Thursday, December 11, 2014

It’s not all bad news…

ExxonMobil forecasts that the world’s energy demand will grow 35% higher by 2040. They came to this conclusion based on the prediction that the global middle class will grow to 5 billion people (from 2 billion in 2010) with the majority coming from China and India. This article discusses the future of oil, gas, coal, and unconventionals.

How will you contribute to the world’s future energy demand?

Tuesday, December 9, 2014

No Longer ‘Business as Usual’

ConocoPhillips announced yesterday that they are slashing their 2015 capital budget by 20%; accomplished by lower spending on major projects and the deferral of funds for unconventional plays. They still expect higher production however. Read more here.

Given oil’s rapid drop over the last four months, are you cutting your 2015 budget? Do you need help lowering your engineering and/or operating costs? Visit software.invensys.com/faster for more information.

Monday, December 1, 2014

It was inevitable, but it still hurts!

Moody’s Investors Service forecasts falling crude prices will dampened exploration & production spending in 2015, as new projects are based on $80/bbl oil. As expected, they attribute the slump in oil prices to the failure of global demand in keeping up with strong production growth. In their report, Moody’s predicts:
• Independent producers will cut capital investment by 20% from 2014 levels
• Production will grow in 2015-16 for most integrated companies as large projects come on stream
• Refiners will benefit from discounted crudes and lower energy costs

Learn how to get to first oil and gas faster by shortening development and commissioning time by visiting software.invensys.com/faster.

Join us in Rome for the 2015 Process Engineering Forum (March 11 & 12)











The SimSci team of experts invites you to meet at
SimSci Process Engineering Forum,
Waldorf Astoria ROME CAVALIERI Hotel in Rome, Italy.
Wednesday 11 and Thursday 12, March 2015
This year  SimSci Process Engineering Forum will focus on next generation software solutions for engineering and operations . This network focused, free event includes presentations from industry top executives, and will commence with a series of pre-conference technology sessions. The conference itself offers plenary and breakout sessions on Simulation, Operator Training Simulators, Optimization and Fluid Flow. The event offers unparalleled opportunity to interact with global experts from Schneider Electric's SimSci Group as well as affording plenty of time for informal discussions with your peers.
The preliminary agenda already includes exciting customer presentations from companies including ADGAS, ENI and Technip. Here's the preliminary agenda
Main Topics:
BUILD IT RIGHT
Simulation tools for engineering design
Operational Analysis 
RUN IT RIGHT
Dynamic Simulation
Operator Training Simulators
RUN IT BETTER
Management & Monitoring of process plants
Online Process Optimization
KEEP IT MOVING
Upstream Operational Analysis
Fluid Flow Simulation
  
For more information, visit the SimSci Process Engineering Forum Website