Industry 4.0 is having a profound effect on the oil and gas industry, improving operations by aggregating sensor and planning/forecasting data into one shared view along backed by analytics and real-time alerting capabilities. These innovations may be even more important at the terminal, where low oil prices coupled with aging assets are putting severe pressure on operators to improve profitability through better productivity. Are you taking advantage of Industry 4.0 in these critical midstream and downstream operations?
We are very excited to announce that our TerminalSmart solution has been placed on the short list for 2 awards at the 2018 Global Tank Storage Awards.
In December of 2015 the United Stated lifted its ban on exporting domestic oil, and terminals up and down the Gulf Coast began vying for that business. Prior to the ban being lifted, only 10 countries were importing U.S. crude. Since then, that number has grown to 33. And it’s a trend likely to continue.
The “shale revolution,” as it’s been called, has led not only to the construction of new pipelines and LNG terminals, but also to a significant increase in this country’s energy exports. Less than a decade ago, U.S. gas production from conventional fields was in a downward spiral. And experts predicted that the country would become, of necessity, one of the largest importers of natural gas.
With the approval of the Federal Maritime Commission (FMC), several ports that previously competed for market share are now working cooperatively—exploring opportunities, sharing data, promoting cargo-handling efficiencies, expanding infrastructure. This trend among ports to form alliances with other ports in the same geographic region has come in response to the recent alliances formed by shipping companies.
Earlier this month, Pemex, Mexico's state-owned petroleum company, started importing LNG from Cheniere Energy's export terminal in Sabine Pass to Mexico's Altamira import terminal. These deliveries were the product of scheduled maintenance on the NET Mexico pipe in Texas, which starting during the holy week of April 9 - 15.