You are currently viewing: News



10-05-2017

KBR and IBM partner for digital solutions for hydrocarbons industry

KBR Inc and IBM today announced they have entered an agreement to collaborate on the development of digital products and services to help oil and gas and petrochemical customers reduce costs and increase profit, reliability and safety.

Falling crude prices, volatile socio-economic and political environments and ever-increasing demands for sustainability and safety are disrupting the industry. Chemical and petroleum organizations require new levels of innovation and digital solutions to improve and enhance exploration and production, promote project capital and execution efficiency, and optimize operations, maintenance and safety.

"As chemical and petroleum companies strive to remain competitive, implementing a digital strategy will help optimize capital expenditures, reduce operating costs and help maximize the potential of the knowledge and skills of their people," said Luq Niazi, IBM Global Managing Director, Chemical & Petroleum Industries. "Working with KBR, we will deliver analytics and cognitive solutions that diagnose, compare and enhance the production and operational activities of chemicals and petroleum assets."

The agreement joins KBR's deep understanding of the hydrocarbons market (upstream, midstream and downstream) and large-scale capital projects,  with IBM's solutions including cloud computing, advanced analytics, Internet of Things (IoT), and cognitive business solutions. Customers' historical and real time data along with KBR's technical and engineering expertise coupled with IBM's technology platform will support better decision-making and more effective monitoring and maintenance of operations.

This next generation of digital solutions will empower customers worldwide by helping them in lowering capex and opex costs, enhancing operational efficiency, reducing delivery schedules, boosting facility uptime and improving plant safety.

"We are proud to team with IBM to provide digital solutions that address the industry's biggest challenges and needs, allowing us to add value for our customers," said Graham Hill, KBR Executive Vice President, Global Business Development & Strategy. "This alliance combines the complementary skill-sets, know-how and intellectual properties of two leading hydrocarbons and technology companies."
Sponsor : 

Other News Items

Honeywell helps BASF turn hazardous waste into clean energy

Honeywell Process Solutions (HPS) today announced that BASF has opened a state-of-the-art control room equipped with Honeywell Experion® technology at its waste incineration ...

18-01-2018

CB&I announces joint development agreement with Saudi Aramco

CB&I today announced it has entered into a Joint Development Agreement with Saudi Aramco that includes Chevron Lummus Global (CLG), CB&I's joint venture with ...

18-01-2018

Emerson completes acquisition of ProSys

Emerson today announced it has acquired ProSys Inc, a global supplier of software and services that increase production and safety for the chemical, oil and gas, pulp ...

17-01-2018

NAPCON to reshape the process industry with artificial intelligence

Neste's NAPCON product family is bringing about the next industrial revolution with products that utilize modern artificial intelligence. And since this is the process ...

16-01-2018

KBC signs consultancy agreement for integration of oil refineries in China

Yokogawa Electric Corporation announces that its  subsidiary, KBC Advanced Technologies, has signed a consultancy agreement with China Energy Engineering North Co., ...

16-01-2018

Praxair expands hydrogen supply to Port Arthur refinery

Praxair, Inc has expanded its long-term hydrogen supply agreement with Motiva Enterprises LLC. Under this new agreement, Praxair will increase the amount of hydrogen ...

16-01-2018

OMV setects hte to test competitive catalysts for light cut naphtha isomerization

hte – the high throughput experimentation company tested the performance of commercial light cut naphtha isomerization catalysts in the presence of hydrogen using ...

12-01-2018

Clariant and SINOPEC to cooperate on fuel upgrading catalyst technology

Clariant, a world leader in specialty chemicals, today announced that it has signed two key agreements with SINOPEC, China’s largest petroleum and chemical company. ...

11-01-2018

INVISTA’s latest P8 technology sees first successful deployment in China

INVISTA Performance Technologies (IPT) and Jiaxing Petrochemical Co., Ltd, a subsidiary of Tongkun Group Co., Ltd, announce the successful start-up of Jiaxing Petrochemical’s ...

11-01-2018

SNC-Lavalin awarded downstream engineering services agreement

SNC-Lavalin is pleased to announce that it has signed a Master Services Agreement, with approximate worth in excess of $100M, with one of the world’s largest plastics, ...

10-01-2018