Shell signs Yokogawa in global deal
Shell has signed a "long term, competitive, collaborative, and performance based relationship" with Yokogawa to become a main automation contractor (MAC) for integrated production control and safety instrumented systems.
Shell has signed a Global Framework Agreement with Yokogawa establishing a new alliance between the two companies. Yokogawa will become a main automation contractor (MAC) for integrated production control and safety instrumented systems.
In 2009 Shell started work to reduce the number of equipment and systems suppliers for its plants, and has assessed and narrowed down the list of contractors that it works with in the control systems field.
The Yokogawa contract includes ongoing maintenance of systems and the supply of new systems for both brownfield and greenfield projects. The move is part of Shell's initiative to achieve top quartile performance across categories in support of its "More Upstream, Profitable Downstream" strategy.
Nick Curley, Shell's Upstream Automation Portfolio manager, said, "This GFA marks a completely new approach within Shell: this is a long term, competitive, collaborative, and performance based relationship that will facilitate the delivery of value to both parties."
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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