Last updateThu, 13 Jun 2019 5pm


Emerson Process Management, Shell Sign Multi-year Global Framework Agreement

Emerson Process Management has entered into a 5-year Global Framework Agreement with Shell to serve as a Main Automation Contractor on future capital projects globally.

Under the Agreement, Emerson will provide project and support services for Main Automation Systems, including Distributed Control Systems and Safety Instrumented Systems.

Source: Emerson Process Management

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Oil and Gas Industry May Be Saving Texas from a Deeper Recession

According to a new report from the Federal Reserve Bank of Kansas City, Texas is among the states that have escaped the worst of the recession because of a relatively heavy reliance on oil and gas production.

The modern myth is that Texas is no longer dependent on energy, that we've diversified our economy so much, that we are no longer captive to the volatile energy cycles.

Source: Dallas Morning News

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Europeans Revitalize Plants to Save Jobs

The soaring glass and iron Siemens factory here opened almost exactly a century ago. At first, it churned out electricity turbines, then munitions during World War II before being looted by the Soviets, which required it to be rebuilt at the dawn of the cold war.

Source: New York Times

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President Touts His Alternative Fuels Plan

President Obama moved on Wednesday to bolster the nation’s production of corn-based ethanol and other alternative liquid fuels and ordered the rapid development of technology to capture carbon dioxide emissions from the burning of coal.

The president is trying to expand the portfolio of American energy sources to reduce emissions of greenhouse gases, a factor in global warming, and spur advances in alternative technologies.

Source: New York Times

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Brazil's Braskem May Buy Sunoco Assets: Report

Braskem, Latin America's largest petrochemical company, may unveil as soon as Monday the purchase of U.S.-based Sunoco Inc.'s petrochemical assets for about $400 million, O Estado de S.Paulo newspaper reported on Saturday, without citing a source.

The takeover is part of a plan by Braskem to increase its output capacity and become the world's fifth largest petrochemical company, the report said.

Source: Reuters

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