The energy industry has been hit hard by current global economic interruptions: rapid drops in demand, a changing mix of preferred products, plummeting crude prices, difficulty staffing essential production sites and fragile supply lines. Energy companies are re-examining their digital capabilities and increasing their focus on digitalization as an essential strategy.

With an integrated LNG Process Improvement approach, engineers are empowered to optimize LNG Plant Performance. aspenONE Engineering provides a complete and holistic LNG Process Model within Aspen HYSYS including a complete suite of rigorous heat exchangers for LNG integrated into the simulator. Watch now to learn more.

Technology Licensors and Engineering and Construction firms seek to boost project agility, compress FEED activities, and hence shorten the overall design process producing higher quality projects. Aspen Basic Engineering propagates changes and automates deliverables decreasing FEED package preparation time and decreasing rework. Watch now to learn more/

Engineering, Procurement and Construction (EPC) firms with a large presence in the process industries are preparing for a major disruption to their business. The now inevitable scaling back, delaying or cancelling of projects will have a tremendous effect on these companies. A top priority for EPCs, which typically operate on very thin margins and own few assets, will be preserving cash.

See how you can streamline project data handoffs while improving quality, accuracy and overall profitability with a fully data-centric workflow that integrates solutions from AspenTech and Hexagon PPM.

Join Hydrocarbon Processing Editor-in-Chief/Associate Publisher Lee Nichols for a lively discussion with industry experts Heath Stephens, Engineering Leader, Hargrove; Gerald Delaney, Process Engineering Manager, Zachry Group; and Paul Donnelly, EPC Industry Director, AspenTech, on these timely, relevant topics:

How are you using technology to make CAPEX and OPEX tradeoff decisions in the current volatile market? Many industry leaders are leveraging digitalization in their scenario planning to respond to fast changing conditions while minimizing the impact on business.

As operators seek ongoing investment and replacement of assets for the stability of hydrocarbon markets, what is next in LNG and beyond? How do firms rise to the top of the class in terms of returns on exploration investment, instead of bottom of the barrel? This article talks about how Industry leaders bring all aspects of an asset development into concurrency—from exploration to reservoir studies to engineering design to construction and operation—and the use of digitalization, technology and big data.

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AspenTech’s Performance Engineering Solutions can help improve engineering productivity and collaboration. Download this white paper to learn how you can leverage concurrent process engineering and lifecycle project economics to be more agile in bidding, project execution and handover of digital project data to your customer.