It’s one thing to prove you can fly an aeroplane, it’s quite another to maintain a flying license. A similar thing can be said of proving the safety of oil and gas production facilities – you simply must put in the hours after achieving the initial safety certification in order to be considered safe to continue producing.
You are viewing Oil and gas
Upgrading and updating assets can give valuable and much needed benefits in productivity. The challenge to be faced once the decision is made to upgrade is to avoid productivity losses and downtime. As an illustration, it’s like keeping a rider on his bike during the Tour De France.
Tom Shannon looks at getting the most from existing offshore production assets by understanding the lifecycle of equipment in terms of the lifecycle of the oilfield.
Comprehensive front engineering and design can reduce risk and cost for small and large projects. However, navigating complexities related to global project execution throughout the entire project lifecycle can be pretty challenging. You can address project risk with a holistic approach that incorporates three building blocks of success.
Many oil and gas companies are looking to extend the lifecycle of their automation systems. The average age of most oil & gas platforms is over 24 years old. These companies are at a point where they have to support their aging legacy systems and factor in modernization plans.
The oil and gas industry has always been cyclical. So how do some companies make it through the lull and come out stronger than they were going into the downturn? “Efficiency” is the name-of-the-game when prices are down.
In this blog Ron Vaz Dias, Business Development Manager at iTanks, discusses trends and technological developments in the oil and gas industry. Vaz Dias suggests that innovation-minded businesses working in the industry need to make allowances for developments from unexpected quarters.
Since the mid-1980s, the oil and gas industry has been developing equipment for subsea production, and now the goal is to have a complete “subsea factory” in year 2020. There is a wide array of technology deployed all over the world that can help support the subsea operations in a safe and productive way.
If you’re in the oil and gas industry, you must long for a crystal ball. If only people in the industry knew when the price of oil was going to rise, and to what price.
Politics aside – what’s left for the North Sea?