Brent crude futures traded at $53.81 a barrel on Wednesday afternoon, following a 5% jump on Tuesday that brought the commodity to an 11-month high. A Reuters poll of analysts in late December showed a broad expectation that Brent will average “a smidge above $50/bbl this year,” PVM Oil Associates said Wednesday. Goldman Sachs…
New investment from Saudi Aramco Energy Ventures (SAEV) is driving the next phase of global growth for UK-based company CorrosionRADAR Ltd. The funding will enable CorrosionRADAR to strengthen its operations and widen efforts to address Corrosion Under Insulation (CUI) and other operational challenges through digitalisation. SAEV’s investment was part of a $5m funding round which…
Schneider Electric has announced its vision for open Automation, and for the first time launched its new software-centric EcoStruxure Open Automation platform for industrial automation. As a global expert on digital transformation in energy management and automation, Schneider Electric is leading a broad push of open automation standards and a new wave of innovation. …
