Exploring the Depths: Understanding Offshore Oil Drilling
Introduction: Subsea drilling is a complex and challenging operation that requires advanced technologies, techniques, and skilled teams to achieve optimal safety and efficiency. Despite the access to previously unreachable resources, it poses unique challenges such as deepwater drilling, harsh environments, and high costs. In recent years, however, drilling analytics and digital technologies focused on asset performance management have emerged as powerful tools for addressing these challenges and improving the safety and efficiency of subsea drilling operations. The concept behind Oil drilling Drilling for oil is the process of extracting hydrocarbons, primarily crude oil, and natural gas, from [...]
The challenges for the future of Oil and Gas sector
Undoubtedly, the impacts generated by the covid-19 pandemic on American oil and gas production will be witnessed for a few more years. Despite the sector's recent slight recovery, the problem appears to be far from over. To understand a little more about what made this drop in production so impactful, you can access this content where we detail more about it. Click and read! There are many variables behind the drop in US oil consumption and production. Basically, there is a cost behind all production, which can be more or less expensive depending on how the [...]
That’s why Oil and Gas production dropped
It was in the year of 2020 that the oil and gas industries suffered a major crisis in their production due to the covid-19 pandemic. Although the problem becomes more evident with the pandemic, it goes back much further. Why is the oil industry at the mercy of its production? The problem is a little more complex than one thinks when we analyze oil extraction around the world. Basically, there are 2 most common types of production, they are: Onshore and Offshore. Onshore operations are less risky and require a lower investment cost due to their easier [...]
The recovery in American Oil and Gas production
With the covid-19 pandemic at the beginning of 2020, the oil and gas industries suffered impacts on their production and are now looking for its recovery. The pandemic changed our routine, our lives, and forced us to quickly adapt to a new work model. The need for social isolation was also one of the measures taken to safeguard the health of people around the world. As the disease spread across the world, economic structures began to encounter new behaviors. For the American oil and gas sector, this change was responsible for one of the biggest drops in oil consumption in [...]
Vidya Software: the ideal solution for the Oil and Gas Industry
The oil and gas industries still live with the process of implementing the ascending technologies of digital transformation within their processes. These are industries with a high degree of complexity inserted in markets that are under constant pressure about ensuring the safety of their operations and strict regulations on the preservation of the environment. These are some of the main challenges that Oil and Gas industries have on their journey towards profitability and adding value within their production chains. For these obstacles to be overcome, techniques are needed to maximize the optimization of processes and operations, seeking to reduce costs [...]
New alternatives for the Asset Integrity Management in Offshores
The asset integrity management in oil platforms became very popular from 1990 with the price instability of the oil barrel. Among predictive maintenance and greater control over the industrial assets, it was possible to low the operational and maintenance costs of the elements. With a great asset integrity management, you can avoid some oil platform accidents. As Rodrigo Castro, an engineer from Forsys Sybsea, quotes: Oil or Gas leaking Reduction in market shares Decrease in the value of shares Loss of stakeholder confidence (investors/public) And other adverse impacts on: staff safety; installation safety; environment; production and revenue; Between the most [...]
New technologies are increasing the productivity in Offshore.
Several industrial sectors have invested in new technologies to reduce time and cost in industrial activities. Likewise the various tools that have been utilized for improving productivity in industrial plants. The digitalization of the documents and data analysis in digital platforms deserve special attention. With software that can be operated remotely, the asset management has become a more integrated task. With tools that help the planning of inspection and maintenance activities. According to execution plans made previously. In that way, this optimization in performance reduces the number of people involved in field tasks. And increases the productivity of those who [...]
The complex routine of Offshore: Technology as our great ally
Offshores can have a complex routine, so managers and engineers are increasingly adopting the Digital Twin to integrate the firsts phases of the Project Life-cycle Management (PLM) - design and engineering - with the Operation and Maintenance phase (O&M). As a result, they’re building efficiency by sharing data and taking advantage of the technology, which can be used to reduce time and budget of inspection and maintenance activities. An industrial plant have thousands of assets. Therefore, the inspection and maintenance management of all of them can be a masterful job. However, with the connectivity provided by digital technologies, such [...]
