The digitization of energy must be a strategic priority for the organization of the future, as it enables remote operations and encourages human-machine collaboration. Digitalisation can also play a role in setting short-term emission targets, using standardised and credible reporting and liability tracking across the company. Trusted by companies of all sizes in the global energy ecosystem, we connect people, data, workflows and systems to help energy workers achieve remarkable results.
Oil and gas managers need to change their capital allocation processes to keep pace with their changing strategies. Oil and natural gas are important industries in the energy market and play an influential role in the global economy as the world’s leading fuel sources. The processes and systems involved in the production and distribution of oil and gas are highly complex, capital intensive and require state-of-the-art technology. Historically, natural gas has been linked to oil, mainly because of the manufacturing process or the upstream side of the business.
With Totally Integrated Power for oil and gas, we offer a broad spectrum of upstream, midstream and downstream technology solutions aimed at efficient energy supply and distribution. Fully integrated and coordinated, at all voltage levels and throughout the life cycle, TIP solutions offer greater delivery reliability, shorter response times, greater flexibility and lower costs, from the drilling rig to the refinery. In the safety-critical oil and gas industry, space is often extremely limited and regulated by the strictest safety regulations.
If so, this guide is for you to help prevent contamination during drilling and production, through processing and storage, transmission and distribution. Many oil and gas companies apply Best Management Practices as an important part of their pollution prevention program to help them reduce their air emissions, reduce water use, control erosion, and reduce the amount of hazardous waste they generate. Based on what I’ve discussed with you above, you should start by identifying risks and weaknesses in your operations, understanding your cash flow, and having the right team to grow your oil and gas business. Gulf Coast Western’s blog For operators, oil and gas companies that regularly perform preventive maintenance of aging pipelines can put themselves in a much better position to manage their pollution risks and respond quickly after hurricanes and other natural disasters. The high level of indebtedness that the sector entails indicates that there are more companies that need to reduce their debt burden. For oil and gas companies, this means that management must strike a balance between using limited capital for debt repayment and new investments in the development of oil and gas reserves to be a company with long-term viability.
Companies in the oil and gas chain have gone from boom to bust over the past two years. Here are five strategies that oilfield services and equipment companies are exploring to adapt to the changing environment. To gain the upper hand in today’s markets, successful companies treat strategy development as a dynamic process.
A distributed operating system uses a filtering process to distinguish between emergency and non-emergency alerts. The alarm devices that are installed must take into account the environment, taking into account in particular the air temperature, so that the DCS can ensure a safe and efficient transmission of warnings to these alarm devices. Oil and gas plants need this enriched technology, along with software that helps DCS communicate well and efficiently with alarm devices. A DCS is a versatile system that can help oil and gas industry operators make the right decisions for different scenarios by analyzing alerts. As a result, operators only need to focus on that alarm system, drastically reducing the response time to resolve the failure.