Aspen Technology, Inc. (Bedford, Mass.) and Wood (Aberdeen, Scotland announced a new partnership that will offer Wood’s clients Aspen's Mtell asset performance management (APM) technology for predictive and prescriptive maintenance. The partnership will enable global enterprises to improve the performance…
Aspen Technology, Inc. (Bedford, Mass.) announced that Heide Refinery, one of the most complex refineries in Europe, has licensed Aspen Generic Dynamic Optimization Technology (GDOT) software to achieve production levels more closely aligned to plan. The solution will be deployed…
Emerson (St. Louis, Mo.) agreed to acquire Open Systems International, Inc. (OSI Inc.) for $1.6 billion in an all cash transaction. OSI Inc. is a leading operations technology software provider that broadens and complements Emerson’s robust software portfolio and ability…
Industrial software firms Aveva Group plc (Cambridge, U.K.) and OSIsoft (San Leandro, Calif.), have announced an agreement for Aveva to acquire OSIsoft for $5.0 billion. Aveva and OSIsoft will combine their complementary product offerings, bringing together industrial software and data…
On this edition of the CE Podcast, senior editor Scott Jenkins talks to Hannah Davis, the blockchain project lead at the Electric Power Research Institute (EPRI). She provides an explanation of what blockchain is, and describes use cases that are…
Babcock Borsig Service Arabia Ltd. has signed its first digitalization contract with Saudi Tabreed Operations & Maintenance Co. This is the first digitalization awarding secured by Bilfinger Middle East for the region. Saudi Tabreed, a highly experienced district cooling scheme…
Chemical companies can drive peak performance and extend the lifecycle of their assets by making the step-change from time-based to condition-based predictive maintenance Exposed to fluctuations in global commodities markets, and typically characterized by high volumes and low margins, the…
Sibur (Moscow, Russia) & G-Core Labs S.A. (Luxembourg) have launched a universal augmented reality (AR) service for the remote maintenance and repair of industrial equipment. Sibur has launched the universal AR service for remotely maintaining and repairing industrial equipment, which will…
Siemens AG (Munich, Germany) and Bentley Systems (Exton, Pa.) will develop the first petrochemical digital twin in Indonesia for Chandra Asri, the country’s largest integrated petrochemical complex. Chandra Asri is set to double its capacity in the next five years…
Accenture (Dublin, Ireland) and AT&T are working with Phillips 66 (Houston) to develop industrial cellular wireless connectivity, with the development of a private cellular network solution. The solution will lay the foundation for potential future 5G use cases, including support…