalData.
Non-hydro renewables to show strongest growth in Vietnam from 2019–2030
30/05/2019 – News / Energy / Renewables / Wind / Solar / Vietnam
In the decades ahead, Vietnam willl see deployment of non-hydro renewables expanding at the fastest rate – registering a compound annual growth rate (CAGR) of 22.4 per cent. Both government policies and the significant untapped renewable potential in the country will be major drivers of this dynamic, according to a new study by Global Data.
HP and Siemens deepen additive manufacturing alliance to advance digital manufacturing
30/05/2019 – News / Technology / 3D Printing / Industrial Additive Manufacturing / Siemens / HP
HP and Siemens have announced an expansion of their strategic alliance to help customers transform their businesses with industrial additive manufacturing (AM).
KONE wins order for Google’s UK headquarters development
22/05/2019 – News / Construction / Elevators / Escalators / KGX1 / KONE Corporation / Google / UK
KONE Corporation, a global leader in the elevator and escalator industry, has won an order to equip Google's new UK headquarters building, KGX1. The 11-story-tall and 312-metre-long ‘landscraper’ will run parallel to the platforms of London's King's Cross railway station in England and will sit at the heart of a campus for 7,000 Google employees.
Study to assess feasibility of innovative Magnetic Drive System for use in deepwater offshore and subsea wells
22/05/2019 – News / Oil & Gas / Offshore / Innovation / Upwing Energy / Mitsubishi Heavy Ind / DeepStar
California-headquartered Upwing Energy, an artificial lift technology company, together with Mitsubishi Heavy Industries (MHI), one of the world’s leading industrial firms, have been selected by global offshore research and development consortium DeepStar to perform a feasibility and conceptual study of Upwing’s Magnetic Drive System (MDS) for Electric Submersible Pumps (ESPs).
Booming LNG faces swings in supply-demand balance
15/05/2019 – News / Oil & Gas / LNG / Liquefied Natural Gas / BloombergNEF
The global liquefied natural gas (LNG) market is set to see sharp shifts between excess supply and excess demand from 2019–2023, according to research firm BNEF, which say that the effect on prices may hinge on weather patterns.
European consortium adopts blockchain to deliver unprecedented visibility for automotive sector
15/05/2019 – News / Automotive / Logistics / Blockchain / Europe
Vinturas, a consortium of leading Automotive logistics service providers in Europe, has announced that it will operate a digital, blockchain-based platform, in order to provide end-to-end visibility in the supply chain of finished vehicles.
Investment in thermal power set to decline 22% by 2025, says GlobalData
15/05/2019 – News / Power / Energy / Thermal Power / GlobalData
Following the recent announcement by Siemens to spin off its Power and Gas business, Harminder Singh – Director of Power at GlobalData – offers his view on the implications of this move for the industry, in which investment is set to shrink significantly in the years ahead as countries strive to decarbonise their economies.
Maersk becomes first container shipping firm to offer digital Ocean Customs Clearance
10/05/2019 – News / Maritime / Shipping / Customs / Technology / Maersk / Europe
Maersk has launched Customs Clearance online shipping management platform in seven European countries – Germany, France, Denmark, The Netherlands, Poland, United Kingdom and Spain – with the goal of expanding this offering across the world by the end of 2019.
India’s offshore wind prospects boosted by co-operation with Denmark
08/05/2019 – News / Sustainability / Renewable Energy / Offshore / India / Denmark
Following recent news that the Ministry of New and Renewable Energy of India (MNRE) and Denmark’s Ministry for Energy, Utilities, and Climate have signed a co-operation agreement in the field of renewable energy with a special focus on offshore wind, Ankit Mathur, Practice Head of Power at GlobalData, offers some valuable insights.
Thailand becomes first SE Asian nation to break ground on its Expo 2020 plot
08/05/2019 – News / Event / Expo 2020 Dubai / Thailand / Digital Innovation
Thailand is a step closer to showcasing its new age of digital innovation in a floral-inspired pavilion, after becoming the first South East Asian nation to begin construction on its Expo 2020 Dubai plot.
Trump imposing sanctions on US allies over Iran oil is “logical escalation” of economic pressure, says legal expert
08/05/2019 – News / Business / Economics / Oil & Gas / Sanctions / US / Iran
On Monday (22nd April) the White House announced that it is preparing to start imposing sanctions on key US allies unless they stop buying oil from Iran. Nelson Dong – senior partner at law firm Dorsey & Whitney, member of the Board of Directors for both the National Committee on US-China Relations (NCUSCR) and also the Washington State China Relations Council (WSCRC) – says the ending of sanctions waivers on the purchase of Iranian oil is a “logical and not-unexpected escalation” of America’s economic pressure on the Middle Eastern country.
New index ranks Cambodia as Asia’s most attractive investment destination
03/05/2019 – News / Business / Cambodia / Asia / InvestAsia
Cambodia is the most attractive destination for investment in Asia, according to extensive research conducted by asset management and consultancy firm InvestAsian.