As the coronavirus spreads and oil prices plummet, Bahrain’s oil minister Sheikh Mohamed Al Khalifa comments on the state of the industry, his plans to sell stakes in nation’s energy assets, and how he plans to leverage tight gas on the path to self-sufficiency.
The IMO regulation for the reduction of sulphur content in marine fuels from 3.5% to 0.5% with effect from 1 January 2020, considered as the most disruptive product quality change in decades, will create many losers and winners in the global refining industry, will cost the refining and shipping industries many billions of dollars worldwide, and will impact companies and households across the world with higher freight costs
Digitalisation is the key to be efficient, effective and successful in the downstream industry. An operator needs three critical elements for this – a digital twin, artificial intelligence and domain expertise. If a company has these three components, then it has the recipe for success. “Bilfinger has all these elements to offer to our customers in downstream industry, positioning us uniquely vis-à-vis many other companies,” says Tom Blades, chairman of the executive board of Bilfinger