Energy & Process Industry EIIR (Engineering, IoT, Industry 4.0 and R&D) Trends Q-2 2019

How are energy and process enterprises leveraging R&D service providers? (Deals/Contracts/ Partnerships)

  • 1

    Altran supports Total in revolutionize geophysical acquisition using automated drones.

  • 2

    Seadrill selects TCS to drive global IT transformation. According to Seadrill CIO, TCS approach to leveraging key digital technologies such as ignio, and their Machine First Delivery Model (MFDM) Framework, positioned them above the competition.

  • 3

    Cyient is selected by UK power portal networks to develop an outage planning portal

  • 4

    Dassault Systèmes and BHP have engaged in a long-term strategic partnership to leverage the application of digital technologies to mining. The ambition is to improve operations by leveraging 3DExperience platform and applying technologies proven in other industries to the core mining fundamentals of geoscience and resource engineering.

  • 5

    LTTS was selected as the engineering partner to a multinational power management company for enhancing their metering, monitoring and protection platform that facilitates a unified power system. LTTS has been actively engaged in the development of this platform since inception and is currently enhancing its functionalities as well as furthering the adoption across the enterprise.

  • 6

    LTTS was selected as the ER&D partner for a global chemical major for harmonizing their engineering compliance standards across locations around the world.

  • 7

    Expleo announced its partnership with the Data Communications Company (DCC) who are delivering the groundbreaking Ofgem led Switching Programme, a new service that will allow customers to change energy suppliers faster and more reliably. Expleo will support the DCC in the design, build and test phase of the programme, as its Core Systems Assurance partner. It will be working with service providers and contractors to ensure systems are functioning, changes are delivered according to timelines, and risks are identified and mitigated.

  • 8

    Etteplan improves the efficiency of Fortum Hydro’s documentation management with the help of artificial intelligence. Hundreds of thousands of drawings, lists and project documents, located in different source systems, have been compiled on Fortum’s 120 hydro power plants, i.e. assets, in Sweden in the course of their many years of operation. To support Fortum’s business, the asset information must be up to date, easy to find and reflect the physical hydropower plants.

  • 9

    AVEVA has signed an agreement with Calgary-based integrated oil and gas company Husky Energy to deliver an end-to-end supply chain management solution for Husky’s downstream business. The cloud-based solution will enable Husky to plan and schedule its enterprise value chain from crude supply to product distribution through a single and unified system.

How are energy and process enterprises organizing their R&D? (GICs/ R&D Best Practices/Solutions)

  • 1

    Sandvik and IBM Usher in the Fourth Industrial Revolution to the Mining Industry with IBM Watson. Barminco, Hindustan Zinc, Petra Diamonds and Vedanta Zinc International tap into the Sandvik and IBM relationship to improve operations and safety in underground hard-rock mining. OptiMine® Analytics with IBM Watson IoT for predictive maintenance and optimization, analyzes, learns and communicates with equipment operating thousands of feet underground

  • 2

    SOCAR to establish $1.5 billion petrochemical R&D center in Turkey

  • 3

    South Korean oil refining major GS Caltex expects India to lead its R&D activities near future apart from making it a regional manufacturing hub to cater to the domestic as well as the nearby overseas markets. GS Caltex India, which is focusing on premium auto and industrial lubricants, will also look at acquisitions to fuel its growth in the 2.4-million tonne domestic lubes market. The premium segment lubes account for almost 25 per cent of the market but GS Caltex India is a fringe player even after a decade ago of its reentry.

  • 4

    Axis Energy Services, an oil and gas well service company focused on optimizing completions, announced the launch of its new R&D and Rig Monitoring Center. In a related announcement, the company also introduced Axis CORE® Technology, a data acquisition and predictive analytics system designed to consistently deliver safer, more efficient completion and workover operations.

  • 5

    ONGC is solving an interesting R&D problem. Using microbes to convert residual oil in oil wells to methane. It is also exploring oil exploration potential in Himalyas.

  • 6

    Schneider Electric acquires stake in AutoGrid to accelerate AI adoption in the power sector. Schneider establishes co-innovation partnership focused on AI and machine learning solutions for distributed energy resources. AutoGrid will help Schneider Electric reinforce its position in edge control software and analytics for microgrids and distributed energy resources, a market which promises to be worth more than $50bn in the coming few years.

How are energy and process engineering service providers developing their solutions and capabilities?

  • 1

    Expleo launches Smart Services, a new testing service for smart meter systems. It is an off-the-shelf solution, available to all suppliers, which delivers the full testing and assurance process for smart meter estates including devices, firmware, DCC changes and adapters. It can reduce the ongoing operational cost of assuring change in an energy provider’s smart metering estate by up to 50%. It can also reduce testing timescales for smart metering by 60%.

Energy and process industry news

  • 1

    Chevron will acquire oil and gas driller Anadarko Petroleum in a cash and stock deal valued at $33 billion. The transaction will expand the second biggest U.S. energy company’s operations in U.S. shale oil and gas production, offshore drilling and liquefied natural gas exports. After the deal closes, Chevron will go from being the fourth biggest international oil major by production to the second largest.

  • 2

    Massive failure leaves Argentina, Paraguay and Uruguay with no power, utility.

  • 3

    Asia’s largest oil refiner, Sinopec Group, has built its first hydrogen station in China as part of a national plan to scale 1,000 hydrogen refueling stations by 2030.

Energy and process resources: consultant/ analyst updates

  • 1

    McKinsey: How the oil and gas industry can improve capital-project performance (Link)

  • 2

    McKinsey: Giants can dance: Agile organizations in asset-heavy industries (Link)

  • 3

    McKinsey: The new way to engage with energy customers: Personalization at scale (Link)

Sponsors

Pareekh Jain

Add comment

Most popular

Most discussed

error: Content is protected !!