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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 [...]

December 7th, 2022|Digital Transformation|

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 [...]

November 30th, 2022|Digital Twin|

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 [...]

October 26th, 2022|Industry 4.0, Maintenance|

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 [...]

October 19th, 2022|Asset Integrity Management, Digital Transformation|

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 [...]

October 11th, 2022|Digital Transformation|

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 [...]

October 6th, 2022|Digital Transformation, Digital Twin|

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 [...]

September 13th, 2022|Digital Transformation|

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 [...]

July 5th, 2022|Digital Transformation|

Real Business Value Through Digital Transformation

Digital transformation has been a must for many companies in recent years. The digitalization provided by the movement has attracted the attention of many managers trying to encourage transformation within their organizations. Despite being indispensable, not all companies are aware of the real gain provided by digital transformation. In this post, we will clarify the main points of change generated by the movement.   What to expect from digital transformation   Digital technologies are the main drivers of digital transformation. From the implementation of tools such as Artificial Intelligence, Cloud, and Analytics, companies had access to the necessary tools [...]

June 8th, 2022|Digital Transformation|

The 5 essential steps to implement digital transformation in your industry

Deploying a new digital transformation strategy in an industrial environment can be quite challenging. The process from analysis to the actual implementation of the new tool can take months, and go through the approval of dozens of people. To deal with this bureaucratic journey and achieve effective results, it is necessary to understand which path should be followed in order to minimize problems that may arise and make the process more fluid. Besides that, in the case of large industries, the insertion of new technologies in worker’s daily basis may represent a change in the routine of hundreds of [...]

May 24th, 2022|Digital Transformation|
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