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Smart asset management for the chemicals and petroleum industry Companies in today’s chemicals and petroleum industry face unique asset management challenges. These issues include capturing best practices of a soon-to-retire workforce, managing increasingly converged business and technology assets, safeguarding and improving mechanical asset integrity, and addressing process safety management requirements and procedures. The challenges are formidable—and tackling them requires smart, industry-specific solutions and technology. IBM® Maximo® Asset Management solutions for the chemicals and petroleum industry, including IBM Maximo for Oil and Gas, provide a consolidated, trusted platform for easily and effectively managing everything from the smallest tools and parts to the largest exploration and production facilities.
Date: 09 January 2012 Format: PDF File Size: 29 Kb
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The case for a smarter oil and gas industry The oil and gas industry is both asset and data intensive. An oil well at sea can easily cost $150 million. And such a well can generate a terabyte of data per day, roughly the information in 1 million medium-sized novels. But few firms currently manage their assets in a way that optimizes the data they are already gathering.
Understanding the advantages of IBM Maximo software for EAM in asset-intensive industries A report from the IBM Center of Applied Insights that talks about the current situation that, while global energy requirements continuing to rise, the exploration, development and production of new oil and gas resources are shifting to increasingly challenging sites. Meanwhile, regulations continue to tighten worldwide. Finding and keeping experienced personnel is only getting harder. Forecasting and budgeting are exceedingly difficult in the face of ongoing pricing volatility and the many other uncertainties of a dynamic environment on and off the field.
Innovative Cement Spacer System for Effective Zonal Isolation in Lost Circulation Zones Cementing is a critical operation for the construction of onshore and offshore wells. This study describes the origins, laboratory testing, case histories, and final conclusions of an innovative spacer system for effective zonal isolation in lost circulation zones, highly permeable zones, and shallow water flow potential zones. The Ultra Spacer® technology, with a proprietary blend of functionalized polymers and bridging agents, can be used as cement spacer to effectively remove drilling mud and form a non-damaging membrane, reducing fluid/filtrate invasion and increasing effective zonal isolation in depleted production zones, lost circulation zones, washout zones and zones with narrow ECD margins. With over a thousand case histories, the Ultra Spacer® technology has proven itself a safe and effective cement spacer system for the most complicated cementing jobs faced by the oil and gas industry.
Date: 21 November 2011 Format: PDF File Size: 515 Kb
through replication Oil and gas companies rely on small and mid-sized construction projects to balance risk and cash flow in their portfolios. These smaller initiatives can be delivered faster and more efficiently than megadrilling operations, and having a portfolio of them helps to secure steady overall production growth that will offset the long development cycles of larger projects. To maximize the pay-off of these investments, companies streamline project development by standardizing operational processes, supply chain relationships and management techniques. Such standardization enables project teams to speed construction, cut costs and secure incremental advantages on subsequent projects. But these benefits are achieved only when owners, contractors and project teams implement strategies to reduce risks and capitalize on lessons learned. This requires a rigorous project management structure and strong leadership of the sort more frequently associated with much larger investments.
Date: 17 November 2011 Format: PDF File Size: 240 Kb
How to Reduce Costs and Manage Risk in the Upstream Oil & Gas Industry The upstream petroleum industry today faces unprecedented waves of added costs and new regulatory challenges as it tries to navigate the shoals of risk management toward preserving its bottom line. At the same time, huge capital costs have grown even larger, given the industry’s increasing proclivity for mega-projects that leverage economies of scale. Mega-projects have become commonplace, as activity fans out in more challenging physical environments. With the expanding project scope comes bigger challenges to manage project risk. Project lifecycle management solutions, such as Enterprise Project Portfolio Management (EPPM) solutions, enable executive and project leaders alike to successfully manage costs and reduce risk in such a volatile climate. This paper will address some key management issues facing the upstream petroleum industry from an enterprise project and portfolio management lifecycle perspective—and how EPPM solutions can help minimize risk and thus cut costs.
Date: 17 November 2011 Format: PDF File Size: 176 Kb
The Barometer Report 2 The Barometer Report is back. In association with Lloyds List we've once again delved into the latest industry issues to take the pressure off port and harbour owners and operators. With a troubling trend towards cost cutting the industry has seen a rise in the supply of docking and mooring equipment that do not match the required standards. As unscheduled downtime is still a widespread problem faced by 8 out of 10 ports we're taking a look at the balancing act between investment, risk and compliance.
Date: 03 October 2011 Format: PDF File Size: 4471 Kb
A ‘Pipeline’ to Unleashing Value: Cutting Midstream Costs and Reducing Risk with Enterprise Project Portfolio Management Solutions Huge capital projects entail enormous hurdles in logistics, planning, scheduling, communications, data management, and risk analysis. With pipeline mega-projects comes a great need to better collaborate and share information across the value chain that ultimately will drive down costs and increase the accuracy of delivery dates. Owner-operators, contractors, and suppliers working in the oil and gas pipeline industry all must find innovative solutions to minimize complexity and risk in these massive undertakings, as it becomes a top priority to have all players on a project team work more closely together. All of these factors and more are adding costs or reducing revenues and creating new risk management challenges for oil and gas pipeline companies. Pipeline project lifecycle management solutions, such as enterprise project and portfolio management (EPPM) solutions from Oracle, enable both executive and project leaders alike to successfully manage costs and reduce risk in such a volatile climate. This paper will address some key management issues facing the oil and gas pipeline industry from an enterprise project and portfolio management lifecycle perspective and how EPPM solutions can help minimize risk and thus cut costs.
Date: 20 June 2011 Format: PDF File Size: 163 Kb
Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions The oil and gas industry has always been the embodiment of undertaking high risk in pursuit of high reward. An increasingly complex and volatile business environment requires sound solutions for downstream petroleum companies seeking to mitigate risk, enhance efficiencies, and rein in costs while developing projects and managing project portfolios. Enterprise project portfolio management (EPPM) solutions provide robust collaborative tools to help meet those goals. EPPM solutions maximize collaboration and integration, real-time and uniform program visibility, and predictability in a way that goes beyond traditional solutions to optimize the value of a project throughout its lifecycle. This paper will outline specifically how EPPM solutions can help refiners and petrochemical producers to pinpoint the best strategies to develop and implement projects from conception through execution to endgame, which helps manage costs and reduce risk.
Date: 20 June 2011 Format: PDF File Size: 143 Kb
Mega-Project Management: Reducing Risk & Complexity Across the Value Chain Mega-projects have become commonplace in the oil and gas industry as project size and scope continues to increase. The industry also faces a n! umber of challenges that must be overcome in order to complete these projects on-time and within budget. An increasingly complex and volatile business environment requires sound solutions for oil and gas companies seeking to mitigate risk, enhance efficiencies, and rein in costs while planning, building, and commissioning mega-projects. Enterprise Project Portfolio Management (EPPM) solutions provide collaborative tools to help meet those goals. In addition, EPPM solutions can maximize collaboration and integration, provide real-time and uniform program visibility and predictability in a way that goes beyond traditional solutions to optimize the value of a capital asset throughout its lifecycle.
Date: 02 February 2011 Format: PDF File Size: 177 Kb
Prepare for the Unexpected: Capital Investment Planning in Asset-Intensive Industries (Special Report from the Economist Intelligence Unit, Sponsored by Oracle) Capital planning in the oil and gas, utilities, metals and mining and chemicals industries is fraught with difficulties. Only 11% of companies surveyed by the Economist Intelligence Unit in October 2010 report delivering the expected return on investment (ROI) on major capital projects 90-100% of the time, and 12% report delivering planned ROI less than half the time. No matter how robust and far-reaching their planning processes, organizations in the oil and gas, mining and metals, utilities and chemicals industries struggle to manage risks, predict levels of ROI and reap the expected value from major capital investments. This paper, prepared by the Economist Intelligence Unit, sponsored by Oracle, explores the results of a survey of over 425 executives in asset-intensive industries and offers practical recommendations for improving the capital investment planning process.
Date: 02 February 2011 Format: PDF File Size: 898 Kb
Effective Asset Management in an Uncertain Economy Get this white paper to learn 10 ways senior executives can more effectively manage their assets in an uncertain economy. David Berger, a Partner at Western anagement Consultants, outlines strategies that help to avoid any damage, as well as improve productivity and profitability. Do
Date: 01 January 2010 Format: PDF File Size: 567 Kb
Orlando, FL - February 6-9
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, 2010 Tubing Tables and more. Get Total Access today.