You searched for :

How to optimize Industrial Safety and Risk Management

The International Association of Oil and Gas Producers reported a 36% increase in offshore fatalities from 2020 to 2021. This concerning rise underscores the inherent safety challenges of the industry. Certainly, this sector is subjected to safety threats due to the complex processes and hazardous environments in which it operates. For this reason, high-complexity facilities such as oil and gas need to target safety and risk assessments as fundamental pieces of operational management. But what are the main concerns of the oil and gas industry regarding risk management?     Concerns regarding risk management in the O&G Industry   [...]

The Future Lies in the Past: Embracing Mature Fields for Tomorrow’s Energy

A 2011 study by IHS Cambridge Energy Research Associates reported that approximately two-thirds of global daily average oil production comes from mature fields and that the percentage is increasing over time. Indeed, it’s evident that mature fields have become a fundamental piece of the petroleum exploration sector, but what exactly are mature fields? According to Parshall (2012), mature fields are defined by years of production and aging infrastructure. For a field to be considered mature, it had to produce more than 50% of its established proved plus probable resource estimates or have produced for more than 25 years. In this [...]

May 22nd, 2024|Asset Integrity Management, Offshore, Oil and Gas|

Exploring the Depths: Understanding Offshore Oil Drilling

Until 1894, we didn’t know extracting crude oil from subsea environments was possible. This changed when the lure of offshore production enticed Henry L. Williams and his associates to build a pier 90 meters out into the Pacific — and assemble a standard cable-tool rig on it. Since then, oil extraction has evolved in unprecedented ways. In recent years, new technologies have emerged as powerful tools for addressing the inherent challenges of exploring previously unreachable resources. Indeed, subsea drilling still represents a complex operation that requires advanced techniques and skilled teams to achieve optimal efficiency and safety. And, despite the [...]

May 8th, 2024|Asset Integrity Management, Offshore, Oil and Gas|

How to leverage the full potential of AI Predictive Maintenance

Industrial maintenance is a crucial but challenging aspect of large-scale process industries. Traditional maintenance methods result in expensive, risky, time-consuming, and often inefficient activities. This has led to a growing implementation of digital technologies to optimize maintenance, which made clear the opportunities that these optimized processes offered, like foreseeing anomalies with predictive maintenance for example. However, successfully implementing this maintenance approach requires the integration of different cutting-edge technologies. Despite the complexity surrounding the adoption of predictive maintenance, we need to understand its leveraged opportunities in industrial environments.   Why industrial maintenance requires predictive care   Industrial maintenance can be a [...]

April 10th, 2024|Artificial Intelligence, iot, Oil and Gas|

Why Reality Capture is a must to report anomalies in industrial inspections

Industrial inspections consist of reporting anomalies to later perform maintenance plans. For this purpose, companies display several methods to inspect assets that can be divided into two major categories: the traditional methods and the digitized ones. In this context, these two groups present clear disparities in the benefits they generate to operators. While traditional methods still expose professionals to risky and time-consuming activities, new digitized ways of capturing reality have intuitively fostered safety and uptime for industrial inspections. Indeed, the new optimized methods of visually inspecting assets have accurately illustrated industrial realities to streamline maintenance actions. Thus, reporting anomalies with [...]

AI-driven Hull Inspections: Streamlining Safety and Efficiency

Vessels are crucial parts of different industrial operations. Considering this, the ship's main body: the hull, must be regularly inspected to ensure high asset integrity, safety, and efficiency standards. Hull damages such as cracks can lead to oil leaks, which can implicate direct emergency costs that surpass USD 50,000,000, which is 100x more expensive than the investment to repair the defects on time (before the accident) not including compensations, fines, and asset depreciation. In this regard, hull inspections are a maintenance procedure that helps energy companies and bulk cargo transporters maintain high safety, compliance, and efficiency standards. However, inspecting offshore [...]

January 31st, 2024|Asset Integrity Management, Mining, Oil and Gas|

Making the most of POB on offshore assets

As a risky environment, Oil and Gas offshore operations claim meticulous interventions from the People on Board (POB). The term is used to track and manage the workforce and ensure safety, resource allocation, and overall operational efficiency. In this sense, managing People on Board (POB) it’s a crucial and inherent challenge to the oil and gas industry. Oil and gas facilities may present risks such as explosions, health hazards, and oil leaks. Besides that, unplanned events happen, which requires workers to solve the occurrence. This harms the planning of the POB previously done and increases the downtime of the asset, [...]

December 6th, 2023|Corrosion, Industry 4.0, Oil and Gas|

Smart Hulls, Safe Seas: How to keep O&G facilities efficient

Introduction:   Tank and hull inspections are critical for ensuring the safe and efficient operation of oil and gas floating production and storage facilities and tanker ships. The challenges of maintaining hull integrity are numerous, including corrosion, fatigue, and structural damage. In this article, we will explore the challenges of hull integrity management, as well as emerging technologies and approaches that may help address the challenges faced by this industry.     Challenges of Hull Integrity Management   Managing hull integrity presents a multitude of challenges, particularly when dealing with offshore and remote locations. External and internal care of [...]

November 16th, 2023|Oil and Gas|

How APM is enabling longer asset life cycles while reducing downtime

Intro   Managing equipment life cycle is a sensitive matter that requires a careful approach from heavy asset industries. In this context, properly addressing maintenance practices lies in reducing unplanned downtime and reactive maintenance strategies with the intent of improving asset availability and readiness. For this reason, Asset Performance Management (APM) is a key concept to understand how this process can be streamlined.     However, before getting into how asset life cycles are being optimized, it is necessary to understand the role of APM.   What is the role of Asset Performance Management?   Asset Performance Management does [...]

Unlocking AI’s accuracy and reliability

AI's growth scenario   From its early days as a theoretical concept to today's omnipresent reality, AI's journey has been characterized by exponential growth. According to a 2022 IBM research, more than a third of companies (35%) report the use of AI in their business, a four-point increase from 2021. This illustrates a key change in the way we face reality, but different from other technological revolutions: today’s tool learns from its own experience at increasingly higher speed and scale.     These tools are programmed to have a human-like thought process. Moreover, they are now a reality in the [...]

Go to Top