Invensys To Provide TotalFinaElf with PES Software
Under the terms of the agreement, Invensys will provide TotalFinaElf with SIMSCI's Process Engineering Suite (PES) for improving productivity and increasing plant profitability through process engineering design and operational analysis. PES comprises several well-established programs that perform within a single, integrated desktop solution. The agreement also covers the Upstream Optimization Suite, for improving the design, operation and optimization of surface facilities and piping networks used in oil and gas production.
"This agreement represents an increased commitment from both SIMSCI and TotalFinaElf to expand the use of our Process Engineering Suite and Upstream Optimization Suite throughout TotalFinaElf worldwide," said Brian Ahern, president, Invensys Process Solutions. "We are committed to improving TotalFinaElf's engineering productivity and operations profitability by effectively applying our best-in-class technology as a strategic element in TotalFinaElf future plans."
"As one of the leading oil companies in the world, TotalFinaElf's group activities span all aspects of the energy industry. From the Upstream sector, oil and gas exploration and production to the Downstream sector which includes refining and marketing of refined products, as well as international trading in both crude and refined products," said Pascal Letourneur of TFE's Exploration and Production Division. "Therefore, it was beneficial to standardize on a proven software package, when it came to selecting a primary process flowsheeting tool for our use."
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension