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."
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
MOL inaugurates its polyol complex in Tiszaújváros
MOL's EUR 1.3 billion polyol complex in Tiszaújváros, boasting a capacity of around 200,000 tonnes of polyol per year, has been inaugurated. The ceremony, addressed ...
15-05-2024
-
NEXTCHEM completes the acquisition of GasConTec
Further to the announcement made on 4 March 2024, MAIRE announces that NEXTCHEM has finalized the acquisition of 100% of GasConTec GmbH, an innovative company specialized ...
15-05-2024
-
KBR awarded digital solutions contract by OCI
KBR announced today it has been awarded a contract by OCI Global to design and deploy its proprietary operator training simulator for OCI's 3,000 metric tonnes ...
13-05-2024
-
Worley awarded Bayou Bend CCS carbon capture and storage facility contract
We’ve been selected to design and evaluate CO2 gathering, handling and sequestration facilities located along the Gulf Coast in Southeast Texas. Bayou Bend ...
13-05-2024
-
Black & Veatch delivers feasibility study for Andes Energy LNG Terminal
Global liquefied natural gas (LNG) infrastructure solutions leader Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, LNG regasification ...
09-05-2024
-
Shell to sell interest in Singapore Energy and Chemicals Park to CAPGC
Shell Singapore Pte Ltd, a subsidiary of Shell plc, has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture company ...
08-05-2024
-
Integrated Global Services recognized for role in mega turnaround
Integrated Global Services has been recognized as a major contributor to the successful Ras Tanura Refinery 2024 Mega Turnaround and Inspection for Saudi Arabian Energy ...
08-05-2024
-
Ebara Elliott Energy to provide compressor for SAF project in Thailand
Ebara Elliott Energy, formerly Elliott Group, announces it has been contracted to provide a motor-driven recycle compressor with a variable frequency drive (VFD) for ...
07-05-2024
-
ETH Zurich select hte to provide high throughput test system designed for CO2 electroreduction
hte – the high throughput experimentation company was awarded a contract by the technical university ETH Zurich to provide a high throughput test system designed for ...
07-05-2024