Market trends and business perspectives
CNC machines provide high-performance levels for cutting a wide variety of parts and components, and they usually remain in operation for lengthy periods.
Like any machinery, to ensure your CNC machine lasts longer and maintains its quality of accuracy, it is essential to give it a regular service. Read on to find out how to take care of your CNC machine. [Read more…] about How to Take Care of Your CNC Machine
BP recently sold its petrochemicals business for $5 billion to Ineos, a move which suggests that “big oil” companies are trying to become “big electric” suppliers.
The Wall Street Journal says the sale was the “largest deal by an oil major since the coronavirus outbreak gripped the global economy”.
WSJ says the transaction would enable BP to different itself from its rivals, many of which are forecasting significant growth for the segment and don’t look like they want to sell or leave the petrochemicals sector. [Read more…] about BP’s sale of its petrochemicals business suggests big oil is trying to become big electric
Robots could be helpful in cleaning up the oil spill that has devastated the coastline of the tiny Indian Ocean island of Mauritius. (See video below.)
Popular with tourists from around the world, the paradise island has been overwhelmed by the oil spill from the merchant vessel Wakashio, operated by Japanese company Mitsui OSK Lines (MOL), and owned by the Nagashiki Shipping Company.
Akihiko Ono, vice president of MOL, has issued an apology for the disaster and says the company is taking the accident “very seriously”, according to The Asahi Shimbun. [Read more…] about Robots could help Mauritius clean up devastating oil spill
Oil-producing nations located in the Middle East and North Africa are struggling with their economies, most of which are not diversified enough to offset the losses caused by falls in the price of crude.
A quick check shows that the current price of a barrel of crude oil – which is about 160 litres – is just above $40, which is significantly lower than certainly Arab countries need it to be.
According to the Economist, Algeria needs the price to be about $157 a barrel, while Oman wants to get to at least $87. [Read more…] about Oil-producing nations struggling with economic woes as society shifts towards electric movement
An Italian major oil and gas company and BGS Group have recently announced their partnership in the run-up to Automa 2020 – Automation and Digitalization Congress that will be held in Italy, Milan, on October 19-20.
Regina Chislova, project director of Automa 2020, says: “Eni middle and senior management have been attending the congresses organized by BGS Group for a few consecutive years, flying to different European countries.
“This year we bring Automa to Eni’s home and, therefore, decided that it will be a mutually beneficial partnership.” [Read more…] about Eni to co-host Automa 2020 and to show ‘most powerful supercomputer in the world’
Delta Electronics is to acquire 100 percent of the shares of Trihedral Engineering, a Canadian SCADA and IIoT software company, for more than $33 million.
The acquisition will unite Delta’s hardware and Trihedral’s software in the rapidly growing field of automation, AI, and data analytics.
Delta says the initiative will further strengthen its sales expansion in various fields such as industrial automation for smart manufacturing. [Read more…] about Delta acquires industrial automation software company Trihedral
ExRobotics and Yokogawa Electric have signed a licensing agreement that will enable Yokogawa to sell and deploy ExRobotics’ inspection robot hardware and software platforms worldwide.
ExRobotics is a Netherlands-based developer of robotics technology for hazardous environments, and Yokogawa Electric Corporation is a global provider of industrial automation, control, and measurement technology.
ExRobotics was established in 2017 to commercialise robotics technology for use in the potentially explosive atmospheres found at oil and gas production and processing facilities, which are often in remote locations with harsh environments. [Read more…] about ExRobotics and Yokogawa to develop robotics for inspection of hazardous environments
Danish company CC Jensen is using exoskeletons from Comau in its manufacturing processes.
Comau calls its exoskeleton ‘Mate’ and has been supplying it to the market for around a year.
CC Jensen specialises in the design and manufacturing of oil filtration solutions, and says it uses Mate to better support workers in carrying out their daily activities. [Read more…] about Comau ‘Mate’ exoskeleton used in CC Jensen’s manufacturing processes
Total Lubrifiants has strengthened its presence in the industrial lubricants market with the acquisition of a number of business units from Houghton International.
Total has acquired the aluminum hot rolling oil, steel cold rolling oil and tinplate rolling oil activities in the North American and European Economic Area markets from Houghton.
The transaction includes the associated technical support services in both regions. [Read more…] about Total strengthens presence in industrial lubricants with new acquisitions
Unique testing facility accelerates progress of robotics for inspection and maintenance
Quasset Test Facility has opened in the Netherlands to facilitate the experimentation and validation of robotic solutions for inspection and maintenance.
The 600-square-meter testing facility offers a highly flexible and controlled environment, housing a range of decommissioned assets which serve to test crawling, flying and swimming robotic systems.
As an independent facility, QTF provides third-party assessments of technology for robotic and inspection systems. From start-ups to leading oil and gas companies, service providers have the opportunity to work in consultation with QTF’s specialist robotics staff. [Read more…] about Robotic test facility opens in the Netherlands
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