As Asia grapples with the increasing need to innovate and digitalise, refiners are feeling the pressure to keep up – or lose out. In this informative video interview, Franz Kufner, Executive Vice President (APAC region) at Hexagon PPM discusses how new technologies will shape the recovery of the oil and gas downstream industry, and how…

The new reality of the oil and gas industry requires sweeping changes across the entire value chain. Digitalisation – one of the industry’s biggest buzzwords – can bring various benefits in day-to-day operations including cost reduction for oil & gas players. What can operators do to keep pace with the whirlwind speed of innovation? And…

Singapore’s chemical future stems from a rich history. 2015 saw the energy and chemicals sector generate S$81billion (c. US$60.4 billion), around a third of the nation’s total manufacturing output. A year later, S$1.3 billion (c.US$ 0.97 billion) of fixed asset investments poured into the sector. Asian Downstream Insights explores the evolution of Singapore’s petrochemical journey…

On May 7, U.S. fuel pipeline operator Colonial Pipeline found itself facing a ransomware attack that forced the company to shut a fuel network down, leading to chaos as major fuel deliveries were disrupted. Contradicting initial reports made, Colonial was found to have paid nearly US$5 million in ransom to Eastern European hackers, whom the…

“This is an important year for energy discussions, given the urgency to tackle climate change,” said Richard Lim, Chairman of the Energy Market Authority, as he opened the Singapore International Energy Week Global launch last week. Innovation in a changing energy mix As the world demands more energy, it also demands that it be produced…

In an increasingly competitive and unpredictable refining industry, reliability will be downstream leaders’ lighthouse in an economic storm. Volatile demand and new operational, economic, and safety challenges mean downstream operators need to be both razor-sharp and reliable to stay commercially competitive. It is estimated that across heavy industries, digital maintenance and reliability transformations can increase…