Workforce Development

Why the workforce issue is as important as safety

Jan 30, 2019

Chronic shortages of skilled labor are increasing costs and schedules and resulting in declining productivity, lower quality, more accidents and missed objectives. However, an industry program is set to cut costs, risks and spur workforce development.

Sourcing workers is downstream industry's most pressing challenge—execs

Nov 14, 2018

The U.S. energy and petrochemical industry has experienced incredible growth over the last decade. The extended period of profitability has caused another surge in downstream investment, but leaders from across the major energy companies have identified one...

Webinar: Supply Chain 4.0 - Increasingly Critical for Competitive Edge

Sep 7, 2018

Worldwide IT spending is projected to total $3.7 trillion in 2018, an increase of 6.2% from 2017, according to industry forecasts.

Petrochemical Update parent company FCBI targets growth with private equity investment

Sep 7, 2018

Leading global b2b events specialist FC Business Intelligence (FCBI), announced that mid-market private equity investor LDC has backed the management buyout of the company.

Gauging industry digitization: capital projects turn to innovation, recruitment teams

Jul 12, 2018

Market surveys reveal the downstream industry lags other sectors in adopting digital technology to boost productivity, but significant capital investment is pushing innovation and changes to education faster than ever before, executives told Petrochemical...

Presentations announced at the Downstream 2018 Exhibition; Free pass registration is open

May 17, 2018

Petrochemical Update announced workforce development sessions and updates on key innovations at the Downstream 2018 exhibition (May 31 – June 1, Galveston, Texas).

US needs more trades people for construction boom

Apr 5, 2018

Low U.S. natural gas prices, relative stability in crude oil prices and increased consumer demand have spurred further plant construction activity, highlighting current deficits in skilled labor.

Digital technology could boost value of chemical sector by $4.4 billion

Nov 30, 2017

Chemical companies that leverage the right combination of digital technology could increase their market capitalization by $4.4 billion, but the industry continues to lag other sectors, an industry analyst told Petrochemical Update.

Labor shortage deepens after hurricanes

Sep 22, 2017

Many refineries and petrochemical plants along the U.S. Gulf Coast did not receive significant damage from Hurricane Harvey, but thousands of homes, businesses and infrastructure were not so lucky. Capital projects and rebuilding efforts will compete for...

Downstream technology is more effective when owners connect the human chain - analyst

Jul 26, 2017

Petrochemical project leaders are turning to advanced sustainment and lean operation methods to fill the communication gaps left by high-level process mapping and performance objectives, an industry analyst told Petrochemical Update.