Paper vs Digital Inspections
Intro Oil and Gas operations pose unique challenges to their operations when the matter is inspection and maintenance. Since this kind of activity involves a variety of risks and complexities, it is not uncommon to find field workers filling out paper reports, and walking around the facility looking for potential problems. This is a traditional-manual method, on which oil and gas companies relied throughout the years when performing risk assessments with the goal of preventing potential hazards that could compromise the continuity of the operation. Meanwhile, digital transformation has been disrupting the way things are done with increasingly advanced [...]
Why system integration is a must
Intro As industries continue to get more digitalized, it's becoming increasingly important for businesses to have this digital environment as seamless and integrated as possible. With so many different platforms working together, system integration is essential for connecting every part of a company's digital infrastructure. In this post, we'll take a look at why this integration is a must, the advantages it provides, and how it can improve the overall efficiency and productivity of a business. The rise of digital tools and the need for integration The process of digitalization is transforming industries across the board. From manufacturing [...]
3 Ways to Improve Oil & Gas Industries’ Operations Through Digital Transformation
Although each industry has its own specificities, it is common to find some standard problems in Oil and Gas companies, mainly due to poor data management and contextualization. As main focuses, we can mention the difficulty in assertively inspecting the structural integrity of the industry, lack of complete understanding of the efficiency of equipment, and poor operational and worker safety. Therefore, knowing the recurrence of these problems, the following list shows how, through the digital transformation process, it is possible to minimize the consequences generated by poor data management, more specifically by applying Digital Twin technology to the operation [...]
Top 3 Oil and Gas Trends for 2023
The search for digital solutions to the challenges faced in the oil and gas industries intensifies every year. According to BDO Global, it is predicted that the digital oilfield market, consisting of the internet of things, analytics, and cloud computing, will surpass US$20 billion by 2023. In this scenario, some technological trends stand out among the most necessary in the industrial environment, especially those focused on the optimization of maintenance processes and energy transition. Check below the top 3 trends in the oil and gas industries for the year 2023: 1. Critical Equipments Analytics Following the problems [...]
What is Asset Performance Management?
Introduction Asset performance management (APM) is an advanced and data-driven approach that many companies are choosing over just traditional and budget-based maintenance methodologies. There are several compelling reasons to consider an APM strategy, but four main reasons stand out: cost savings, sustainability-driven by optimal equipment availability, increased safety thanks to more comprehensive diagnostics and risk assessments, and overall process quality improvement. What is APM About? The concept of Asset Performance Management has become popular in recent years due to the great digital transformation process that the industrial sector is undergoing. The advancement of digitalization in these sectors is [...]
What is Process Safety Management
Intro The oil and gas industry is characterized by the exploration of oil and natural gas in extremely hostile environments generating constant risks to the staff, the environment, and also to the integrity of the plant. Offshore operations are marked by their high complexity, with many processes occurring simultaneously in tens of thousands of heavy assets. In this scenario, operational safety management has the objective of developing internal procedures in order to avoid accidents and provide assertive measures to decision-makers. What is Process Safety? As mentioned before, Process safety management is about developing efficient and effective safety management [...]
Why ESG concepts are totally related to digital transformation in industry
ESG (Environmental - Social - Governance) concepts have been gaining much attention in recent years. In collaboration with major global goals, such as the Paris Agreement and the SDGs, they focus on sustainable growth, social responsibility, and transparent corporate governance. Tuning this scenario to the industry, we find several challenges that obstruct the commitment to these themes, such as the large emission of greenhouse gases into the atmosphere and even the risks to operators in the workplace. To reduce dangerous activities and meet ESG decarbonization goals, industrial digitalization options have emerged. This technological strategy has mitigated problems and promoted [...]
All you need to know about Digital Twins to prepare for 2023
Digital twin is a technology that has gained great prominence over the past few years for generating amazing results. The technology emerges in the midst of a movement known as digital transformation, which has revolutionized the way companies relate to their customers, operate, and develop their products and services. What is a Digital Twin? Despite the big boom behind the digital twin the term was conceived in 2002 by Michael Grieves and has since been applied for different purposes. But how could we define a digital twin? Well, the technology consists of a digital [...]
Digital Transformation in the O&M phase
As industrial processes become increasingly complex, more data are collected by sensors and technologies from digital transformation. However, this gathered information is not always centralized and contextualized, making the process of asset integrity management even more difficult. The Fourth Industrial Revolution and the increased investment in new technologies by companies are constantly generating better results in their processes. One of the main gains from this is the improvement of the Operation and Maintenance phase of the industry (one of the most enduring stages of Project Lifecycle Management) with tools that keep up with the complexity of the operation and [...]
Data Contextualization to the O&M Phase
In the last 10 years, the amount of data generated by industries is the largest in history. Despite the growing digitalization of the sector, there is still a great need to contextualize this information to be effectively useful to the industry. In the contextualization process, three questions are fundamental for data processing. What is it? What is it for? and Who is it for? From this, a filtering process begins, the goal of which is to classify data as useful or useless. In addition, the contextualization process is also responsible for formatting the data into usable [...]
