Market News
Global Online Oil Condition Monitoring Market: Key Developments
- For instance, in June 2021, Bureau Veritas, a prominent France-based company, established a comprehensive agreement with the globally recognized Veolia, a leader in water, waste, and energy management solutions. This three-year contract solidifies Bureau Veritas' position as a preferred provider for both regulatory and non-regulatory verifications and certifications across Veolia facilities.
- For instance, in September 2021, a strategic collaboration was established between Abu Dhabi National Oil Company (ADNOC) from the U.A.E and Abu Dhabi Future Energy Company Masdar (UAE). The core objective of this partnership is to provide innovative clean energy solutions that will contribute to both the U.K. and the U.A.E's sustainable energy goals. The partnership's focus centers on achieving decarbonization of air corridors and establishing low-carbon hydrogen hubs connecting the two nations.
- For instance, in August 2021, Shell, a U.S.-based oil and gas corporation, unveiled a novel offering focused on monitoring oil conditions and equipment well-being. This initiative emerged as a result of a partnership between Shell and Baker Hughes, resulting in the introduction of VitalyX. This innovative product represents a sophisticated, intelligence-driven service centered around analytics-based oil condition monitoring and machinery health assessment, with a specific emphasis on catering to the marine sector.
- For instance, in June 2021, Parker Hannifin, a prominent supplier of motion and control solutions, introduced DIGI Plus, an advanced Oil Condition Monitoring (OCM) technology. This innovative solution facilitates both onboard and on-site oil condition monitoring.
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