Automation solutions in Indian oil & gas sector: A big problem with refineries is the issue of unplanned downtime. Almost all refineries face the issue of unplanned downtime. This unplanned downtime might be due to an equipment failure. There is a piece of equipment that shuts down for some reason. The refiner might have to shut the unit down to resolve the equipment issue and then restart operations. This leads to waste of time and could affect production in the long run. Read more.
IRVING, US: ExxonMobil Corporation (XOM) said that its subsidiary ExxonMobil Exploration and Production Suriname BV along with co-venturers Hess and Statoil, signed a production sharing contract for Block 59 with Staatsolie Maatschappij Suriname NV, the national oil company of Suriname, South America. The block adds significant acreage to ExxonMobil’s operating portfolio in the Guyana-Suriname Basin. Read more.