Aspen Technology, Inc. the asset optimization™ software company and Hexagon, the leading global provider of engineering software for the design, construction and operation of plants, ships and offshore facilities, announced a new level of collaboration founded on a memorandum of understanding (MoU) that will more closely align AspenTech’s conceptual, basic engineering and cost estimation solutions with the detailed engineering suite from Hexagon PPM, to enable a fully data-centric workflow across the asset lifecycle.
With production curbs in Australia boosting the demand, Asian spot prices for liquefied natural gas (LNG) edged higher this week. Spot prices for July delivery to Northeast Asia
The outlook for oil demand growth in 2019 has dimmed due to worsening prospects for world trade, the International Energy Agency (IEA) said, although stimulus packages and developing countries should boost growth going into 2020.
Polish Oil and Gas Company (PGNiG) signed an agreement on Wednesday with U.S. company Venture Global LNG to buy 1.5 million metric tons of liquefied natural gas per year, as the country seeks alternative supplies of gas than Russia.
Not withstanding the achievement in shipping the first liquefied natural gas (LNG) cargo from the world’s largest vessel, Prelude owner Royal Dutch Shell probably wishes it was selling its product into better market conditions.
Classification society DNV GL has awarded Kawasaki Heavy Industries (KHI) an Approval in Principle (AIP) for their LNG floating power plant (LFPP). The LFPP is a decentralized energy generation solution that enables locations to tap into natural gas as part of their power mix.
Finland’s 110 million-euro ($124.5 million) Manga liquefied natural gas import terminal has fully opened after a year-long delay to the project, engineering firm Wartsila and part-owner Gasum said.
Saudi Energy Minister Khalid al-Falih said Saudi Aramco had extended its offer to join Russian gas producer Novatek’s Arctic LNG 2
Wood has been awarded a new contract by Duqm Refinery and Petrochemicals Industries Company (DRPIC) to provide FEED (front-end engineering design) for a proposed onshore petrochemicals facility at the Special Economic Zone Area Duqm (SEZAD) in southern Oman.
Clariant, a focused and innovative specialty chemical company, today announced the launch of its latest propane dehydrogenation catalyst, CATOFIN 311.
Brazilian state-run oil company Petroleo Brasileiro SA said that its management approved a revision in scheduling of price adjustments for diesel and gasoline in its refineries.
Indonesia began testing biodiesel with a bio-content of 30% in cars, its energy ministry said, as the Southeast Asian nation pushes to boost local markets for its vast palm oil crop.
More planning is required to ensure adequate supply, researchers say
The prospects for monetising natural gas discovered off Cyprus have risen, but so has the geopolitical temperature
Upheavals in the Canadian crude market are creating opportunities for firms with sizeable long-term leases on Alberta storage tanks, including Mercuria Energy Group and the trading arm of oil major BP.
Five workers have been injured when a CenterPoint Energy natural gas line exploded in a residential neighborhood southeast of Houston.