Invensys, Petrobas strike deal
Triconex, Avantis systems head to 11 refineries in South America
Invensys Process Systems has signed a five-year, $50 million contract to provide comprehensive safety services and solutions to Petrobras, an international energy company based in Rio de Janeiro.
Under the terms of this contract, the company will implement its Triconex safety and critical controls and Avantis asset management technology to upgrade and modernize 11 Petrobras refining facilities throughout Brazil. Along with its proprietary technology, IPS will also supply engineering, systems integration and consulting services to help Petrobras meet its strategic goal of becoming one of the five largest integrated energy companies in the world.
"IPS is the unquestioned leader in providing scalable, robust safety solutions to the energy industry," said Ricardo Agostinelli, president, IPS Latin America. "With a proven record of success worldwide and a long-standing relationship with Petrobras, we are uniquely qualified to help them meet their long-term objectives. We look forward to working with Petrobras as they continue to operate in a safe and profitable manner while improving the environment, health and safety of Brazil and the countries in which they operate."
The adoption of safety policies and procedures is an integral component of Petrobras' strategic plan to improve automation standards. To enable them to meet their business goals, IPS will deliver fully engineered safety services and solutions, including logic diagram validation.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey